Camping World (NYSE:CWH) Shares Gap Up After Dividend Announcement

Camping World Holdings, Inc. (NYSE:CWH – Get Rating)’s stock price gapped up prior to trading on Wednesday following a dividend announcement from the company. The stock had previously closed at $26.32, but opened at $27.17. Camping World shares last traded at $27.27, with a volume of 513,054 shares.

The newly announced dividend which will be paid on Thursday, June 29th. Stockholders of record on Wednesday, June 14th will be paid a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 9.31%. The ex-dividend date is Tuesday, June 13th. Camping World’s dividend payout ratio is presently 111.61%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CWH shares. TheStreet lowered Camping World from a “b-” rating to a “c” rating in a research note on Tuesday, February 21st. Raymond James decreased their target price on Camping World from $28.00 to $27.00 in a research report on Thursday, May 4th. StockNews.com began coverage on Camping World in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Stephens reaffirmed an “overweight” rating and issued a $31.00 target price on shares of Camping World in a research report on Wednesday, February 22nd. Finally, BMO Capital Markets raised Camping World from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $26.00 to $35.00 in a research report on Wednesday. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Camping World currently has a consensus rating of “Moderate Buy” and an average target price of $30.86.

Camping World Trading Down 2.2 %

The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 11.99 and a beta of 2.55. The company has a quick ratio of 0.21, a current ratio of 1.39 and a debt-to-equity ratio of 7.30. The business has a 50-day moving average of $22.49 and a 200-day moving average of $23.89.

Camping World (NYSE:CWH – Get Rating) last posted its earnings results on Tuesday, May 2nd. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.22. Camping World had a return on equity of 41.01% and a net margin of 1.40%. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. As a group, research analysts forecast that Camping World Holdings, Inc. will post 1.14 earnings per share for the current year.

Hedge Funds Weigh In On Camping World

Several institutional investors have recently bought and sold shares of CWH. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in Camping World during the second quarter valued at about $28,000. Bogart Wealth LLC increased its stake in shares of Camping World by 50.0% in the first quarter. Bogart Wealth LLC now owns 1,500 shares of the company’s stock worth $31,000 after purchasing an additional 500 shares during the period. Ensign Peak Advisors Inc bought a new position in shares of Camping World in the third quarter worth about $70,000. U.S. Capital Wealth Advisors LLC bought a new position in shares of Camping World in the fourth quarter worth about $105,000. Finally, Advisory Services Network LLC increased its stake in shares of Camping World by 46.6% in the first quarter. Advisory Services Network LLC now owns 6,246 shares of the company’s stock worth $130,000 after purchasing an additional 1,985 shares during the period. 36.92% of the stock is currently owned by institutional investors.

About Camping World

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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.