Camping World Holdings Inc (NYSE:CWH) to Issue None Dividend of $0.15
Camping World Holdings Inc (NYSE:CWH) declared a None dividend on Thursday, August 29th, NASDAQ reports. Investors of record on Monday, September 16th will be given a dividend of 0.153 per share on Monday, September 30th. This represents a dividend yield of 4.3%. The ex-dividend date is Friday, September 13th.
Camping World has a dividend payout ratio of 14.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Camping World to earn $0.22 per share next year, which means the company may not be able to cover its $0.32 annual dividend with an expected future payout ratio of 145.5%.
CWH traded up $0.25 during trading on Wednesday, hitting $9.52. The stock had a trading volume of 37,963 shares, compared to its average volume of 949,592. The company has a market capitalization of $812.80 million, a PE ratio of 8.48 and a beta of 3.09. Camping World has a twelve month low of $7.12 and a twelve month high of $23.60. The company has a debt-to-equity ratio of 79.52, a quick ratio of 0.26 and a current ratio of 1.35. The stock has a 50 day simple moving average of $9.03 and a two-hundred day simple moving average of $11.91.
Several research analysts recently weighed in on the company. ValuEngine upgraded Camping World from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. cut Camping World from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $19.00 to $11.00 in a research note on Thursday, August 8th. Northcoast Research cut Camping World from a “buy” rating to a “neutral” rating in a research note on Thursday, August 15th. Robert W. Baird downgraded Camping World from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $18.00 to $12.00 in a report on Friday, July 26th. Finally, Monness Crespi & Hardt restated a “buy” rating and set a $14.00 price target (down previously from $19.00) on shares of Camping World in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. Camping World currently has a consensus rating of “Hold” and a consensus price target of $13.14.
In other news, CFO Melvin Flanigan bought 36,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was purchased at an average price of $8.25 per share, with a total value of $297,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 98,500 shares of the company’s stock, valued at approximately $812,625. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Abrams Capital Management, L.P bought 17,526 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were purchased at an average cost of $7.48 per share, with a total value of $131,094.48. The disclosure for this purchase can be found here. Insiders have bought 452,148 shares of company stock worth $3,506,492 over the last three months. Corporate insiders own 49.40% of the company’s stock.
About Camping World
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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