Advisors Asset Management Inc. Sells 17,381 Shares of Camping World $CWH

Key Points

• Advisors Asset Management Inc. reduced its holdings in Camping World by 40.7%, now owning 25,333 shares valued at $409,000 after selling 17,381 shares.
• Camping World announced a quarterly dividend of $0.125 per share, which translates to an annualized yield of 3.0%.
• Research firms generally maintain positive outlooks for Camping World, with an average price target of $21.78 and multiple analysts recommending a "buy" rating.

Advisors Asset Management Inc. reduced its position in Camping World (NYSE:CWH - Free Report) by 40.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,333 shares of the company's stock after selling 17,381 shares during the quarter. Advisors Asset Management Inc.'s holdings in Camping World were worth $409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Camping World by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 6,034,743 shares of the company's stock worth $97,521,000 after buying an additional 247,134 shares in the last quarter. SG Capital Management LLC bought a new position in shares of Camping World during the 4th quarter valued at about $19,732,000. Deutsche Bank AG grew its position in shares of Camping World by 24.4% during the first quarter. Deutsche Bank AG now owns 593,059 shares of the company's stock valued at $9,584,000 after purchasing an additional 116,292 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Camping World by 39.6% in the fourth quarter. Northern Trust Corp now owns 543,709 shares of the company's stock worth $11,461,000 after purchasing an additional 154,111 shares during the last quarter. Finally, Two Sigma Investments LP lifted its position in shares of Camping World by 154.3% in the fourth quarter. Two Sigma Investments LP now owns 402,534 shares of the company's stock worth $8,485,000 after buying an additional 244,226 shares in the last quarter. 52.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Camping World Trading Up 2.1%

Shares of CWH traded up $0.36 during trading hours on Tuesday, reaching $17.43. 1,691,684 shares of the company traded hands, compared to its average volume of 1,719,563. The stock's fifty day moving average price is $17.08 and its 200 day moving average price is $16.42. 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 firm has a market cap of $1.78 billion, a price-to-earnings ratio of -87.15 and a beta of 1.92. 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, July 29th. The company reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates of $0.58 by ($0.01). The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.87 billion. Camping World had a negative net margin of 0.13% and a negative return on equity of 2.81%. The company's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.38 EPS. Sell-side analysts forecast that Camping World will post -0.66 earnings per share for the current year.

Camping World Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, September 15th. Camping World's payout ratio is currently -250.00%.

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.