1060 Capital LLC Invests $5.82 Million in Camping World $CWH

Key Points

• 1060 Capital LLC has acquired a new stake in Camping World, purchasing 360,000 shares valued at approximately $5.8 million, making it the 4th largest position in their portfolio.
• Camping World reported earnings per share (EPS) of $0.57 for the latest quarter, missing analysts' expectations, but achieving revenue of $1.98 billion, surpassing the anticipated $1.87 billion.
• The company announced a quarterly dividend of $0.125 per share, with a payout ratio of -250%, reflecting its ongoing financial strategy amidst fluctuating performance.

1060 Capital LLC acquired a new stake in shares of Camping World (NYSE:CWH - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 360,000 shares of the company's stock, valued at approximately $5,818,000. Camping World comprises 13.2% of 1060 Capital LLC's holdings, making the stock its 4th largest position. 1060 Capital LLC owned approximately 0.35% of Camping World as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. SG Capital Management LLC bought a new position in Camping World during the fourth quarter worth about $19,732,000. Seven Grand Managers LLC bought a new position in Camping World during the fourth quarter worth about $8,432,000. Goldman Sachs Group Inc. lifted its stake in Camping World by 66.2% during the first quarter. Goldman Sachs Group Inc. now owns 889,377 shares of the company's stock worth $14,372,000 after purchasing an additional 354,333 shares during the period. Lighthouse Investment Partners LLC bought a new position in Camping World during the fourth quarter worth about $7,453,000. Finally, Vanguard Group Inc. lifted its stake in Camping World by 4.3% during the first quarter. Vanguard Group Inc. now owns 6,034,743 shares of the company's stock worth $97,521,000 after purchasing an additional 247,134 shares during the period. Institutional investors and hedge funds own 52.54% of the company's stock.

Camping World Price Performance

Shares of Camping World stock traded down $0.86 during midday trading on Friday, reaching $16.66. The company had a trading volume of 1,914,557 shares, compared to its average volume of 1,704,972. The company has a current ratio of 1.26, a quick ratio of 0.24 and a debt-to-equity ratio of 3.12. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of -83.29 and a beta of 1.92. The stock has a fifty day simple moving average of $17.11 and a 200 day simple moving average of $16.45. Camping World has a 1-year low of $11.17 and a 1-year high of $25.97.

Camping World (NYSE:CWH - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates of $0.58 by ($0.01). Camping World had a negative net margin of 0.13% and a negative return on equity of 2.81%. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the business earned $0.38 EPS. The business's revenue for the quarter was up 9.4% on a year-over-year basis. As a group, equities research analysts forecast that Camping World will post -0.66 earnings per share for the current year.

Camping World Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Monday, September 15th. Camping World's payout ratio is currently -250.00%.

Wall Street Analyst Weigh In

A number of research analysts have commented on CWH shares. Truist Financial raised their price target on shares of Camping World from $16.00 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. KeyCorp raised their price objective on shares of Camping World from $18.00 to $21.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Raymond James Financial dropped their price objective on shares of Camping World from $20.00 to $18.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Zacks Research raised shares of Camping World from a "strong sell" rating to a "hold" rating in a report on Friday, September 5th. Finally, Citigroup reaffirmed a "buy" rating and set a $23.00 price objective (up previously from $21.00) on shares of Camping World in a report on Monday, June 16th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $21.78.

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.