Franklin Resources Inc. bought a new stake in Camping World Holdings, Inc. (NYSE:CWH - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 203,557 shares of the company's stock, valued at approximately $4,291,000. Franklin Resources Inc. owned approximately 0.24% of Camping World as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of CWH. Blue Trust Inc. grew its holdings in shares of Camping World by 195.0% in the fourth quarter. Blue Trust Inc. now owns 1,534 shares of the company's stock valued at $32,000 after purchasing an additional 1,014 shares during the period. AlphaQuest LLC grew its stake in shares of Camping World by 494.9% in the 4th quarter. AlphaQuest LLC now owns 7,865 shares of the company's stock valued at $166,000 after buying an additional 6,543 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Camping World during the 4th quarter worth approximately $226,000. Proficio Capital Partners LLC purchased a new stake in shares of Camping World during the 4th quarter valued at approximately $239,000. Finally, World Investment Advisors LLC acquired a new position in Camping World in the third quarter valued at approximately $258,000. 52.54% of the stock is owned by institutional investors and hedge funds.
Camping World Stock Down 2.9 %
Shares of CWH traded down $0.36 during midday trading on Tuesday, hitting $12.01. The company had a trading volume of 796,604 shares, compared to its average volume of 1,299,843. The company's 50-day simple moving average is $17.92 and its 200-day simple moving average is $21.03. The firm has a market capitalization of $1.23 billion, a P/E ratio of -17.41, a P/E/G ratio of 0.92 and a beta of 2.32. Camping World Holdings, Inc. has a 1 year low of $11.81 and a 1 year high of $25.97. The company has a debt-to-equity ratio of 9.67, a quick ratio of 0.19 and a current ratio of 1.23.
Camping World (NYSE:CWH - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported ($0.55) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.55). The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.13 billion. Camping World had a negative net margin of 0.40% and a negative return on equity of 23.77%. As a group, sell-side analysts expect that Camping World Holdings, Inc. will post -0.66 EPS for the current year.
Camping World Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend was Friday, March 14th. Camping World's dividend payout ratio (DPR) is presently -65.79%.
Insider Activity at Camping World
In related news, President Matthew D. Wagner bought 5,725 shares of the stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average price of $17.61 per share, for a total transaction of $100,817.25. Following the acquisition, the president now owns 300,640 shares in the company, valued at approximately $5,294,270.40. This represents a 1.94 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 43.80% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
CWH has been the topic of a number of research analyst reports. Bank of America started coverage on Camping World in a research report on Thursday, December 19th. They issued a "buy" rating and a $30.00 target price on the stock. KeyCorp decreased their target price on shares of Camping World from $27.00 to $22.00 and set an "overweight" rating on the stock in a research report on Thursday, March 20th. Robert W. Baird reissued a "neutral" rating and issued a $18.00 price target (down from $28.00) on shares of Camping World in a research note on Friday, April 4th. Truist Financial dropped their target price on shares of Camping World from $28.00 to $16.00 and set a "buy" rating for the company in a report on Monday. Finally, Baird R W cut Camping World from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $24.38.
Check Out Our Latest Research Report on CWH
Camping World Company Profile
(
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.
See Also
Before you consider Camping World, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Camping World wasn't on the list.
While Camping World currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
