Hsbc Holdings PLC Acquires Shares of 27,756 Camping World Holdings, Inc. (NYSE:CWH)

Hsbc Holdings PLC bought a new position in Camping World Holdings, Inc. (NYSE:CWH) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 27,756 shares of the company’s stock, valued at approximately $584,000.

Several other large investors have also recently modified their holdings of the stock. Barclays PLC boosted its stake in Camping World by 96.9% during the third quarter. Barclays PLC now owns 317,052 shares of the company’s stock worth $7,678,000 after buying an additional 156,055 shares during the period. World Investment Advisors LLC bought a new position in Camping World during the 3rd quarter valued at about $258,000. JPMorgan Chase & Co. grew its holdings in Camping World by 611.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 292,888 shares of the company’s stock valued at $7,094,000 after purchasing an additional 251,748 shares during the last quarter. Blue Trust Inc. raised its position in Camping World by 195.0% in the 4th quarter. Blue Trust Inc. now owns 1,534 shares of the company’s stock worth $32,000 after purchasing an additional 1,014 shares during the period. Finally, Econ Financial Services Corp purchased a new position in shares of Camping World during the fourth quarter valued at approximately $1,070,000. Institutional investors own 52.54% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CWH. Baird R W lowered Camping World from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. KeyCorp lowered their target price on shares of Camping World from $22.00 to $16.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. JPMorgan Chase & Co. raised shares of Camping World from a “neutral” rating to an “overweight” rating and reduced their price target for the stock from $23.00 to $21.00 in a research note on Thursday, May 1st. Truist Financial lowered their price objective on shares of Camping World from $28.00 to $16.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, Robert W. Baird reduced their target price on shares of Camping World from $18.00 to $15.00 and set a “neutral” rating on the stock in a research report on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Camping World has an average rating of “Moderate Buy” and an average price target of $21.63.

Camping World Price Performance

NYSE CWH opened at $13.88 on Wednesday. The company has a market cap of $1.42 billion, a PE ratio of -20.11, a P/E/G ratio of 0.92 and a beta of 2.13. The firm’s 50 day moving average price is $15.02 and its 200-day moving average price is $19.89. 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 Holdings, Inc. has a 52-week low of $11.17 and a 52-week high of $25.97.

Camping World (NYSE:CWH) last released its quarterly earnings results on Tuesday, April 29th. The company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.07. Camping World had a negative return on equity of 23.77% and a negative net margin of 0.40%. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the company posted ($0.40) EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. Sell-side analysts forecast that Camping World Holdings, Inc. will post -0.66 EPS for the current fiscal year.

Camping World Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend was Friday, March 14th. Camping World’s dividend payout ratio is currently -108.70%.

Insider Buying and Selling

In other Camping World news, President Matthew D. Wagner bought 5,725 shares of Camping World stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average cost of $17.61 per share, with a total value of $100,817.25. Following the transaction, the president now directly owns 300,640 shares of the company’s stock, valued at approximately $5,294,270.40. This represents a 1.94 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 35.60% of the stock is currently owned by company insiders.

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.