Raymond James Financial Inc. Purchases New Holdings in Camping World Holdings, Inc. (NYSE:CWH)

Raymond James Financial Inc. acquired a new position in Camping World Holdings, Inc. (NYSE:CWH) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 69,485 shares of the company’s stock, valued at approximately $1,465,000. Raymond James Financial Inc. owned about 0.08% of Camping World at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CWH. Blue Trust Inc. raised its holdings in shares of Camping World by 195.0% in the 4th quarter. Blue Trust Inc. now owns 1,534 shares of the company’s stock worth $32,000 after purchasing an additional 1,014 shares during the period. World Investment Advisors LLC bought a new stake in shares of Camping World in the third quarter valued at $258,000. Intech Investment Management LLC purchased a new position in shares of Camping World during the 3rd quarter valued at $261,000. Proficio Capital Partners LLC bought a new position in shares of Camping World during the 4th quarter worth $239,000. Finally, Versor Investments LP purchased a new stake in Camping World in the 4th quarter worth about $266,000. Institutional investors own 52.54% of the company’s stock.

Insider Buying and Selling

In related news, President Matthew D. Wagner bought 5,725 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average cost of $17.61 per share, for a total transaction of $100,817.25. Following the completion of the transaction, the president now owns 300,640 shares of the company’s stock, valued at approximately $5,294,270.40. The trade was a 1.94 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 43.80% of the stock is owned by company insiders.

Camping World Stock Performance

Camping World stock opened at $16.18 on Wednesday. The firm’s 50 day simple moving average is $20.02 and its 200 day simple moving average is $21.85. The company has a current ratio of 1.23, a quick ratio of 0.19 and a debt-to-equity ratio of 9.67. Camping World Holdings, Inc. has a 1-year low of $15.39 and a 1-year high of $27.57. The firm has a market capitalization of $1.65 billion, a PE ratio of -23.44, a price-to-earnings-growth ratio of 0.92 and a beta of 2.57.

Camping World (NYSE:CWH) last issued its quarterly earnings data on Tuesday, February 25th. The company reported ($0.55) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.55). The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.13 billion. Camping World had a negative return on equity of 23.77% and a negative net margin of 0.40%. As a group, analysts expect that Camping World Holdings, Inc. will post -0.66 earnings per share for the current fiscal year.

Camping World Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend was Friday, March 14th. Camping World’s payout ratio is -65.79%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CWH. Bank of America began coverage on shares of Camping World in a research report on Thursday, December 19th. They set a “buy” rating and a $30.00 target price for the company. Truist Financial raised their price objective on shares of Camping World from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Finally, KeyCorp lowered their target price on shares of Camping World from $27.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, March 20th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $27.00.

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.