Camping World Holdings, Inc. Declares Quarterly Dividend of $0.63 (NYSE:CWH)

Camping World Holdings, Inc. (NYSE:CWH – Get Rating) declared a quarterly dividend on Wednesday, May 24th, Zacks reports. Stockholders of record on Wednesday, June 14th will be given a dividend of 0.625 per share on Thursday, June 29th. This represents a $2.50 annualized dividend and a dividend yield of 9.31%. The ex-dividend date is Tuesday, June 13th.

Camping World has raised its dividend payment by an average of 98.4% annually over the last three years and has raised its dividend every year for the last 3 years. Camping World has a payout ratio of 108.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Camping World to earn $2.01 per share next year, which means the company may not be able to cover its $2.50 annual dividend with an expected future payout ratio of 124.4%.

Camping World Stock Down 2.2 %

CWH opened at $26.85 on Friday. Camping World has a 1 year low of $18.69 and a 1 year high of $33.99. The firm has a 50 day moving average price of $22.49 and a 200 day moving average price of $23.89. The company has a debt-to-equity ratio of 7.30, a quick ratio of 0.21 and a current ratio of 1.39. The company has a market cap of $2.25 billion, a PE ratio of 11.99 and a beta of 2.55.

Camping World (NYSE:CWH – Get Rating) last released its quarterly earnings data on Tuesday, May 2nd. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.22. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. Camping World had a net margin of 1.40% and a return on equity of 41.01%. Sell-side analysts expect that Camping World will post 1.14 earnings per share for the current year.

Institutional Investors Weigh In On Camping World

A number of institutional investors have recently modified their holdings of the stock. Bank of America Corp DE grew its stake in Camping World by 2,772.8% in the fourth quarter. Bank of America Corp DE now owns 1,306,362 shares of the company’s stock worth $29,158,000 after purchasing an additional 1,260,888 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Camping World by 114.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 65,584 shares of the company’s stock worth $1,416,000 after acquiring an additional 519,850 shares in the last quarter. Two Sigma Investments LP increased its holdings in shares of Camping World by 522.5% in the 1st quarter. Two Sigma Investments LP now owns 493,990 shares of the company’s stock valued at $10,310,000 after acquiring an additional 414,639 shares during the last quarter. Great West Life Assurance Co. Can raised its position in shares of Camping World by 12,962.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 369,786 shares of the company’s stock valued at $10,318,000 after acquiring an additional 366,955 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in Camping World by 822.8% during the first quarter. First Trust Advisors LP now owns 307,174 shares of the company’s stock worth $8,586,000 after purchasing an additional 273,888 shares during the last quarter. Institutional investors and hedge funds own 36.92% of the company’s stock.

Analyst Ratings Changes

CWH has been the subject of several analyst reports. BMO Capital Markets raised Camping World from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $26.00 to $35.00 in a research report on Wednesday. TheStreet downgraded shares of Camping World from a “b-” rating to a “c” rating in a research report on Tuesday, February 21st. StockNews.com assumed coverage on shares of Camping World in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Stephens reaffirmed an “overweight” rating and set a $31.00 price target on shares of Camping World in a report on Wednesday, February 22nd. Finally, Raymond James dropped their price target on shares of Camping World from $28.00 to $27.00 in a research note on Thursday, May 4th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $30.86.

Camping World Company Profile

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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.