Camping World (NYSE:CWH) announced a quarterly dividend on Friday, March 2nd, Zacks reports. Investors 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 dividend yield of 0.99%. The ex-dividend date of this dividend is Thursday, March 15th.
Camping World has raised its dividend by an average of 8.6% per year over the last three years. Camping World has a payout ratio of 14.0% indicating that 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 stock traded up $1.18 during mid-day trading on Thursday, reaching $32.44. 1,299,973 shares of the stock were exchanged, compared to its average volume of 880,638. The stock has a market capitalization of $2,636.31, a P/E ratio of 14.17, a price-to-earnings-growth ratio of 0.78 and a beta of 2.83. The company has a quick ratio of 0.29, a current ratio of 1.36 and a debt-to-equity ratio of 9.99. Camping World has a fifty-two week low of $26.30 and a fifty-two week high of $47.62.
In other Camping World news, CEO Marcus Lemonis sold 130,000 shares of the firm’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $35.51, for a total value of $4,616,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 66.60% of the company’s stock.
A number of brokerages recently issued reports on CWH. ValuEngine upgraded shares of Camping World from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 1st. BMO Capital Markets increased their target price on shares of Camping World from $53.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, March 1st. Zacks Investment Research upgraded shares of Camping World from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Monday, January 29th. Credit Suisse Group set a $52.00 price objective on shares of Camping World and gave the company a “buy” rating in a research report on Wednesday, February 28th. Finally, KeyCorp set a $52.00 price objective on shares of Camping World and gave the company a “buy” rating in a research report on Wednesday, February 28th. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Camping World presently has a consensus rating of “Buy” and a consensus target price of $49.38.
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About Camping World
Camping World Holdings, Inc, through its subsidiaries, provides a portfolio of services, protection plans, products, and resources for recreational vehicle (RV) owners and camping enthusiasts. The company operates through Consumer Services and Plans, and Retail segments. It provides 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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