Zacks reports that Camping World Holdings, Inc. (NYSE: CWH), a public company, announced on November 21st that it would introduce a quarterly dividend. Dividends of 0.625 cents per share would be paid on Thursday, December 29 to shareholders whose filings were filed up to the previous Wednesday, December 14. That equates to a dividend payment of $2.50 per year and a yield of 9.16%. The ex-dividend date for this dividend is December 13th.
Over the past three years, Camping World has honored its commitment to its shareholders by increasing the annual dividend paid by an average of 34.2%. Earnings cover the dividend, according to Camping World’s payout ratio of 67.9%, which suggests the company is doing well enough to pay dividends. However, with a projected payout ratio of 105.5%, analysts expect Camping World to earn $2.37 per share in 2019, suggesting the company may not be able to meet its $2 annual dividend payment $.50 if it maintains its current payout ratio.
On Tuesday, CWH started trading at $27.29 per share. The stock has a P/E of 6.01 and a beta of 2.60. The company’s market capitalization is $2.28 billion. The debt to equity ratio is 4.40, the current assets to current liabilities ratio is 1.42 and the quick assets to current liabilities ratio is 0.25. The fifty-day moving average for the company is $26.93 and the 200-day moving average is $27.07. Camping World’s stock price has ranged from $20.85 to $46.77 over the past year.
The most recent quarterly report for Camping World (NYSE:CWH) was released on November 1st. The company posted net income of $0.93 per share for the third quarter, which was $0.19 lower than the consensus expectation of $1.12 that industry analysts had given. Camping World’s return on equity was 65.79% and the company’s net margin was 2.79%. Revenue for the quarter was $1.86 billion, significantly higher than the average analyst expectation of $1.82 billion. According to the results of Equity Research analysts, Camping World will be $3.94 per share in 2018.
Several analysts who research stocks have recently commented on the stock. JPMorgan Chase & Co. lowered its target price on Camping World shares to $37.00 from $46.00 and gave the company an overweight rating in a report published Thursday, November 3. A research note published by StockNews.com on October 12 marked the beginning of this site’s coverage of Camping World stock. They recommended that investors hold on to the stocks. Raymond James lowered his price target on Camping World to $20.00 from $36.00 and gave the company an outperform rating in a research note published on Thursday, November 3rd. Hold” rating in a research note published on Friday, September 23. The report has been published.
Last but not least, TheStreet upgraded Camping World from a rating of ‘c+’ to a rating of ‘b-‘ in a research study published on Friday 12th August. Additionally, five equities research analysts advise investors to hold the stock in their portfolios, while only three say to buy it. According to Bloomberg, the consensus recommendation for Camping World stock is Hold. The target price is $32.83 per share.
In other information on Camping World, Chief Financial Officer Karin L. Bell sold 16,953 shares of the company’s stock on Friday, September 16. At an average price of $30.08 per share, the stock could fetch a total of $509,946.24 if sold. The company’s chief financial officer currently holds 105,898 shares of the company’s stock valued at approximately $3,185,411.84. You can learn more about the transaction by following the link in the previous sentence, which will take you to a document 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 shares. During the third quarter, Balyasny Asset Management LLC increased its investment already held in Camping World by 173.7%. Having acquired an additional 31,910 shares during the period in question, Balyasny Asset Management LLC now holds a total of 50,277 shares of the Company, 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 by purchasing an additional 1,945 shares last quarter. As a result, ADV now has 17,055 shares of the company, which has a value of $ 432,000, $ 432,000, $ 432,000, $ 432,000, $ 432,000, $ 432,000 $ 432,000, $ 432,000, $ 432,000 USD, $ 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, have own. $432K, $432K, Camping World holdings managed by Vanguard Group Inc. rose 0.8% in the third quarter. Vanguard Group Inc. now owns 3,485,467 shares of the Company’s shares valued at $88,251,000 after acquiring an additional 28,282 shares during the period in question. During the third quarter, Price T. Rowe Associates Inc. (MD) increased its stake in Camping World by 35.4%. As a result of the purchase of 3,561 additional shares during the period in question, Price T. Rowe Associates Inc., MD now holds 13,632 shares of the Company’s stock valued at $346,000. Finally, during the third quarter, Ensign Peak Advisors Inc. acquired a new position in Camping World valued at around $70,000. Institutional investors and hedge funds own 38.15% of the company’s shares.