Camping World (CWH) Downgraded by Zacks Investment Research to “Hold”
Zacks Investment Research lowered shares of Camping World (NYSE:CWH) from a buy rating to a hold rating in a report published on Tuesday morning.
According to Zacks, “Camping World Holdings, Inc. is a provider of services, protection plans, products and resources for recreational vehicle enthusiasts. The company’s brand consists of Camping World and Good Sam. It offers new and used RVs for sale, vehicle service and maintenance through retail locations and membership clubs. Camping World Holdings, Inc. is based in Lincolnshire, United States. “
Several other equities analysts have also commented on CWH. Robert W. Baird reiterated a buy rating on shares of Camping World in a research note on Thursday, September 21st. Credit Suisse Group upped their target price on Camping World from $39.93 to $43.00 and gave the company an outperform rating in a research note on Wednesday, September 27th. ValuEngine lowered Camping World from a buy rating to a hold rating in a research note on Monday, October 2nd. Monness Crespi & Hardt reiterated a buy rating and issued a $47.00 target price (up from $40.00) on shares of Camping World in a research note on Tuesday, October 24th. Finally, Stephens upped their target price on Camping World from $44.00 to $50.00 and gave the company an overweight rating in a research note on Monday, October 30th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Camping World has an average rating of Buy and an average price target of $44.88.
Camping World (NYSE:CWH) last released its quarterly earnings results on Thursday, November 9th. The company reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.11. Camping World had a return on equity of 116.85% and a net margin of 1.20%. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the firm posted $0.53 earnings per share. The business’s revenue for the quarter was up 25.0% compared to the same quarter last year. analysts forecast that Camping World will post 2.29 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Thursday, December 14th. Camping World’s payout ratio is 16.58%.
In related news, CEO Marcus Lemonis sold 700,000 shares of the stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $40.50, for a total value of $28,350,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Roger L. Nuttall sold 33,555 shares of the stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $45.78, for a total value of $1,536,147.90. Following the completion of the transaction, the insider now directly owns 156,055 shares of the company’s stock, valued at approximately $7,144,197.90. The disclosure for this sale can be found here. Insiders sold 7,797,354 shares of company stock valued at $316,467,007 in the last ninety days. Company insiders own 66.60% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of CWH. Bamco Inc. NY boosted its holdings in Camping World by 93.7% in the second quarter. Bamco Inc. NY now owns 2,130,600 shares of the company’s stock valued at $65,729,000 after purchasing an additional 1,030,600 shares during the last quarter. Citadel Advisors LLC lifted its holdings in Camping World by 347.5% during the 2nd quarter. Citadel Advisors LLC now owns 965,923 shares of the company’s stock worth $29,799,000 after buying an additional 750,059 shares during the last quarter. Voya Investment Management LLC lifted its holdings in Camping World by 73.9% during the 2nd quarter. Voya Investment Management LLC now owns 1,104,837 shares of the company’s stock worth $34,084,000 after buying an additional 469,558 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Camping World by 72.6% during the 2nd quarter. Vanguard Group Inc. now owns 853,107 shares of the company’s stock worth $26,319,000 after buying an additional 358,886 shares during the last quarter. Finally, Summit Partners Public Asset Management LLC bought a new position in Camping World during the 2nd quarter worth approximately $10,798,000. 33.98% of the stock is owned by hedge funds and other institutional investors.
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Camping World 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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