Camping World Holdings, Inc. (NYSE:CWH) Short Interest Up 8.7% in June

Camping World Holdings, Inc. (NYSE:CWH) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 8,540,000 shares, a growth of 8.7% from the May 31st total of 7,860,000 shares. Approximately 20.4% of the company’s shares are short sold. Based on an average daily volume of 1,000,000 shares, the short-interest ratio is currently 8.5 days.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CWH shares. Monness Crespi & Hardt lowered their price objective on shares of Camping World from $29.00 to $24.00 and set a “buy” rating for the company in a research report on Wednesday, June 26th. Truist Financial reduced their target price on shares of Camping World from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. StockNews.com lowered shares of Camping World from a “hold” rating to a “sell” rating in a report on Friday, May 10th. KeyCorp reduced their target price on shares of Camping World from $30.00 to $26.00 and set an “overweight” rating on the stock in a report on Friday, May 3rd. Finally, Roth Mkm reiterated a “buy” rating and set a $28.00 target price (down from $30.00) on shares of Camping World in a report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Camping World presently has a consensus rating of “Moderate Buy” and an average price target of $28.33.

Camping World Price Performance

Shares of CWH opened at $18.17 on Thursday. Camping World has a twelve month low of $16.18 and a twelve month high of $32.88. The firm’s fifty day simple moving average is $19.65 and its 200-day simple moving average is $23.54. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of -454.14 and a beta of 2.54. The company has a current ratio of 1.19, a quick ratio of 0.17 and a debt-to-equity ratio of 11.24.

Camping World (NYSE:CWH) last announced its quarterly earnings data on Wednesday, May 1st. The company reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.01). Camping World had a net margin of 0.09% and a negative return on equity of 2.39%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.43 billion. Equities analysts forecast that Camping World will post 0.83 EPS for the current fiscal year.

Camping World Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, June 13th were paid a dividend of $0.125 per share. The ex-dividend date was Thursday, June 13th. This represents a $0.50 annualized dividend and a yield of 2.75%. Camping World’s dividend payout ratio is currently -1,249.69%.

Institutional Investors Weigh In On Camping World

Hedge funds and other institutional investors have recently bought and sold shares of the stock. ICA Group Wealth Management LLC acquired a new stake in Camping World during the 4th quarter worth $35,000. Russell Investments Group Ltd. raised its stake in Camping World by 6,495.0% during the 1st quarter. Russell Investments Group Ltd. now owns 3,957 shares of the company’s stock worth $110,000 after acquiring an additional 3,897 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Camping World during the 4th quarter worth $172,000. ProShare Advisors LLC acquired a new stake in Camping World during the 1st quarter worth $209,000. Finally, SG Americas Securities LLC acquired a new stake in Camping World during the 4th quarter worth $207,000. 52.54% of the stock is currently owned by institutional investors and hedge funds.

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.