Camping World Holdings Inc. (CWH) Reaches New 1-Year High at $44.13
Shares of Camping World Holdings Inc. (NYSE:CWH) hit a new 52-week high on Wednesday . The company traded as high as $44.13 and last traded at $44.24, with a volume of 206,770 shares traded. The stock had previously closed at $43.46.
CWH has been the subject of a number of recent analyst reports. J P Morgan Chase & Co upgraded Camping World Holdings from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $37.00 to $38.00 in a report on Thursday, July 13th. ValuEngine upgraded Camping World Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, October 10th. Robert W. Baird reiterated a “buy” rating on shares of Camping World Holdings in a report on Thursday, September 21st. Zacks Investment Research downgraded Camping World Holdings from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Finally, KeyCorp reiterated a “buy” rating and set a $42.00 price target on shares of Camping World Holdings in a report on Thursday, August 31st. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $37.21.
The company’s 50 day moving average is $39.67 and its 200 day moving average is $33.06. The stock’s market capitalization is $1.27 billion.
Camping World Holdings (NYSE:CWH) last issued its earnings results on Thursday, August 10th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.15. Camping World Holdings had a net margin of 2.51% and a negative return on equity of 319.74%. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter last year, the company posted $0.65 earnings per share. The firm’s quarterly revenue was up 20.1% on a year-over-year basis. Analysts anticipate that Camping World Holdings Inc. will post $2.12 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Thursday, September 14th. Camping World Holdings’s dividend payout ratio is currently 14.29%.
In related news, insider Brent L. Moody sold 21,464 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $38.44, for a total value of $825,076.16. Following the sale, the insider now owns 81,464 shares in the company, valued at $3,131,476.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Roger L. Nuttall sold 67,146 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $38.55, for a total transaction of $2,588,478.30. Following the completion of the sale, the insider now owns 79,259 shares in the company, valued at approximately $3,055,434.45. The disclosure for this sale can be found here. Insiders sold 575,475 shares of company stock worth $22,088,085 in the last 90 days. 66.60% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the stock. Legal & General Group Plc boosted its holdings in Camping World Holdings by 6.7% in the second quarter. Legal & General Group Plc now owns 3,353 shares of the company’s stock worth $103,000 after purchasing an additional 211 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Camping World Holdings in the second quarter worth approximately $111,000. FNY Partners Fund LP purchased a new stake in Camping World Holdings in the first quarter worth approximately $193,000. Affinity Investment Advisors LLC purchased a new stake in Camping World Holdings in the second quarter worth approximately $208,000. Finally, Nationwide Fund Advisors boosted its holdings in Camping World Holdings by 16.0% in the first quarter. Nationwide Fund Advisors now owns 7,205 shares of the company’s stock worth $232,000 after purchasing an additional 993 shares during the last quarter. Institutional investors own 31.40% of the company’s stock.
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Camping World Holdings Company Profile
Camping World Holdings, Inc is a provider of a portfolio of services, protection plans, products and resources for recreational vehicle (RV) enthusiasts. The Company operates through two segments: Consumer Services and Plans, and Retail. Within the Consumer Services and Plans segment, the Company derives revenue from the sale of the offerings, including emergency roadside assistance; property and casualty insurance programs; travel assist programs; extended vehicle service contracts; co branded credit cards; vehicle financing and refinancing; club memberships, and publications and directories.
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