Eminence Capital LP Acquires 2,283,331 Shares of Camping World $CWH

Eminence Capital LP increased its holdings in shares of Camping World (NYSE:CWH) by 123.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,134,705 shares of the company’s stock after acquiring an additional 2,283,331 shares during the quarter. Eminence Capital LP owned about 4.05% of Camping World worth $71,076,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. US Bancorp DE acquired a new position in shares of Camping World during the 1st quarter worth approximately $72,000. Ameritas Investment Partners Inc. grew its position in Camping World by 11.0% during the second quarter. Ameritas Investment Partners Inc. now owns 6,154 shares of the company’s stock worth $106,000 after buying an additional 608 shares in the last quarter. Corient IA LLC acquired a new stake in Camping World during the first quarter worth approximately $162,000. AlphaQuest LLC increased its stake in Camping World by 35.2% during the 1st quarter. AlphaQuest LLC now owns 10,631 shares of the company’s stock worth $172,000 after acquiring an additional 2,766 shares during the period. Finally, CWM LLC raised its holdings in Camping World by 32.9% in the 2nd quarter. CWM LLC now owns 10,158 shares of the company’s stock valued at $175,000 after acquiring an additional 2,513 shares in the last quarter. Institutional investors own 52.54% of the company’s stock.

Wall Street Analyst Weigh In

CWH has been the topic of several analyst reports. Citigroup reduced their target price on Camping World from $22.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, October 31st. BMO Capital Markets reaffirmed an “outperform” rating and issued a $22.00 price target on shares of Camping World in a research note on Thursday, October 30th. Zacks Research upgraded shares of Camping World from a “strong sell” rating to a “hold” rating in a research note on Friday, September 5th. Raymond James Financial decreased their target price on shares of Camping World from $18.00 to $15.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. Finally, Truist Financial dropped their target price on shares of Camping World from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Nine research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Camping World has an average rating of “Moderate Buy” and an average target price of $18.90.

Camping World Price Performance

Shares of NYSE:CWH opened at $10.33 on Friday. Camping World has a one year low of $9.49 and a one year high of $24.36. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.26 and a quick ratio of 0.27. The company has a market cap of $1.06 billion, a price-to-earnings ratio of -11.11 and a beta of 1.95. The firm has a 50 day simple moving average of $12.71 and a 200 day simple moving average of $15.71.

Camping World (NYSE:CWH) last posted its earnings results on Tuesday, October 28th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.10. Camping World had a negative net margin of 0.85% and a positive return on equity of 3.80%. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter in the previous year, the firm posted $0.17 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. Research analysts predict that Camping World will post -0.66 earnings per share for the current fiscal year.

Camping World Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Shareholders of record on Monday, December 15th will be given a $0.125 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.50 annualized dividend and a yield of 4.8%. Camping World’s dividend payout ratio (DPR) is currently -53.76%.

Camping World Company Profile

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.