Camping World Holdings Inc. (CWH) Insider Brent L. Moody Sells 50,300 Shares
Camping World Holdings Inc. (NYSE:CWH) insider Brent L. Moody sold 50,300 shares of the firm’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $38.05, for a total value of $1,913,915.00. Following the completion of the sale, the insider now directly owns 81,464 shares in the company, valued at approximately $3,099,705.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of Camping World Holdings Inc. (NYSE:CWH) traded up 0.80% on Thursday, reaching $37.67. The company had a trading volume of 130,763 shares. Camping World Holdings Inc. has a one year low of $20.45 and a one year high of $39.54. The company’s 50-day moving average is $38.82 and its 200-day moving average is $38.82. The company’s market capitalization is $1.11 billion.
Camping World Holdings (NYSE:CWH) last posted its quarterly earnings results on Thursday, August 10th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the business posted $0.65 earnings per share. The company’s revenue was up 20.1% on a year-over-year basis. Equities research analysts predict that Camping World Holdings Inc. will post $2.12 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.32 annualized dividend and a yield of 0.86%. Camping World Holdings’s payout ratio is 14.29%.
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A number of equities research analysts have weighed in on CWH shares. ValuEngine raised Camping World Holdings from a “hold” rating to a “buy” rating in a report on Thursday, May 25th. Wells Fargo & Company upgraded Camping World Holdings from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a research note on Tuesday, May 30th. Credit Suisse Group reiterated an “outperform” rating and issued a $36.00 price target on shares of Camping World Holdings in a research note on Friday, June 2nd. Goldman Sachs Group, Inc. (The) upgraded Camping World Holdings from a “neutral” rating to a “buy” rating and increased their price target for the company from $30.00 to $34.00 in a research note on Friday, June 9th. Finally, Bank of America Corporation reiterated a “buy” rating on shares of Camping World Holdings in a research note on Monday, June 12th. Thirteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $36.96.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Koch Industries Inc. bought a new position in shares of Camping World Holdings during the first quarter valued at about $249,000. Federated Investors Inc. PA raised its stake in shares of Camping World Holdings by 46.7% during the second quarter. Federated Investors Inc. PA now owns 293,400 shares of the company’s stock valued at $9,051,000 after acquiring an additional 93,400 shares during the last quarter. Highbridge Capital Management LLC bought a new position in shares of Camping World Holdings during the first quarter valued at about $2,660,000. Marshall Wace North America L.P. bought a new position in shares of Camping World Holdings during the second quarter valued at about $17,892,000. Finally, Bank of America Corp DE raised its stake in shares of Camping World Holdings by 119.9% during the first quarter. Bank of America Corp DE now owns 246,254 shares of the company’s stock valued at $7,939,000 after acquiring an additional 134,285 shares during the last quarter. Institutional investors and hedge funds own 31.53% of the company’s stock.
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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