Camping World Holdings Inc (NYSE:CWH) announced a quarterly dividend on Friday, May 31st, NASDAQ reports. Stockholders of record on Friday, June 14th will be paid a dividend of 0.08 per share on Friday, June 28th. This represents a $0.32 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Thursday, June 13th.
Camping World has a dividend payout ratio of 14.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Camping World to earn $1.07 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 29.9%.
Shares of CWH traded up $0.04 during midday trading on Wednesday, hitting $12.37. 1,631 shares of the company’s stock traded hands, compared to its average volume of 927,093. Camping World has a 1 year low of $10.12 and a 1 year high of $27.17. The company has a current ratio of 1.35, a quick ratio of 0.22 and a debt-to-equity ratio of 264.05. The firm has a market cap of $1.10 billion, a PE ratio of 11.06 and a beta of 2.87.
CWH has been the subject of several analyst reports. Citigroup set a $16.00 price objective on Camping World and gave the company a “buy” rating in a report on Friday, March 22nd. Jefferies Financial Group initiated coverage on Camping World in a report on Thursday, March 28th. They set a “hold” rating and a $15.00 price objective for the company. Credit Suisse Group decreased their price objective on Camping World from $18.50 to $17.00 and set a “neutral” rating for the company in a report on Friday, March 8th. Goldman Sachs Group lowered Camping World from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $28.00 to $15.00 in a report on Tuesday, March 19th. Finally, Zacks Investment Research upgraded Camping World from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 12th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. Camping World currently has a consensus rating of “Hold” and an average price target of $20.12.
In other news, major shareholder Abrams Capital Management, L.P purchased 44,468 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was purchased at an average cost of $11.04 per share, with a total value of $490,926.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Marcus Lemonis purchased 99,094 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were purchased at an average cost of $13.27 per share, with a total value of $1,314,977.38. The disclosure for this purchase can be found here. Insiders bought 1,926,450 shares of company stock valued at $23,606,522 over the last ninety days. Corporate insiders own 49.40% of the company’s stock.
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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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