LSV Asset Management Decreases Holdings in Camping World Holdings, Inc. (NYSE:CWH)

Posted by Defense World Staff on May 15th, 2023

LSV Asset Management cut its stake in shares of Camping World Holdings, Inc. (NYSE:CWH – Get Rating) by 14.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 97,179 shares of the company’s stock after selling 16,421 shares during the period. LSV Asset Management owned about 0.12% of Camping World worth $2,169,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CWH. Swiss National Bank increased its stake in shares of Camping World by 2.2% in the 4th quarter. Swiss National Bank now owns 96,000 shares of the company’s stock worth $2,143,000 after purchasing an additional 2,100 shares in the last quarter. Arizona State Retirement System increased its stake in Camping World by 4.2% in the 4th quarter. Arizona State Retirement System now owns 11,219 shares of the company’s stock worth $250,000 after buying an additional 456 shares in the last quarter. LPL Financial LLC increased its stake in Camping World by 37.3% in the 4th quarter. LPL Financial LLC now owns 111,943 shares of the company’s stock worth $2,499,000 after buying an additional 30,417 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Camping World by 119.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 45,437 shares of the company’s stock worth $1,014,000 after buying an additional 24,710 shares in the last quarter. Finally, Adirondack Retirement Specialists Inc. increased its stake in Camping World by 3.2% in the 4th quarter. Adirondack Retirement Specialists Inc. now owns 612,732 shares of the company’s stock worth $13,676,000 after buying an additional 19,234 shares in the last quarter. 36.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CWH has been the subject of a number of analyst reports. Raymond James cut their price target on Camping World from $28.00 to $27.00 in a research note on Thursday, May 4th. BMO Capital Markets dropped their price objective on shares of Camping World from $30.00 to $26.00 and set a “market perform” rating for the company in a report on Thursday, February 23rd. Stephens reissued an “overweight” rating and set a $31.00 price objective on shares of Camping World in a report on Wednesday, February 22nd. KeyCorp initiated coverage on shares of Camping World in a report on Wednesday, April 19th. They set an “overweight” rating and a $25.00 price objective for the company. Finally, TheStreet downgraded shares of Camping World from a “b-” rating to a “c” rating in a report on Tuesday, February 21st. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Camping World presently has a consensus rating of “Moderate Buy” and an average price target of $29.57.

Camping World Stock Performance

Shares of NYSE:CWH opened at $25.28 on Monday. The firm has a market cap of $2.12 billion, a PE ratio of 11.29 and a beta of 2.55. The firm’s 50 day simple moving average is $21.64 and its 200-day simple moving average is $23.89. The company has a debt-to-equity ratio of 7.30, a quick ratio of 0.21 and a current ratio of 1.39. Camping World Holdings, Inc. has a one year low of $18.69 and a one year high of $33.99.

Camping World (NYSE:CWH – Get Rating) last issued its quarterly earnings data on Tuesday, February 21st. The company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.18). The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Camping World had a net margin of 1.40% and a return on equity of 41.01%. As a group, equities analysts predict that Camping World Holdings, Inc. will post 1.01 EPS for the current year.

Camping World Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 29th. Shareholders of record on Tuesday, March 14th were paid a $0.625 dividend. The ex-dividend date of this dividend was Monday, March 13th. This represents a $2.50 annualized dividend and a yield of 9.89%. Camping World’s dividend payout ratio (DPR) is 111.61%.

Camping World Company Profile

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Camping World Holdings, Inc operates as a retailer of recreational vehicles (RV) and related products and services. It operates through the following segments: Good Sam Services & Plans, and RV & Outdoor Retail. The Good Sam Services & Plans segment consists of programs, plans, and services that are geared towards protecting, insuring, and promoting the RV lifestyle.