Camping World Holdings, Inc. (NYSE:CWH) Declares $0.13 Quarterly Dividend

Camping World Holdings, Inc. (NYSE:CWH) announced a quarterly dividend on Friday, February 21st, NASDAQ Dividends reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.125 per share on Thursday, March 27th. This represents a $0.50 annualized dividend and a yield of 2.46%. The ex-dividend date is Friday, March 14th.

Camping World has decreased its dividend payment by an average of 28.0% per year over the last three years. Camping World has a payout ratio of 28.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Camping World to earn $0.78 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 64.1%.

Camping World Price Performance

NYSE:CWH traded down $1.02 during mid-day trading on Friday, hitting $20.30. 1,258,830 shares of the company’s stock traded hands, compared to its average volume of 1,072,739. The company has a debt-to-equity ratio of 9.67, a quick ratio of 0.19 and a current ratio of 1.23. The company has a market cap of $1.72 billion, a PE ratio of -29.41, a price-to-earnings-growth ratio of 0.92 and a beta of 2.49. The firm’s 50 day simple moving average is $22.13 and its 200 day simple moving average is $22.50. Camping World has a 1 year low of $17.29 and a 1 year high of $28.72.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CWH. Bank of America began coverage on Camping World in a research report on Thursday, December 19th. They set a “buy” rating and a $30.00 price objective for the company. Raymond James raised Camping World from a “market perform” rating to an “outperform” rating and set a $27.00 price target for the company in a report on Wednesday, October 30th. StockNews.com upgraded shares of Camping World from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Roth Mkm reaffirmed a “buy” rating and set a $28.00 price objective (up previously from $26.00) on shares of Camping World in a research note on Wednesday, October 30th. Finally, Truist Financial upped their price objective on shares of Camping World from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Two 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $27.71.

About Camping World

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.