Private Advisor Group LLC Sells 2,599 Shares of Camping World (NYSE:CWH)

Private Advisor Group LLC trimmed its stake in Camping World (NYSE:CWH) by 18.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,816 shares of the company’s stock after selling 2,599 shares during the period. Private Advisor Group LLC’s holdings in Camping World were worth $191,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CWH. American Century Companies Inc. boosted its stake in Camping World by 20.3% in the fourth quarter. American Century Companies Inc. now owns 91,342 shares of the company’s stock worth $1,925,000 after buying an additional 15,383 shares in the last quarter. Sei Investments Co. purchased a new stake in shares of Camping World during the fourth quarter valued at approximately $2,254,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Camping World during the fourth quarter valued at approximately $226,000. Vanguard Group Inc. lifted its stake in Camping World by 39.2% in the fourth quarter. Vanguard Group Inc. now owns 5,787,609 shares of the company’s stock worth $122,003,000 after acquiring an additional 1,630,307 shares during the period. Finally, Corebridge Financial Inc. lifted its stake in Camping World by 23.2% in the fourth quarter. Corebridge Financial Inc. now owns 27,902 shares of the company’s stock worth $588,000 after acquiring an additional 5,249 shares during the period. Hedge funds and other institutional investors own 52.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Monness Crespi & Hardt decreased their price objective on Camping World from $30.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Truist Financial increased their price objective on Camping World from $16.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, June 3rd. JPMorgan Chase & Co. upgraded Camping World from a “neutral” rating to an “overweight” rating and decreased their price objective for the stock from $23.00 to $21.00 in a report on Thursday, May 1st. Robert W. Baird decreased their price objective on Camping World from $18.00 to $15.00 and set a “neutral” rating for the company in a report on Thursday, May 1st. Finally, Citigroup restated a “buy” rating and set a $23.00 price target (up from $21.00) on shares of Camping World in a report on Monday, June 16th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.44.

Camping World Price Performance

Shares of NYSE:CWH opened at $13.91 on Friday. Camping World has a 1-year low of $11.17 and a 1-year high of $25.97. The business has a fifty day moving average price of $17.69 and a 200-day moving average price of $17.63. The company has a market capitalization of $1.42 billion, a PE ratio of -69.55 and a beta of 1.76. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.26 and a quick ratio of 0.19.

Camping World (NYSE:CWH) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). Camping World had a negative return on equity of 2.81% and a negative net margin of 0.13%. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the business posted $0.38 earnings per share. Camping World’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, equities analysts expect that Camping World will post -0.66 EPS for the current fiscal year.

Camping World Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.6%. The ex-dividend date was Friday, June 13th. Camping World’s dividend payout ratio (DPR) is presently -250.00%.

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.