Camping World (NYSE:CWH) Trading 5.5% Higher

Camping World Holdings, Inc. (NYSE:CWH)’s stock price was up 5.5% on Wednesday . The stock traded as high as $21.45 and last traded at $21.42. Approximately 278,719 shares changed hands during trading, a decline of 72% from the average daily volume of 981,412 shares. The stock had previously closed at $20.30.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. KeyCorp decreased their target price on shares of Camping World from $30.00 to $26.00 and set an “overweight” rating for the company in a report on Friday, May 3rd. Roth Mkm reissued a “buy” rating and issued a $28.00 target price (down previously from $30.00) on shares of Camping World in a report on Friday, May 3rd. Stephens reiterated an “overweight” rating and issued a $28.00 price objective (up from $26.00) on shares of Camping World in a report on Wednesday, January 17th. Citigroup upped 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. Finally, Truist Financial reduced their price target on shares of Camping World from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $30.20.

Camping World Price Performance

The stock has a market capitalization of $1.82 billion, a PE ratio of -537.12 and a beta of 2.67. The company has a current ratio of 1.21, a quick ratio of 0.16 and a debt-to-equity ratio of 7.55. The firm has a 50 day moving average price of $24.66 and a 200 day moving average price of $23.92.

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 analysts’ consensus estimates of ($0.59) by $0.06. Camping World had a negative return on equity of 2.16% and a net margin of 0.09%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the firm earned ($0.33) EPS. The business’s quarterly revenue was down 13.4% on a year-over-year basis. Research analysts anticipate that Camping World Holdings, Inc. will post 1.06 earnings per share for the current year.

Camping World Dividend Announcement

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

Insider Activity at Camping World

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

Hedge Funds Weigh In On Camping World

Institutional investors have recently bought and sold shares of the stock. ProShare Advisors LLC bought a new stake in shares of Camping World in the 1st quarter worth about $209,000. Russell Investments Group Ltd. raised its position in Camping World by 6,495.0% during the first quarter. Russell Investments Group Ltd. now owns 3,957 shares of the company’s stock valued at $110,000 after purchasing an additional 3,897 shares during the period. Significant Wealth Partners LLC purchased a new position in shares of Camping World in the 1st quarter worth approximately $1,144,000. Insight Advisors LLC PA raised its holdings in Camping World by 4.0% during the 1st quarter. Insight Advisors LLC PA now owns 93,271 shares of the company’s stock valued at $2,598,000 after buying an additional 3,588 shares during the period. Finally, Coronation Fund Managers Ltd. boosted its stake in Camping World by 64.5% during the first quarter. Coronation Fund Managers Ltd. now owns 160,159 shares of the company’s stock worth $4,460,000 after buying an additional 62,772 shares during the period. 52.54% of the stock is owned by hedge funds and other institutional investors.

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.