Camping World (NYSE:CWH) Shares Gap Down Following Insider Selling

Camping World Holdings, Inc. (NYSE:CWH) gapped down before the market opened on Monday after an insider sold shares in the company. The stock had previously closed at $23.31, but opened at $21.82. Camping World shares last traded at $22.81, with a volume of 94,543 shares changing hands.

Specifically, 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 sale, the chief executive officer now directly owns 155,268 shares of the company’s stock, valued at approximately $3,546,321.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Marcus Lemonis sold 121,450 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $21.80, for a total transaction of $2,647,610.00. Following the sale, the chief executive officer now directly owns 155,268 shares in the company, valued at $3,384,842.40. The disclosure for this sale can be found here.

Analyst Ratings Changes

A number of research firms have weighed in on CWH. Monness Crespi & Hardt reduced their target price on shares of Camping World from $29.00 to $24.00 and set a “buy” rating on the stock in a report on Wednesday, June 26th. Truist Financial reduced their target price on shares of Camping World from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. KeyCorp reduced their target price on shares of Camping World from $26.00 to $25.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Finally, Roth Mkm dropped their price target on shares of Camping World from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Camping World currently has an average rating of “Moderate Buy” and a consensus price target of $25.43.

Camping World Stock Up 5.8 %

The company has a current ratio of 1.19, a quick ratio of 0.19 and a debt-to-equity ratio of 10.08. The stock’s 50-day moving average price is $21.45 and its 200-day moving average price is $21.80. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of -609.75 and a beta of 2.47.

Camping World (NYSE:CWH) last released its earnings results on Wednesday, July 31st. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the firm earned $0.60 EPS. The firm’s revenue was down 5.3% on a year-over-year basis. On average, sell-side analysts expect that Camping World Holdings, Inc. will post -0.61 earnings per share for the current year.

Camping World Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Friday, September 13th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.05%. Camping World’s payout ratio is presently -1,250.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CWH. ICA Group Wealth Management LLC acquired a new position in shares of Camping World during the 4th quarter valued at $35,000. Point72 DIFC Ltd acquired a new position in Camping World during the second quarter worth $50,000. Russell Investments Group Ltd. raised its holdings 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 worth $110,000 after buying an additional 3,897 shares during the last quarter. Advisory Services Network LLC acquired a new position in Camping World during the fourth quarter worth $172,000. Finally, Telos Capital Management Inc. acquired a new position in Camping World during the second quarter worth $196,000. Institutional investors and hedge funds 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.