Camping World (NYSE:CWH) Shares Gap Up After Dividend Announcement

Camping World Holdings, Inc. (NYSE:CWH – Get Rating) shares gapped up before the market opened on Wednesday after the company announced a dividend. The stock had previously closed at $26.32, but opened at $27.17. Camping World shares last traded at $27.27, with a volume of 513,054 shares.

The newly announced dividend which will be paid on Thursday, June 29th. Stockholders of record on Wednesday, June 14th will be issued a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 9.31%. The ex-dividend date of this dividend is Tuesday, June 13th. Camping World’s payout ratio is currently 111.61%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. StockNews.com assumed coverage on Camping World in a report on Thursday, May 18th. They issued a “hold” rating on the stock. KeyCorp started coverage on shares of Camping World in a research report on Wednesday, April 19th. They issued an “overweight” rating and a $25.00 price objective for the company. BMO Capital Markets upgraded shares of Camping World from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $26.00 to $35.00 in a research report on Wednesday. TheStreet cut shares of Camping World from a “b-” rating to a “c” rating in a research report on Tuesday, February 21st. Finally, Stephens restated an “overweight” rating and issued a $31.00 price objective on shares of Camping World in a research report on Wednesday, February 22nd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $30.86.

Camping World Stock Down 2.2 %

The firm’s 50-day simple moving average is $22.49 and its 200 day simple moving average is $23.89. The company has a market cap of $2.25 billion, a P/E ratio of 11.99 and a beta of 2.55. The company has a debt-to-equity ratio of 7.30, a quick ratio of 0.21 and a current ratio of 1.39.

Camping World (NYSE:CWH – Get Rating) last issued its earnings results on Tuesday, May 2nd. The company reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.13) by $0.22. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Camping World had a net margin of 1.40% and a return on equity of 41.01%. On average, research analysts forecast that Camping World Holdings, Inc. will post 1.14 earnings per share for the current fiscal year.

Institutional Trading of Camping World

Large investors have recently made changes to their positions in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Camping World in the 2nd quarter valued at $28,000. Bogart Wealth LLC increased its position in shares of Camping World by 50.0% in the 1st quarter. Bogart Wealth LLC now owns 1,500 shares of the company’s stock valued at $31,000 after buying an additional 500 shares in the last quarter. Ensign Peak Advisors Inc acquired a new position in Camping World in the 3rd quarter worth $70,000. U.S. Capital Wealth Advisors LLC acquired a new position in Camping World in the 4th quarter worth $105,000. Finally, Advisory Services Network LLC boosted its stake in Camping World by 46.6% in the 1st quarter. Advisory Services Network LLC now owns 6,246 shares of the company’s stock worth $130,000 after purchasing an additional 1,985 shares during the period. Institutional investors own 36.92% of the company’s stock.

About Camping World

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Camping World Holdings, Inc operates as a retailer of recreational vehicles (RV) and related products and services. It operates through the following segments: Good Sam Services & Plans, and RV & Outdoor Retail. The Good Sam Services & Plans segment consists of programs, plans, and services that are geared towards protecting, insuring, and promoting the RV lifestyle.