Camping World Holdings Inc. (CWH) Hits New 12-Month High at $38.13
Camping World Holdings Inc. (NYSE:CWH) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $38.13 and last traded at $38.18, with a volume of 482,204 shares traded. The stock had previously closed at $37.00.
Several research firms have issued reports on CWH. BMO Capital Markets increased their target price on Camping World Holdings from $36.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, August 14th. Zacks Investment Research upgraded Camping World Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. ValuEngine upgraded Camping World Holdings from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Bank of America Corporation reiterated a “buy” rating on shares of Camping World Holdings in a research report on Monday, June 12th. Finally, Goldman Sachs Group, Inc. (The) upgraded Camping World Holdings from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $30.00 to $34.00 in a research report on Friday, June 9th. Thirteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $36.62.
The firm’s market capitalization is $1.13 billion. The stock’s 50-day moving average is $33.89 and its 200-day moving average is $31.53.
Camping World Holdings (NYSE:CWH) last posted its earnings results on Thursday, August 10th. The company reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.15. Camping World Holdings had a net margin of 2.51% and a negative return on equity of 319.74%. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the company posted $0.65 earnings per share. Camping World Holdings’s revenue for the quarter was up 20.1% compared to the same quarter last year. Equities research analysts predict that Camping World Holdings Inc. will post $2.08 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.83%. Camping World Holdings’s payout ratio is 14.29%.
In other Camping World Holdings news, CFO Thomas F. Wolfe sold 4,179 shares of the firm’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $32.01, for a total value of $133,769.79. Following the completion of the transaction, the chief financial officer now owns 49,179 shares of the company’s stock, valued at $1,574,219.79. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Thomas F. Wolfe sold 42,854 shares of the firm’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $32.16, for a total transaction of $1,378,184.64. Following the completion of the transaction, the chief financial officer now directly owns 78,974 shares of the company’s stock, valued at approximately $2,539,803.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,250,550 shares of company stock valued at $36,367,776. Corporate insiders own 66.60% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd purchased a new position in shares of Camping World Holdings during the second quarter worth $409,000. Sterling Capital Management LLC raised its holdings in shares of Camping World Holdings by 73.4% during the second quarter. Sterling Capital Management LLC now owns 46,893 shares of the company’s stock worth $1,447,000 after purchasing an additional 19,844 shares during the last quarter. Scotia Capital Inc. purchased a new position in shares of Camping World Holdings during the second quarter worth $273,000. The Manufacturers Life Insurance Company raised its holdings in shares of Camping World Holdings by 4.1% during the second quarter. The Manufacturers Life Insurance Company now owns 11,680 shares of the company’s stock worth $360,000 after purchasing an additional 463 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its holdings in shares of Camping World Holdings by 500.5% during the second quarter. Cubist Systematic Strategies LLC now owns 10,515 shares of the company’s stock worth $324,000 after purchasing an additional 8,764 shares during the last quarter. 92.27% of the stock is owned by hedge funds and other institutional investors.
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About Camping World Holdings
Camping World Holdings, Inc is a provider of a portfolio of services, protection plans, products and resources for recreational vehicle (RV) enthusiasts. The Company operates through two segments: Consumer Services and Plans, and Retail. Within the Consumer Services and Plans segment, the Company derives revenue from the sale of the offerings, including emergency roadside assistance; property and casualty insurance programs; travel assist programs; extended vehicle service contracts; co branded credit cards; vehicle financing and refinancing; club memberships, and publications and directories.
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