Petrus Trust Company LTA Makes New Investment in Camping World $CWH

Key Points

• Petrus Trust Company LTA has acquired a new position in Camping World, purchasing 22,279 shares valued at approximately $360,000 during the 1st quarter.
• Camping World's latest quarterly earnings report showed a EPS of $0.57, slightly missing analyst expectations, while the company experienced a revenue increase of 9.4% year-over-year.
• The stock has drawn attention from analysts, with an average rating of "Moderate Buy" and a consensus target price of $21.78, as multiple firms issued new price targets recently.

Petrus Trust Company LTA acquired a new position in shares of Camping World (NYSE:CWH - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 22,279 shares of the company's stock, valued at approximately $360,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CWH. Byrne Asset Management LLC bought a new position in shares of Camping World during the 1st quarter worth about $44,000. Mpwm Advisory Solutions LLC bought a new position in shares of Camping World during the 4th quarter worth about $63,000. US Bancorp DE bought a new position in shares of Camping World during the 1st quarter worth about $72,000. Sandia Investment Management LP bought a new position in shares of Camping World during the 4th quarter worth about $105,000. Finally, CWM LLC increased its holdings in shares of Camping World by 1,060.1% during the 1st 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 period. Institutional investors own 52.54% of the company's stock.

Camping World Price Performance

NYSE CWH traded down $0.86 on Friday, reaching $16.66. The company's stock had a trading volume of 1,914,557 shares, compared to its average volume of 1,704,972. The firm has a market cap of $1.70 billion, a PE ratio of -83.29 and a beta of 1.92. The business has a 50-day moving average price of $17.11 and a 200 day moving average price of $16.45. Camping World has a 52 week low of $11.17 and a 52 week high of $25.97. The company has a current ratio of 1.26, a quick ratio of 0.24 and a debt-to-equity ratio of 3.12.

Camping World (NYSE:CWH - Get Free Report) last posted its earnings results 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 business had revenue of $1.98 billion during 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 business's revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.38 EPS. Sell-side analysts expect that Camping World will post -0.66 EPS for the current year.

Camping World Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders 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 yield of 3.0%. The ex-dividend date of this dividend is Monday, September 15th. Camping World's dividend payout ratio is currently -250.00%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CWH shares. Zacks Research upgraded shares of Camping World from a "strong sell" rating to a "hold" rating in a report on Friday, September 5th. KeyCorp boosted their price objective on shares of Camping World from $18.00 to $21.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Citigroup restated a "buy" rating and set a $23.00 price objective (up previously from $21.00) on shares of Camping World in a report on Monday, June 16th. Truist Financial upped 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. Finally, Raymond James Financial lowered their target price 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. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Camping World presently has an average rating of "Moderate Buy" and a consensus target price of $21.78.

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.