Camping World Holdings, Inc. Declares Quarterly Dividend of $0.13 (NYSE:CWH)

Camping World Holdings, Inc. (NYSE:CWH) announced a quarterly dividend on Friday, November 22nd,NASDAQ Dividends reports. Stockholders of record on Friday, December 13th will be given a dividend of 0.125 per share on Monday, December 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Friday, December 13th.

Camping World has increased its dividend payment by an average of 64.0% per year over the last three years. Camping World has a dividend payout ratio of 52.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Camping World to earn $1.00 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 50.0%.

Camping World Stock Up 1.7 %

Camping World stock traded up $0.41 during mid-day trading on Friday, reaching $24.21. The company’s stock had a trading volume of 938,750 shares, compared to its average volume of 1,093,531. The company has a debt-to-equity ratio of 9.67, a quick ratio of 0.19 and a current ratio of 1.23. Camping World has a 12 month low of $17.29 and a 12 month high of $28.72. The business’s 50 day simple moving average is $23.09 and its 200 day simple moving average is $21.30. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of -34.49 and a beta of 2.49.

Insiders Place Their Bets

In other news, CEO Marcus Lemonis sold 125,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $22.84, for a total value of $2,855,000.00. Following the transaction, the chief executive officer now owns 155,268 shares of the company’s stock, valued at approximately $3,546,321.12. This represents a 44.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 43.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CWH shares. Roth Mkm restated a “buy” rating and issued a $28.00 price objective (up previously from $26.00) on shares of Camping World in a report on Wednesday, October 30th. Monness Crespi & Hardt raised their price target on Camping World from $24.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Raymond James upgraded Camping World from a “market perform” rating to an “outperform” rating and set a $27.00 price objective on the stock in a research note on Wednesday, October 30th. StockNews.com raised shares of Camping World from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $24.00 target price (down from $25.00) on shares of Camping World in a report on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Camping World has an average rating of “Moderate Buy” and an average target price of $27.75.

Camping World Company Profile

Camping World Holdings, Inc, together its subsidiaries, retails recreational vehicles (RVs), and related products and services in the United States. It operates in two segments, Good Sam Services and Plans; and RV and Outdoor Retail. The company provides a portfolio of services, protection plans, products, and resources in the RV industry.