Camping World $CWH Shares Acquired by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its holdings in Camping World by 23.3%, owning 112,652 shares valued at approximately $1.82 million following the first quarter.
• Recent analyst ratings for Camping World show a consensus of "Moderate Buy" with a revised price target averaging $21.78, following various adjustments from multiple financial institutions.
• Camping World reported a Q2 earnings miss with $0.57 EPS, compared to expectations of $0.58, although it achieved a revenue growth of 9.4% year-over-year, totaling $1.98 billion.

American Century Companies Inc. grew its stake in Camping World (NYSE:CWH - Free Report) by 23.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 112,652 shares of the company's stock after buying an additional 21,310 shares during the quarter. American Century Companies Inc. owned 0.11% of Camping World worth $1,820,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Byrne Asset Management LLC purchased a new stake in Camping World during the first quarter worth approximately $44,000. Mpwm Advisory Solutions LLC purchased a new stake in Camping World during the fourth quarter worth approximately $63,000. US Bancorp DE purchased a new stake in Camping World during the first quarter worth approximately $72,000. Sandia Investment Management LP purchased a new stake in Camping World during the fourth quarter worth approximately $105,000. Finally, CWM LLC lifted 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 purchasing an additional 6,986 shares during the last quarter. Hedge funds and other institutional investors own 52.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CWH shares. Citigroup reaffirmed a "buy" rating and issued a $23.00 target price (up from $21.00) on shares of Camping World in a research report on Monday, June 16th. KeyCorp lifted their price target on shares of Camping World from $18.00 to $21.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. Raymond James Financial cut 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. Finally, Truist Financial lifted 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. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $21.78.

Camping World Stock Performance

CWH traded up $0.15 during trading on Friday, hitting $17.79. 975,952 shares of the stock were exchanged, compared to its average volume of 2,194,893. The firm has a market capitalization of $1.82 billion, a P/E ratio of -88.95 and a beta of 1.92. Camping World has a 1-year low of $11.17 and a 1-year high of $25.97. The stock has a fifty day moving average price of $17.22 and a two-hundred day moving average price of $16.64. The company has a quick ratio of 0.24, a current ratio of 1.26 and a debt-to-equity ratio of 3.12.

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

Camping World Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 15th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.8%. Camping World's payout ratio is currently -250.00%.

Camping World 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.