Alpha Paradigm Partners LLC bought a new stake in shares of Camping World Holdings, Inc. (NYSE:CWH) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 9,004 shares of the company’s stock, valued at approximately $369,000.
Several other hedge funds have also recently added to or reduced their stakes in the company. Sigma Planning Corp bought a new position in Camping World in the 2nd quarter worth $220,000. Brandywine Global Investment Management LLC raised its holdings in Camping World by 85.7% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 180,041 shares of the company’s stock worth $7,380,000 after purchasing an additional 83,098 shares during the period. LPL Financial LLC raised its holdings in Camping World by 24.4% in the 2nd quarter. LPL Financial LLC now owns 48,687 shares of the company’s stock worth $1,996,000 after purchasing an additional 9,552 shares during the period. Geode Capital Management LLC raised its holdings in Camping World by 19.7% in the 2nd quarter. Geode Capital Management LLC now owns 662,935 shares of the company’s stock worth $27,173,000 after purchasing an additional 108,881 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in Camping World by 0.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 63,267 shares of the company’s stock worth $2,593,000 after purchasing an additional 542 shares during the period. Hedge funds and other institutional investors own 41.34% of the company’s stock.
A number of equities analysts recently commented on CWH shares. Robert W. Baird raised Camping World from a “neutral” rating to an “outperform” rating and set a $56.00 target price on the stock in a report on Wednesday, August 4th. Truist decreased their price target on Camping World from $54.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, September 17th. Truist Securities decreased their price target on Camping World from $54.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, September 17th. Zacks Investment Research raised Camping World from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Wednesday, August 18th. Finally, Northcoast Research cut Camping World from a “buy” rating to a “neutral” rating in a report on Thursday, June 17th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $49.70.
Shares of Camping World stock opened at $39.55 on Thursday. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of 7.19 and a beta of 3.25. The business has a 50-day moving average price of $39.60 and a 200-day moving average price of $40.20. The company has a quick ratio of 0.40, a current ratio of 1.38 and a debt-to-equity ratio of 5.23. Camping World Holdings, Inc. has a twelve month low of $22.60 and a twelve month high of $49.20.
Camping World (NYSE:CWH) last issued its quarterly earnings data on Tuesday, August 3rd. The company reported $2.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.20 by $0.31. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.08 billion. Camping World had a return on equity of 363.49% and a net margin of 3.79%. The business’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.62 earnings per share. On average, equities analysts expect that Camping World Holdings, Inc. will post 5.65 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 28th. Stockholders of record on Tuesday, September 14th were given a dividend of $0.50 per share. This is a positive change from Camping World’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, September 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.06%. Camping World’s dividend payout ratio (DPR) is presently 62.70%.
Camping World Company Profile
Camping World Holdings, Inc operates as a retailer of recreational vehicles (RV) and related products and services. It operates through the following segments: Good Sam Services & Plans; and RV & Outdoor Retail. The Good Sam Services & Plans segment consists of programs, plans and services that are geared towards protecting, insuring and promoting the RV lifestyle.
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