Camping World (NYSE:CWH) Shares Down 7.6%

Camping World Holdings, Inc. (NYSE:CWH)’s share price traded down 7.6% during mid-day trading on Thursday . The company traded as low as $20.90 and last traded at $21.02. 324,558 shares traded hands during trading, a decline of 65% from the average session volume of 925,720 shares. The stock had previously closed at $22.74.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Stephens reaffirmed an “overweight” rating and issued a $28.00 price target (up from $26.00) on shares of Camping World in a research note on Wednesday, January 17th. KeyCorp upped their price target on shares of Camping World from $25.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, January 12th. StockNews.com lowered shares of Camping World from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Truist Financial increased their target price on shares of Camping World from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. Finally, Citigroup increased their target price on shares of Camping World from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Camping World currently has an average rating of “Moderate Buy” and a consensus target price of $30.64.

Camping World Stock Performance

The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 41.06 and a beta of 2.60. The company has a debt-to-equity ratio of 7.55, a quick ratio of 0.16 and a current ratio of 1.21. The firm’s 50-day moving average price is $25.60 and its two-hundred day moving average price is $23.69.

Camping World (NYSE:CWH) last announced its earnings results on Wednesday, February 21st. The company reported ($0.53) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.06. Camping World had a net margin of 0.50% and a return on equity of 16.62%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the firm posted ($0.33) earnings per share. The company’s revenue was down 13.4% on a year-over-year basis. Sell-side analysts predict that Camping World Holdings, Inc. will post 1.06 earnings per share for the current year.

Camping World Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, March 14th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend was Wednesday, March 13th. Camping World’s dividend payout ratio is presently 96.16%.

Insider Buying and Selling

In other Camping World news, CEO Marcus Lemonis sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $25.63, for a total value of $2,563,000.00. Following the completion of the sale, the chief executive officer now owns 405,268 shares of the company’s stock, valued at $10,387,018.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 43.80% of the stock is currently owned by insiders.

Institutional Trading of Camping World

A number of large investors have recently added to or reduced their stakes in CWH. IFP Advisors Inc raised its position in shares of Camping World by 932.8% in the third quarter. IFP Advisors Inc now owns 1,291 shares of the company’s stock valued at $26,000 after purchasing an additional 1,166 shares during the period. ICA Group Wealth Management LLC bought a new position in shares of Camping World in the fourth quarter valued at about $35,000. Selway Asset Management bought a new position in Camping World during the 3rd quarter worth approximately $55,000. Advisory Services Network LLC bought a new stake in Camping World during the 4th quarter valued at $172,000. Finally, Moors & Cabot Inc. boosted its holdings in Camping World by 13.5% during the 3rd quarter. Moors & Cabot Inc. now owns 9,802 shares of the company’s stock worth $200,000 after acquiring an additional 1,164 shares during the last quarter. Institutional investors and hedge funds own 52.54% of the company’s stock.

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.