Zacks reports that Camping World Holdings, Inc. (NYSE:CWH), a publicly traded company, announced Nov. 21 that it would implement a quarterly dividend. Dividends of 0.625 cents per share will be paid Thursday, December 29 to shareholders whose filings are filed on or before the preceding Wednesday, December 14. This translates into a dividend payment of $2.50 per year and a yield of 9.16%. The date which constitutes the ex-dividend date for this dividend is December 13th.
Over the past three years, Camping World has fulfilled its commitment to its shareholders by increasing the dividend it pays annually by an average of 34.2%. Profits adequately cover the dividend based on Camping World’s payout ratio of 67.9%, indicating the company is doing well enough to pay dividends. However, with a potential payout ratio of 105.5%, analysts expect Camping World to earn $2.37 per share in 2019, indicating that the company may not be able to finance Camping World’s annual dividend payment. $2.50 if he maintains his current payout ratio.
On Tuesday, CWH began trading at $27.29 a share. The stock has a P/E ratio of 6.01 and a beta value of 2.60. The market capitalization of the company is $2.28 billion. The debt to equity ratio is 4.40, the current assets to current liabilities ratio is 1.42, and the fast assets to current liabilities ratio is 0.25. The company’s moving average for the past fifty days is $26.93 and its 200 day moving average is $27.07. Camping World’s stock price ranged from $20.85 to $46.77 over the past year.
Camping World’s (NYSE: CWH) most recent quarterly earnings report was released on November 1. The company reported net income of $0.93 per share during the third quarter, which was $0.19 less than the consensus expectation of $1.12 provided by industry analysts. The return on equity for Camping World was 65.79% and the net margin for the company was 2.79%. Revenue for the quarter was $1.86 billion, which is significantly higher than the average analyst expectation of $1.82 billion. According to the results of stock research analysts, Camping World will have $3.94 per share in 2018.
Several analysts conducting stock analysis have provided recent commentary on the stock. JPMorgan Chase & Co. lowered its price target on Camping World stock from $46.00 to $37.00 and gave the company an “overweight” rating in a report released Thursday, Nov. 3. A research note published by StockNews.com on Oct. 12 marked the beginning of that website’s coverage of shares issued by Camping World. They recommended that investors “hold” the shares. Raymond James lowered the price target for Camping World from $36.00 to $20.00 and rated the company “outperform” in a research note released on Thursday, Nov. 3. Truist Financial lowered its price target on Camping World from $30.00 to $25.00 and gave the stock a “hold” in a research note released on Friday, Sept. 23. The report has been released.
Last but not least, in a research study released on Friday 12th August, TheStreet improved Camping World from a ‘c+’ rating to a ‘b-‘ rating. Additionally, five stock research analysts advise investors to keep the stock in their portfolios, while only three say they should buy it. According to Bloomberg, the consensus recommendation for Camping World’s stock is “Hold,” the price target is set at $32.83 per share.
In other information regarding Camping World, Chief Financial Officer Karin L. Bell sold 16,953 shares of the company on Friday, Sept. 16. The company’s chief financial officer currently holds 105,898 shares of the company, valued at approximately $3,185,411.84. You can learn more about the transaction by following the link in the previous sentence, which takes you to a filing filed with the Securities and Exchange Commission. 47.50% of the company’s shares are privately held.
Institutional investors and hedge funds have recently been active in the company’s stock market, buying and selling stock. During the third quarter, Balyasny Asset Management LLC increased its existing stake in Camping World by 173.7%. Following the acquisition of 31,910 additional shares in the relevant time period, Balyasny Asset Management LLC now holds a total of 50,277 shares of the company, which are valued at $1,273,000. Additionally, Mercer Global Advisors Inc. (ADV) added 12.9% more shares to its existing position in Camping World during the third quarter. Mercer Global Advisors, Inc. increased its holdings during the recent quarter by purchasing an additional 1,945 shares. As a result, ADV now owns 17,055 shares of the company’s stock, which are valued at $432,000, $432,000, $432,000, $432,000, $432,000, $432,000, $432,000, $432,000, $432,000, $432,000, $432,000, $432,000, $432,000, $432,000, $432,000, $432,000, $432,000, $432,000, The Camping World’s holdings managed by Vanguard Group Inc. increased 0.8% during the third quarter. Vanguard Group Inc. now owns 3,485,467 shares of the company, valued at $88,251,000 following the acquisition of an additional 28,282 shares during the reporting period. During the third quarter, Price T. Rowe Associates Inc. (MD) increased its percentage of Camping World shares by 35.4%. Following the acquisition of an additional 3,561 shares during the reporting period, Price T. Rowe Associates Inc., MD, now owns 13,632 shares of the company, valued at $346,000. Last but not least, during the third quarter, Ensign Peak Advisors Inc. purchased a new location in Camping World valued at approximately $70,000. Institutional investors and hedge funds own 38.15% of the company’s shares.
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