Camping World Holdings, Inc. (CWH) to Issue Quarterly Dividend of $0.13 on June 27th

Camping World Holdings, Inc. (NYSE:CWHGet Free Report) declared a quarterly dividend on Wednesday, May 15th, NASDAQ reports. Stockholders of record on Thursday, June 13th will be given a dividend of 0.125 per share on Thursday, June 27th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date is Thursday, June 13th.

Camping World has increased its dividend by an average of 64.0% annually over the last three years. Camping World has a dividend payout ratio of 26.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Camping World to earn $1.50 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 33.3%.

Camping World Price Performance

Camping World stock opened at $18.99 on Tuesday. Camping World has a twelve month low of $16.18 and a twelve month high of $32.88. The firm has a 50 day moving average price of $21.61 and a 200-day moving average price of $24.13. The company has a debt-to-equity ratio of 11.24, a current ratio of 1.19 and a quick ratio of 0.17.

Camping World (NYSE:CWHGet Free Report) last released its earnings results on Wednesday, May 1st. The company reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.01). Camping World had a net margin of 0.09% and a negative return on equity of 2.39%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.43 billion. On average, sell-side analysts predict that Camping World will post 0.83 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CWH shares. Truist Financial reduced their target price on shares of Camping World from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. StockNews.com downgraded shares of Camping World from a “hold” rating to a “sell” rating in a report on Friday, May 10th. Roth Mkm reissued a “buy” rating and issued a $28.00 price target (down from $30.00) on shares of Camping World in a report on Friday, May 3rd. Finally, KeyCorp lowered their price objective on shares of Camping World from $30.00 to $26.00 and set an “overweight” rating on the stock in a research report on Friday, May 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Camping World has a consensus rating of “Moderate Buy” and an average price target of $29.67.

Check Out Our Latest Stock Analysis on CWH

Insiders Place Their Bets

In related news, CEO Marcus Lemonis sold 100,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $25.63, for a total transaction of $2,563,000.00. Following the completion of the transaction, the chief executive officer now owns 405,268 shares in the company, valued at $10,387,018.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 43.80% of the company’s stock.

Camping World Company Profile

(Get Free Report)

Camping World Holdings, Inc, together its subsidiaries, retails recreational vehicles (RVs), and related products and services in the United States. It operates in two segments, Good Sam Services and Plans; and RV and Outdoor Retail. The company provides a portfolio of services, protection plans, products, and resources in the RV industry.

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Dividend History for Camping World (NYSE:CWH)

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