GW&K Investment Management LLC Buys New Stake in Camping World (NYSE:CWH)

GW&K Investment Management LLC acquired a new position in shares of Camping World (NYSE:CWH - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 113,295 shares of the company's stock, valued at approximately $1,831,000. GW&K Investment Management LLC owned approximately 0.11% of Camping World at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. A&I Financial Services LLC boosted its stake in Camping World by 11.3% during the first quarter. A&I Financial Services LLC now owns 25,302 shares of the company's stock worth $409,000 after acquiring an additional 2,567 shares in the last quarter. CWM LLC boosted its stake in Camping World by 1,060.1% during the first quarter. CWM LLC now owns 7,645 shares of the company's stock worth $124,000 after acquiring an additional 6,986 shares in the last quarter. Telos Capital Management Inc. boosted its stake in Camping World by 66.7% during the first quarter. Telos Capital Management Inc. now owns 25,000 shares of the company's stock worth $404,000 after acquiring an additional 10,000 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Camping World by 1.3% during the first quarter. Bank of New York Mellon Corp now owns 294,845 shares of the company's stock worth $4,765,000 after acquiring an additional 3,761 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in shares of Camping World in the first quarter worth approximately $394,000. Institutional investors own 52.54% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Citigroup reiterated a "buy" rating and issued a $23.00 target price (up previously from $21.00) on shares of Camping World in a research note on Monday, June 16th. KeyCorp reiterated an "overweight" rating and issued a $18.00 target price (up previously from $16.00) on shares of Camping World in a research note on Friday, May 23rd. Monness Crespi & Hardt dropped their target price on shares of Camping World from $30.00 to $20.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. JPMorgan Chase & Co. upgraded shares of Camping World from a "neutral" rating to an "overweight" rating and lowered their price objective for the company from $23.00 to $21.00 in a research report on Thursday, May 1st. Finally, Baird R W downgraded shares of Camping World from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Camping World has an average rating of "Moderate Buy" and an average price target of $22.44.

Camping World Price Performance

Shares of NYSE CWH traded down $1.13 during midday trading on Thursday, reaching $17.98. The stock had a trading volume of 1,523,301 shares, compared to its average volume of 2,173,494. The stock has a 50-day moving average of $17.69 and a 200-day moving average of $17.93. The company has a debt-to-equity ratio of 3.53, a quick ratio of 0.19 and a current ratio of 1.26. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of -39.08 and a beta of 1.86. Camping World has a 12-month low of $11.17 and a 12-month high of $25.97.

Camping World (NYSE:CWH - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.23) by $0.07. The firm had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.43 billion. Camping World had a negative net margin of 0.47% and a negative return on equity of 8.66%. The company's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.40) earnings per share. As a group, research analysts anticipate that Camping World will post -0.66 EPS for the current fiscal year.

Camping World Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.50 annualized dividend and a yield of 2.78%. Camping World's payout ratio is -108.70%.

About Camping World

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.