McElhenny Sheffield Capital Management LLC Takes Position in Camping World $CWH

Key Points

• McElhenny Sheffield Capital Management LLC acquired 110,000 shares of Camping World, valued at approximately $1.89 million, increasing their stake to about 0.11% in the company.
• Camping World reported a quarterly earnings per share of $0.57, slightly missing analyst expectations, with revenues increasing by 9.4% year-over-year to $1.98 billion.
• A recent dividend of $0.125 per share was paid, providing a 3.3% dividend yield, although the company's dividend payout ratio stands at -250.00%.

McElhenny Sheffield Capital Management LLC acquired a new position in shares of Camping World (NYSE:CWH - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 110,000 shares of the company's stock, valued at approximately $1,891,000. McElhenny Sheffield Capital Management LLC owned about 0.11% of Camping World as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. 1060 Capital LLC bought a new stake in shares of Camping World in the 1st quarter worth approximately $5,818,000. Goldman Sachs Group Inc. grew its position in shares of Camping World by 66.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 889,377 shares of the company's stock worth $14,372,000 after buying an additional 354,333 shares during the period. Vanguard Group Inc. grew its position in shares of 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 during the period. Voya Investment Management LLC grew its position in Camping World by 28.1% during the 1st quarter. Voya Investment Management LLC now owns 934,173 shares of the company's stock valued at $15,096,000 after purchasing an additional 204,679 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in Camping World during the 1st quarter valued at about $2,873,000. 52.54% of the stock is currently owned by institutional investors.

Camping World Price Performance

Shares of NYSE:CWH opened at $15.28 on Thursday. The firm's 50 day moving average price is $16.64 and its 200-day moving average price is $16.34. 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 0.24, a current ratio of 1.26 and a debt-to-equity ratio of 3.12. The stock has a market capitalization of $1.56 billion, a PE ratio of -76.40 and a beta of 1.94.

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

Camping World Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 15th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Monday, September 15th. Camping World's dividend payout ratio is -250.00%.

Wall Street Analyst Weigh In

Several brokerages recently commented on CWH. KeyCorp increased their price objective on shares of Camping World from $18.00 to $21.00 and gave the company an "overweight" rating in a research report on Thursday, August 14th. Raymond James Financial cut their price objective on shares of Camping World from $20.00 to $18.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. Weiss Ratings restated a "sell (d+)" rating on shares of Camping World in a research note on Wednesday. Zacks Research upgraded shares of Camping World from a "strong sell" rating to a "hold" rating in a research note on Friday, September 5th. Finally, Citigroup upped their target price on shares of Camping World from $21.00 to $22.00 and gave the company a "buy" rating in a research note on Friday, September 26th. Eight research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $21.67.

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.

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