Econ Financial Services Corp Raises Position in Camping World (NYSE:CWH)

Econ Financial Services Corp grew its holdings in shares of Camping World (NYSE:CWH - Free Report) by 87.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 94,957 shares of the company's stock after purchasing an additional 44,179 shares during the quarter. Econ Financial Services Corp owned approximately 0.09% of Camping World worth $1,535,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CWH. Byrne Asset Management LLC purchased a new stake in Camping World during the 1st quarter valued at about $44,000. Mpwm Advisory Solutions LLC acquired a new position in shares of Camping World during the 4th quarter worth approximately $63,000. Sandia Investment Management LP purchased a new stake in shares of Camping World in the fourth quarter valued at approximately $105,000. Summit Investment Advisors Inc. increased its holdings in shares of Camping World by 33.4% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,546 shares of the company's stock valued at $117,000 after purchasing an additional 1,390 shares during the last quarter. Finally, AlphaQuest LLC lifted its position in Camping World by 494.9% during the fourth quarter. AlphaQuest LLC now owns 7,865 shares of the company's stock worth $166,000 after buying an additional 6,543 shares in the last quarter. Hedge funds and other institutional investors own 52.54% of the company's stock.

Analysts Set New Price Targets

CWH has been the subject of several analyst reports. Robert W. Baird dropped their target price on Camping World from $18.00 to $15.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Truist Financial upped their price objective on shares of Camping World from $16.00 to $20.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Baird R W cut shares of Camping World from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Citigroup reiterated 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, JPMorgan Chase & Co. upgraded shares of Camping World from a "neutral" rating to an "overweight" rating and cut their price target for the stock from $23.00 to $21.00 in a report on Thursday, May 1st. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $22.44.

Camping World Trading Up 0.7%

Shares of CWH traded up $0.13 during trading on Thursday, reaching $17.90. 2,013,439 shares of the company traded hands, compared to its average volume of 1,694,106. The stock has a 50-day simple moving average of $15.97 and a 200-day simple moving average of $18.44. The stock has a market cap of $1.83 billion, a PE ratio of -38.90 and a beta of 1.88. Camping World has a twelve month low of $11.17 and a twelve month high of $25.97. The company has a quick ratio of 0.19, a current ratio of 1.26 and a debt-to-equity ratio of 3.53.

Camping World (NYSE:CWH - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.23) by $0.07. Camping World had a negative net margin of 0.47% and a negative return on equity of 8.66%. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the firm earned ($0.40) EPS. The firm's revenue for the quarter was up 3.6% on a year-over-year basis. On average, analysts anticipate that Camping World will post -0.66 earnings per share for the current year.

Camping World Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.50 annualized dividend and a dividend yield of 2.79%. Camping World's dividend payout ratio is presently -108.70%.

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.