Camping World Holdings Inc (NYSE:CWH) declared a None dividend on Thursday, August 29th, NASDAQ reports. Shareholders of record on Monday, September 16th will be paid a dividend of 0.153 per share on Monday, September 30th. This represents a yield of 4.3%. The ex-dividend date is Friday, September 13th.
Camping World has a dividend payout ratio of 14.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Camping World to earn $0.22 per share next year, which means the company may not be able to cover its $0.32 annual dividend with an expected future payout ratio of 145.5%.
Shares of Camping World stock traded up $0.29 on Wednesday, reaching $9.56. The company’s stock had a trading volume of 42,570 shares, compared to its average volume of 949,592. The company has a market capitalization of $812.80 million, a P/E ratio of 8.54 and a beta of 3.09. Camping World has a 52-week low of $7.12 and a 52-week high of $23.60. The stock has a 50-day moving average price of $9.03 and a 200-day moving average price of $11.91. The company has a quick ratio of 0.26, a current ratio of 1.35 and a debt-to-equity ratio of 79.52.
In related news, Director Andris A. Baltins purchased 20,000 shares of Camping World stock in a transaction dated Monday, August 12th. The shares were acquired at an average price of $9.02 per share, for a total transaction of $180,400.00. Following the acquisition, the director now directly owns 44,204 shares in the company, valued at $398,720.08. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CFO Melvin Flanigan purchased 36,000 shares of Camping World stock in a transaction dated Wednesday, August 14th. The shares were bought at an average price of $8.25 per share, for a total transaction of $297,000.00. Following the acquisition, the chief financial officer now owns 98,500 shares in the company, valued at $812,625. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 452,148 shares of company stock valued at $3,506,492. 49.40% of the stock is owned by company insiders.
Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. cut Camping World from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $19.00 to $11.00 in a report on Thursday, August 8th. Bank of America decreased their target price on Camping World from $10.00 to $7.00 and set an “underperform” rating on the stock in a research report on Wednesday, September 4th. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $14.00 price target (down from $19.00) on shares of Camping World in a research note on Thursday, August 8th. ValuEngine upgraded Camping World from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, BMO Capital Markets reduced their price objective on Camping World from $11.00 to $9.00 and set a “market perform” rating for the company in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $13.14.
Camping World Company Profile
Camping World Holdings, Inc, through its subsidiaries, operates as an outdoor and camping retailer. The company operates through three segments: Consumer Services and Plans, Dealership, and Retail. It provides a portfolio of services, protection plans, products, and resources for recreational vehicle (RV) owners and camping enthusiasts.
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