126,600 Shares in Camping World $CWH Purchased by Canada Pension Plan Investment Board

Key Points

• The Canada Pension Plan Investment Board acquired 126,600 shares of Camping World, totaling approximately $2,046,000, representing 0.12% of the company's stock.
• Several hedge funds have significantly increased their stakes in Camping World, with GAMMA Investing LLC raising its position by 6,485.8% and Jump Financial LLC increasing by 210.1% in the latest quarter.
• Camping World has a current consensus rating of "Moderate Buy" from analysts, with a price target averaging $21.78 after various upgrades from multiple research firms.

Canada Pension Plan Investment Board acquired a new position in Camping World (NYSE:CWH - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 126,600 shares of the company's stock, valued at approximately $2,046,000. Canada Pension Plan Investment Board owned approximately 0.12% of Camping World at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Byrne Asset Management LLC purchased a new stake in shares of Camping World in the first quarter worth $44,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Camping World in the fourth quarter worth $63,000. US Bancorp DE purchased a new stake in shares of Camping World in the first quarter worth $72,000. Sandia Investment Management LP purchased a new stake in shares of Camping World in the fourth quarter worth $105,000. Finally, CWM LLC increased its stake in shares of Camping World by 1,060.1% in 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 in the last quarter. 52.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Camping World Trading Down 0.5%

Shares of Camping World stock traded down $0.09 during trading on Tuesday, hitting $17.69. The stock had a trading volume of 1,474,966 shares, compared to its average volume of 2,190,393. The firm's fifty day simple moving average is $17.22 and its 200-day simple moving average is $16.52. The stock has a market cap of $1.81 billion, a PE ratio of -88.43 and a beta of 1.92. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.26 and a quick ratio of 0.24. 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 released its earnings results on Tuesday, July 29th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.01). The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.87 billion. Camping World had a negative return on equity of 2.81% and a negative net margin of 0.13%.Camping World's revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 EPS. As a group, sell-side analysts expect that Camping World will post -0.66 EPS for the current fiscal year.

Camping World Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Monday, September 15th. Camping World's dividend payout ratio (DPR) 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.