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

Camping World Holdings, Inc. (NYSE:CWH – Get Rating) announced a quarterly dividend on Wednesday, May 24th, Zacks reports. Investors 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 9.11%. The ex-dividend date of this dividend is Tuesday, June 13th.

Camping World has increased its dividend payment by an average of 98.4% annually over the last three years and has increased its dividend annually for the last 3 consecutive 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. 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 Up 4.3 %

Shares of CWH opened at $27.45 on Thursday. The firm has a 50 day simple moving average of $22.37 and a two-hundred day simple moving average of $23.87. The company has a debt-to-equity ratio of 7.30, a current ratio of 1.39 and a quick ratio of 0.21. Camping World has a one year low of $18.69 and a one year high of $33.99. The company has a market cap of $2.30 billion, a P/E ratio of 12.25 and a beta of 2.55.

Camping World (NYSE:CWH – Get Rating) last posted its quarterly earnings results on Tuesday, May 2nd. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.22. Camping World had a return on equity of 41.01% and a net margin of 1.40%. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Research analysts forecast that Camping World will post 1.14 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on CWH. Stephens restated an “overweight” rating and issued a $31.00 price target on shares of Camping World in a research note on Wednesday, February 22nd. StockNews.com initiated coverage on shares of Camping World in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Raymond James dropped their price target on Camping World from $28.00 to $27.00 in a research note on Thursday, May 4th. 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 report on Wednesday. Finally, KeyCorp started coverage on Camping World in a research report on Wednesday, April 19th. They issued an “overweight” rating and a $25.00 target price for the company. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $30.86.

Institutional Investors Weigh In On Camping World

Several institutional investors and hedge funds have recently made changes to their positions in CWH. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in Camping World in the second quarter valued at approximately $28,000. Ensign Peak Advisors Inc bought a new position in Camping World during the third quarter worth $70,000. Canada Pension Plan Investment Board acquired a new position in Camping World in the first quarter valued at $170,000. Advisory Services Network LLC boosted its position in Camping World by 46.6% during the first quarter. Advisory Services Network LLC now owns 6,246 shares of the company’s stock valued at $130,000 after acquiring an additional 1,985 shares during the last quarter. Finally, Point72 Hong Kong Ltd boosted its position in Camping World by 69.9% during the first quarter. Point72 Hong Kong Ltd now owns 8,317 shares of the company’s stock valued at $232,000 after acquiring an additional 3,421 shares during the last quarter. Institutional investors and hedge funds own 36.92% of the company’s stock.

About Camping World

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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.