Camping World Holdings Inc (CWH) Plans $0.08 Quarterly Dividend
Camping World Holdings Inc (NYSE:CWH) declared a quarterly dividend on Monday, December 4th, Wall Street Journal reports. Shareholders of record on Friday, December 15th will be paid a dividend of 0.08 per share on Friday, December 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Thursday, December 14th.
Camping World has decreased its dividend payment by an average of 56.9% annually over the last three years. Camping World has a dividend payout ratio of 14.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Camping World to earn $2.40 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 13.3%.
Shares of Camping World (NYSE CWH) traded down $0.71 on Monday, reaching $45.65. The company’s stock had a trading volume of 577,000 shares, compared to its average volume of 479,750. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.29 and a current ratio of 1.29. Camping World has a 12-month low of $26.30 and a 12-month high of $47.35. The company has a market capitalization of $4,020.00 and a PE ratio of 21.43.
In other Camping World news, CFO Thomas F. Wolfe sold 17,529 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $37.32, for a total value of $654,182.28. Following the sale, the chief financial officer now owns 62,529 shares in the company, valued at approximately $2,333,582.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Marcus Lemonis sold 100,695 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $40.50, for a total value of $4,078,147.50. The disclosure for this sale can be found here. Insiders sold a total of 8,239,274 shares of company stock worth $332,471,945 in the last 90 days. Company insiders own 66.60% of the company’s stock.
Several research firms have recently weighed in on CWH. Forward View upgraded Camping World from a “hold” rating to a “buy” rating in a report on Monday, August 14th. Monness Crespi & Hardt began coverage on Camping World in a report on Monday, August 7th. They set a “buy” rating and a $40.00 price objective on the stock. Robert W. Baird reiterated a “buy” rating on shares of Camping World in a report on Thursday, September 21st. ValuEngine cut Camping World from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $53.00 price objective (up previously from $40.00) on shares of Camping World in a report on Monday, October 30th. Thirteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $44.11.
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Camping World Company Profile
Camping World Holdings, Inc is a provider of a portfolio of services, protection plans, products and resources for recreational vehicle (RV) enthusiasts. The Company operates through two segments: Consumer Services and Plans, and Retail. Within the Consumer Services and Plans segment, the Company derives revenue from the sale of the offerings, including emergency roadside assistance; property and casualty insurance programs; travel assist programs; extended vehicle service contracts; co branded credit cards; vehicle financing and refinancing; club memberships, and publications and directories.
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