Camping World (NYSE:CWH) Trading Up 5.5%

Camping World Holdings, Inc. (NYSE:CWH) shares rose 5.5% on Wednesday . The stock traded as high as $21.45 and last traded at $21.42. Approximately 278,719 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 981,412 shares. The stock had previously closed at $20.30.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Roth Mkm reaffirmed a “buy” rating and set a $28.00 price target (down previously from $30.00) on shares of Camping World in a research report on Friday, May 3rd. KeyCorp dropped their price target on Camping World from $30.00 to $26.00 and set an “overweight” rating on the stock in a research report on Friday, May 3rd. StockNews.com raised shares of Camping World from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Truist Financial reduced their price target on shares of Camping World from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd. Finally, Stephens reiterated an “overweight” rating and set a $28.00 price objective (up previously from $26.00) on shares of Camping World in a research note on Wednesday, January 17th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $30.20.

Camping World Price Performance

The company has a 50 day moving average of $24.66 and a two-hundred day moving average of $23.92. The firm has a market cap of $1.82 billion, a P/E ratio of -537.12 and a beta of 2.67. The company has a quick ratio of 0.16, a current ratio of 1.21 and a debt-to-equity ratio of 7.55.

Camping World (NYSE:CWH) last posted its quarterly earnings data on Wednesday, February 21st. The company reported ($0.53) earnings per share for the quarter, beating the consensus estimate of ($0.59) by $0.06. Camping World had a net margin of 0.09% and a negative return on equity of 2.16%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the firm posted ($0.33) EPS. The business’s revenue for the quarter was down 13.4% on a year-over-year basis. Sell-side analysts expect that Camping World Holdings, Inc. will post 1.06 EPS for the current year.

Camping World Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 14th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date was Wednesday, March 13th. Camping World’s dividend payout ratio is -1,249.69%.

Insiders Place Their Bets

In other news, CEO Marcus Lemonis sold 100,000 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was 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 SEC, which is accessible through this link. Corporate insiders own 43.80% of the company’s stock.

Institutional Investors Weigh In On Camping World

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Schonfeld Strategic Advisors LLC lifted its position in shares of Camping World by 13.2% in the third quarter. Schonfeld Strategic Advisors LLC now owns 367,300 shares of the company’s stock worth $7,497,000 after buying an additional 42,767 shares during the last quarter. Gendell Jeffrey L raised its position in shares of Camping World by 68.0% in the third quarter. Gendell Jeffrey L now owns 335,900 shares of the company’s stock valued at $6,856,000 after purchasing an additional 135,900 shares during the period. Deutsche Bank AG lifted its stake in shares of Camping World by 40.8% in the third quarter. Deutsche Bank AG now owns 387,831 shares of the company’s stock worth $7,916,000 after buying an additional 112,478 shares during the last quarter. Scopus Asset Management L.P. bought a new stake in shares of Camping World during the 3rd quarter worth $918,000. Finally, FMR LLC raised its holdings in Camping World by 9.5% in the 3rd quarter. FMR LLC now owns 1,941,972 shares of the company’s stock worth $39,636,000 after acquiring an additional 169,117 shares during the period. Hedge funds and other institutional investors own 52.54% of the company’s stock.

Camping World Company 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.