According to Bloomberg, the nine analysts that cover Camping World Holdings, Inc. (NYSE: CWH) have assigned the company’s shares an average rating of “Hold.” Three of the equity research analysts have provided the company with a recommendation to buy, while the other four have provided a rating of “hold.” In addition, brokerages following the stock over the past year have an average price goal over the next 12 months set at $32.83. This price goal is for the stock to reach over the next year.
Several equity research professionals have published recent reports on the company’s shares. These reports can be located online and read by interested parties. For example, in a research report that was made public on November 3, Raymond James lowered their target price for Camping World from $36.00 to $30.00. Despite this change, Raymond James has continued recommending that investors “outperform” the stock. In addition, JPMorgan Chase & Co. lowered their price target for Camping World from $46.00 to $37.00 and downgraded the company from “overweight” to “neutral” in a research report that was made public on November 3. Finally, in a report published on Friday, September 23, Truist Financial lowered its “hold” rating for Camping World and lowered its price target from $30.00 to $25.00.
Additionally, they dropped their price target for the company by $5.00. After an interminable wait, StockNews.com finally started reporting on Camping World on Wednesday, October 12. They advised their clients to “hold” the stock moving forward.
The price of NYSE CWH futures contracts opened for trading on Thursday at $24.58. The stock’s fifty-day moving average and its 200-day moving average are each currently sitting at $26.75 and $26.85, respectively, as of right now. The price range for Camping World over a year goes from $20.85 to $41.70, with no prices falling in between. The company’s market capitalization is $2.05 billion, its price-to-earnings ratio is 5.41, and its beta is 2.55. 4.40 is the ratio of debt to equity, 0.25 is the ratio of the quick ratio to the current ratio, and 1.42 is the current ratio to the quick ratio.
On Tuesday, November 1, the most recent quarterly earnings report for Camping World, which is traded on the NYSE under the symbol “CWH,” was made public. The company reported $0.93 per share earnings for the quarter, which was $0.19 less than the average estimate of $1.12 per share floating around the internet. The return on equity and net margin for Camping World came in at 65.79% and 2.79%, respectively. These are the numbers that were reported. The revenue for the quarter came in at $1.86 billion, which was considerably higher than the consensus estimate of $1.82 billion from industry professionals. According to projections made by sell-side analysts, camping World is expected to have earnings of $3.73 per share in 2018.
In addition, the company disclosed that it would be implementing a quarterly dividend, which is scheduled to be paid out on December 29. On December 14, registered shareholders will be eligible to receive a dividend payment of $0.625 per share. This payment will be made available. This translates to a yield of 10.17 percent and an annual dividend payment of $2.50. The date that stockholders can turn in their shares for payment instead of receiving this dividend is December 13, a Tuesday. The percentage of Camping World’s earnings paid out in dividends has recently reached 55.07%.
Marcus Lemonis, the company’s chief executive officer, sold 272,097 shares of company stock on November 22. This is another development that is relevant to this topic. In the sale, each share was acquired for an average price of $27.56, which resulted in a total transaction value of $7,498,993.32 dollars. Following the completion of the acquisition, the company’s chief executive officer now directly owns 600,171 shares of the company’s stock, the total value of which is approximately $16,540,712.76. This page contains the filing containing the information about the transaction provided to the Securities and Exchange Commission (SEC). You can access the filing by clicking here. On November 22, it was reported that Marcus Lemonis, CEO of Camping World, sold 272,097 shares. This transaction was reported in other pieces of news related to Camping World. In the sale, each share was acquired for an average price of $27.56, which resulted in a total transaction value of $7,498,993.32 dollars. Following the completion of the acquisition, the company’s Chief Executive Officer now directly owns 600,171 shares of the company’s stock, the total value of which is approximately $16,540,712.76. On the Securities and Exchange Commission’s (SEC) website, you can access the information submitted to the SEC regarding the transaction, which is currently available. On September 16, the company’s Chief Financial Officer, Karin L. Bell, completed the sale of an additional 16,953 shares of company stock. The stock was bought and sold for a total value of 509,946.24 dollars, with each share changing hands at an average price of 30.08 dollars. As a result, the chief financial officer has 105,898 shares of the company’s stock, which currently have a combined value of approximately $3,185,411.84. Disclosures that are related to the sale might be found in this section of the website. The most recent fiscal period saw insiders of the company sell 289,504 shares, which resulted in total revenue of $8,022,560 generated from the transaction. Corporate insiders are responsible for the ownership of 47.50% of the company’s shares.
Recent events have resulted in several institutional investors increasing or decreasing the total number of shares in which they are currently vested. First, insight Advisors LLC PA increased the number of Camping World shares it owned by 14.8% during the third quarter. Insight Advisors LLC PA now has a total of 60,889 shares following the purchase of an additional 7,870 in the most recent quarter. The combined value of Insight Advisors LLC’s and PA’s holdings in the company is currently $1,542,000. The Bank of New York Mellon Corporation increased the amount of Camping World stock owned by 5.0 percent during the third quarter. After purchasing an additional 25,995 shares during the preceding quarter, Bank of New York Mellon Corp. now has a total of 544,382 shares of the company’s stock, which have a combined value of $13,784,000. This brings the total number of shares owned by the company to 544,382. Finally, during the third quarter, Arbor Capital Management Inc. (ADV) saw a rise of 20.5% in the total number of shares held in Camping World. Arbor Capital Management Inc. (ADV) bought an additional 12,848 shares during the most recent quarter, bringing the total number of shares bought to 75,614 with a value of $2,045,000. This brings the total number of shares purchased during the period to 75,614. The value of Balyasny Asset Management LLC’s holdings in Camping World increased by 173.7% during the third quarter compared to the previous quarter’s value. Balyasny Asset Management LLC now directly owns 50,277 shares of the company’s stock due to the recent purchase of an additional 31,910 shares during the most recent quarter. There is an approximate value of $1,273,000 attached to these shares. And finally, during the third quarter, Truvestments Capital LLC purchased additional stock, resulting in 32.3% more Camping World shares to the portfolio the company already held. As a result of the most recent quarter’s purchase of an additional 5,733 shares in the company, Truvestments Capital LLC now owns 23,490 shares in the company. The value of these shares is $595,000. 38.15 institutional investors and hedge funds own a percent of the company’s outstanding shares.