Camping World (NYSE:CWH) Trading 6.2% Higher After Dividend Announcement

Camping World Holdings Inc (NYSE:CWH) traded up 6.2% during mid-day trading on Wednesday after the company announced a dividend. The company traded as high as $13.57 and last traded at $13.28, 1,046,621 shares changed hands during trading. An increase of 21% from the average session volume of 862,973 shares. The stock had previously closed at $12.51.

The newly announced dividend which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Friday, December 13th. Camping World’s dividend payout ratio is currently 28.57%.

A number of research firms have recently commented on CWH. JPMorgan Chase & Co. lowered Camping World from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $19.00 to $11.00 in a research report on Thursday, August 8th. Bank of America dropped their price target on Camping World from $10.00 to $7.00 and set an “underperform” rating on the stock in a research report on Wednesday, September 4th. Citigroup raised their price target on Camping World from $11.00 to $14.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. ValuEngine raised Camping World from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Northcoast Research lowered Camping World from a “buy” rating to a “neutral” rating in a research report on Thursday, August 15th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. Camping World currently has an average rating of “Hold” and an average target price of $12.95.

The company has a market cap of $1.06 billion, a price-to-earnings ratio of 11.86 and a beta of 3.23. The company has a debt-to-equity ratio of 79.52, a current ratio of 1.38 and a quick ratio of 0.27. The stock has a 50-day moving average price of $10.70 and a 200 day moving average price of $10.31.

Camping World (NYSE:CWH) last announced its earnings results on Thursday, November 7th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.04). Camping World had a negative net margin of 1.27% and a negative return on equity of 14,187.62%. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the business posted $0.49 EPS. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. Sell-side analysts expect that Camping World Holdings Inc will post -0.6 EPS for the current fiscal year.

In other news, major shareholder Abrams Capital Management, L.P bought 585,200 shares of the company’s stock in a transaction that occurred on Tuesday, October 8th. The shares were acquired at an average price of $7.93 per share, with a total value of $4,640,636.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 49.40% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. CSat Investment Advisory L.P. acquired a new stake in Camping World in the 2nd quarter valued at approximately $26,000. Tower Research Capital LLC TRC raised its position in Camping World by 305.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,905 shares of the company’s stock valued at $26,000 after buying an additional 2,188 shares during the last quarter. Aperio Group LLC acquired a new stake in Camping World in the 2nd quarter valued at approximately $54,000. Nisa Investment Advisors LLC raised its position in Camping World by 3,125.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,160 shares of the company’s stock valued at $64,000 after buying an additional 5,000 shares during the last quarter. Finally, Balyasny Asset Management LLC bought a new position in Camping World in the second quarter valued at approximately $135,000. 41.10% of the stock is currently owned by institutional investors and hedge funds.

Camping World Company Profile (NYSE:CWH)

Camping World Holdings, Inc, through its subsidiaries, operates as an outdoor and camping retailer. The company operates through three segments: Consumer Services and Plans, Dealership, and Retail. It provides a portfolio of services, protection plans, products, and resources for recreational vehicle (RV) owners and camping enthusiasts.

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