Wells Fargo & Company MN increased its stake in shares of Camping World Holdings Inc (NYSE:CWH) by 13.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 406,326 shares of the company’s stock after purchasing an additional 46,937 shares during the period. Wells Fargo & Company MN owned 0.47% of Camping World worth $18,176,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Eagle Asset Management Inc. lifted its holdings in Camping World by 4.5% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,147,173 shares of the company’s stock worth $45,886,000 after purchasing an additional 49,155 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Camping World by 0.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 269,493 shares of the company’s stock worth $10,980,000 after acquiring an additional 2,362 shares during the last quarter. State Street Corp increased its stake in Camping World by 24.6% in the 2nd quarter. State Street Corp now owns 354,492 shares of the company’s stock worth $10,937,000 after acquiring an additional 69,897 shares during the last quarter. Scott & Selber Inc. bought a new position in Camping World in the 3rd quarter worth about $1,404,000. Finally, California State Teachers Retirement System increased its stake in Camping World by 73.6% in the 3rd quarter. California State Teachers Retirement System now owns 37,662 shares of the company’s stock worth $1,534,000 after acquiring an additional 15,962 shares during the last quarter. 42.89% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Brent L. Moody sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $45.47, for a total transaction of $4,547,000.00. Following the transaction, the insider now directly owns 193,494 shares in the company, valued at approximately $8,798,172.18. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Roger L. Nuttall sold 33,555 shares of the firm’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $45.78, for a total value of $1,536,147.90. Following the transaction, the insider now owns 156,055 shares in the company, valued at $7,144,197.90. The disclosure for this sale can be found here. 66.60% of the stock is owned by company insiders.
Camping World (NYSE:CWH) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. Camping World had a positive return on equity of 88.85% and a negative net margin of 0.42%. The firm had revenue of $888.99 million for the quarter, compared to analyst estimates of $804.84 million. sell-side analysts anticipate that Camping World Holdings Inc will post 2.7 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, March 15th. This represents a $0.32 annualized dividend and a yield of 0.85%. Camping World’s payout ratio is -9.94%.
A number of equities analysts have weighed in on the company. ValuEngine upgraded Camping World from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 1st. KeyCorp set a $52.00 target price on Camping World and gave the stock a “buy” rating in a research note on Wednesday, February 28th. BMO Capital Markets upped their target price on Camping World from $53.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, March 1st. Credit Suisse Group set a $52.00 target price on Camping World and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Finally, Zacks Investment Research lowered Camping World from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Camping World has an average rating of “Buy” and a consensus price target of $49.38.
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Camping World 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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