Camping World (NYSE:CWH) Shares Gap Down to $24.00

Camping World Holdings, Inc. (NYSE:CWH)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $24.00, but opened at $23.50. Camping World shares last traded at $23.76, with a volume of 60,453 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have commented on CWH. KeyCorp reduced their price target on shares of Camping World from $26.00 to $25.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Monness Crespi & Hardt boosted their target price on Camping World from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Roth Mkm dropped their price target on Camping World from $28.00 to $26.00 and set a “buy” rating for the company in a report on Monday, August 5th. Finally, Truist Financial lifted their price objective on Camping World from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, September 20th. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $26.57.

Camping World Trading Down 1.6 %

The company has a quick ratio of 0.19, a current ratio of 1.19 and a debt-to-equity ratio of 10.08. The business’s fifty day moving average is $22.05 and its two-hundred day moving average is $21.60. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of -592.00 and a beta of 2.47.

Camping World (NYSE:CWH) last released its earnings results on Wednesday, July 31st. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.10). Camping World had a negative net margin of 0.22% and a negative return on equity of 10.04%. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the business posted $0.60 earnings per share. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. Equities analysts anticipate that Camping World Holdings, Inc. will post -0.6 earnings per share for the current fiscal year.

Camping World Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, September 13th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.50 annualized dividend and a yield of 2.12%. Camping World’s dividend payout ratio is currently -1,250.00%.

Insider Buying and Selling at Camping World

In other news, CEO Marcus Lemonis sold 125,000 shares of Camping World stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $22.84, for a total transaction of $2,855,000.00. Following the completion of the sale, the chief executive officer now owns 155,268 shares in the company, valued at approximately $3,546,321.12. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 43.80% of the company’s stock.

Hedge Funds Weigh In On Camping World

A number of hedge funds and other institutional investors have recently bought and sold shares of CWH. Moors & Cabot Inc. raised its position in shares of Camping World by 2.9% during the 2nd quarter. Moors & Cabot Inc. now owns 19,065 shares of the company’s stock valued at $340,000 after acquiring an additional 531 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in Camping World by 4.3% in the first quarter. Commonwealth Equity Services LLC now owns 31,778 shares of the company’s stock valued at $885,000 after purchasing an additional 1,323 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Camping World by 8.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 19,560 shares of the company’s stock valued at $545,000 after buying an additional 1,477 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Camping World by 7.0% in the second quarter. The Manufacturers Life Insurance Company now owns 22,872 shares of the company’s stock valued at $408,000 after buying an additional 1,491 shares during the period. Finally, Point72 DIFC Ltd bought a new position in Camping World during the second quarter worth about $50,000. 52.54% of the stock is owned by 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.