Camping World Holdings Inc (NYSE:CWH) announced a quarterly dividend on Friday, March 2nd, Zacks reports. Shareholders of record on Friday, March 16th will be paid a dividend of 0.08 per share on Friday, March 30th. This represents a $0.32 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Thursday, March 15th.
Camping World has raised its dividend by an average of 8.6% annually over the last three years. Camping World has a payout ratio of 14.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Camping World to earn $3.35 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 9.6%.
Shares of Camping World (CWH) opened at $36.59 on Wednesday. The firm has a market cap of $3,181.09, a PE ratio of 1,830.42, a price-to-earnings-growth ratio of 0.81 and a beta of 1.87. The company has a quick ratio of 0.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.74. Camping World has a fifty-two week low of $26.30 and a fifty-two week high of $47.62.
A number of equities research analysts have weighed in on CWH shares. KeyCorp set a $52.00 price objective on shares of Camping World and gave the stock a “buy” rating in a report on Wednesday, February 28th. Credit Suisse Group set a $52.00 price objective on shares of Camping World and gave the stock a “buy” rating in a report on Wednesday, February 28th. ValuEngine upgraded shares of Camping World from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Robert W. Baird restated a “buy” rating and issued a $50.00 price objective on shares of Camping World in a report on Friday, December 22nd. Finally, Bank of America upped their price objective on shares of Camping World from $48.00 to $49.00 and gave the stock a “buy” rating in a report on Tuesday, November 14th. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Camping World has an average rating of “Buy” and an average price target of $49.38.
In other news, insider Roger L. Nuttall sold 33,555 shares of the stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $45.78, for a total transaction of $1,536,147.90. Following the sale, the insider now owns 156,055 shares in the company, valued at $7,144,197.90. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Brent L. Moody sold 100,000 shares of the stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $45.47, for a total transaction of $4,547,000.00. Following the sale, the insider now owns 193,494 shares in the company, valued at approximately $8,798,172.18. The disclosure for this sale can be found here. Corporate insiders own 66.60% of the company’s stock.
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About Camping World
Camping World Holdings, Inc is a provider of a portfolio of services, protection plans, products and resources for recreational vehicle (RV) enthusiasts. The Company operates through two segments: Consumer Services and Plans, and Retail. Within the Consumer Services and Plans segment, the Company derives revenue from the sale of the offerings, including emergency roadside assistance; property and casualty insurance programs; travel assist programs; extended vehicle service contracts; co branded credit cards; vehicle financing and refinancing; club memberships, and publications and directories.
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