Teacher Retirement System of Texas Invests $394,000 in Camping World (NYSE:CWH)

Teacher Retirement System of Texas purchased a new position in shares of Camping World (NYSE:CWH) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 24,402 shares of the company’s stock, valued at approximately $394,000.

Several other large investors also recently made changes to their positions in CWH. Charles Schwab Investment Management Inc. boosted its stake in Camping World by 26.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 827,823 shares of the company’s stock valued at $17,451,000 after purchasing an additional 175,554 shares during the period. Proficio Capital Partners LLC bought a new position in Camping World in the fourth quarter worth $239,000. Raymond James Financial Inc. bought a new position in shares of Camping World during the 4th quarter worth approximately $1,465,000. Swiss National Bank lifted its position in shares of Camping World by 33.8% during the 4th quarter. Swiss National Bank now owns 111,700 shares of the company’s stock worth $2,355,000 after buying an additional 28,200 shares during the period. Finally, Intech Investment Management LLC lifted its position in shares of Camping World by 94.9% during the 4th quarter. Intech Investment Management LLC now owns 21,022 shares of the company’s stock worth $443,000 after buying an additional 10,238 shares during the period. Institutional investors own 52.54% of the company’s stock.

Camping World Stock Down 2.1%

Shares of CWH opened at $17.12 on Friday. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of -37.22 and a beta of 1.86. The company has a debt-to-equity ratio of 3.53, a quick ratio of 0.19 and a current ratio of 1.26. Camping World has a 52 week low of $11.17 and a 52 week high of $25.97. The stock has a fifty day moving average of $17.53 and a 200-day moving average of $18.01.

Camping World (NYSE:CWH) last announced its earnings results on Tuesday, April 29th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.07. Camping World had a negative return on equity of 8.66% and a negative net margin of 0.47%. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the company earned ($0.40) EPS. Camping World’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Camping World will post -0.66 earnings per share for the current fiscal year.

Camping World Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend was Friday, June 13th. Camping World’s dividend payout ratio is currently -108.70%.

Analyst Ratings Changes

CWH has been the subject of a number of recent analyst reports. KeyCorp reaffirmed an “overweight” rating and set a $18.00 price target (up from $16.00) on shares of Camping World in a report on Friday, May 23rd. JPMorgan Chase & Co. raised Camping World from a “neutral” rating to an “overweight” rating and lowered their target price for the company from $23.00 to $21.00 in a research note on Thursday, May 1st. Monness Crespi & Hardt reduced their price target on Camping World from $30.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Robert W. Baird reduced their price target on Camping World from $18.00 to $15.00 and set a “neutral” rating on the stock in a research report on Thursday, May 1st. Finally, Baird R W lowered Camping World from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.44.

Camping World 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.