Camping World (NYSE:CWH) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers boosted its stake in shares of Camping World (NYSE:CWH) by 11.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,845 shares of the company’s stock after purchasing an additional 7,978 shares during the quarter. Rhumbline Advisers owned approximately 0.08% of Camping World worth $1,274,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Camping World by 39.2% during the fourth quarter. Vanguard Group Inc. now owns 5,787,609 shares of the company’s stock worth $122,003,000 after buying an additional 1,630,307 shares during the period. Eminence Capital LP raised its stake in Camping World by 6.9% during the 4th quarter. Eminence Capital LP now owns 4,110,205 shares of the company’s stock valued at $86,643,000 after acquiring an additional 264,935 shares in the last quarter. Capital Research Global Investors raised its stake in Camping World by 39.8% during the 4th quarter. Capital Research Global Investors now owns 3,422,710 shares of the company’s stock valued at $72,151,000 after acquiring an additional 975,168 shares in the last quarter. Hood River Capital Management LLC acquired a new position in Camping World during the 4th quarter worth $62,142,000. Finally, Interval Partners LP grew its stake in shares of Camping World by 71.8% in the fourth quarter. Interval Partners LP now owns 2,875,845 shares of the company’s stock worth $60,623,000 after purchasing an additional 1,202,258 shares in the last quarter. 52.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Robert W. Baird cut their price objective on shares of Camping World from $18.00 to $15.00 and set a “neutral” rating on the stock in a research note on Thursday, May 1st. Monness Crespi & Hardt dropped their price target on shares of Camping World from $30.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Truist Financial upped their price target on shares of Camping World from $16.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, June 3rd. JPMorgan Chase & Co. upgraded shares of Camping World from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $23.00 to $21.00 in a research note on Thursday, May 1st. Finally, KeyCorp restated an “overweight” rating and issued a $18.00 target price (up from $16.00) on shares of Camping World in a research report on Friday, May 23rd. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $22.44.

Camping World Stock Down 1.6%

CWH stock opened at $17.91 on Friday. The company has a debt-to-equity ratio of 3.53, a current ratio of 1.26 and a quick ratio of 0.19. The firm has a market cap of $1.83 billion, a PE ratio of -38.94 and a beta of 1.88. Camping World has a 12 month low of $11.17 and a 12 month high of $25.97. The firm has a 50 day simple moving average of $15.50 and a 200 day simple moving average of $18.61.

Camping World (NYSE:CWH) last announced its quarterly earnings data on Tuesday, April 29th. The company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.07. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. Camping World had a negative return on equity of 8.66% and a negative net margin of 0.47%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.40) EPS. Equities research analysts forecast that Camping World will post -0.66 earnings per share for the current fiscal year.

Camping World Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Friday, June 13th. Camping World’s dividend payout ratio is -108.70%.

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.