Camping World (NYSE:CWH) Shares Down 8.6%

Shares of Camping World Holdings, Inc. (NYSE:CWH) dropped 8.6% on Wednesday . The stock traded as low as $23.73 and last traded at $23.75. Approximately 711,885 shares were traded during trading, a decline of 22% from the average daily volume of 907,887 shares. The stock had previously closed at $25.98.

Analysts Set New Price Targets

CWH has been the topic of several recent research reports. KeyCorp increased their price objective on Camping World from $25.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, January 12th. Truist Financial increased their price objective on Camping World from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, January 9th. 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 report on Wednesday, January 17th. StockNews.com cut Camping World from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Finally, Citigroup raised their price target on Camping World from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $30.64.

Camping World Stock Down 8.7 %

The firm has a 50 day moving average of $26.15 and a two-hundred day moving average of $23.46. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 46.69 and a beta of 2.60. 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 released 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. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.15 billion. Camping World had a return on equity of 16.62% and a net margin of 0.50%. Camping World’s revenue was down 13.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.33) earnings per share. As a group, sell-side analysts anticipate that Camping World Holdings, Inc. will post 1.06 EPS for the current fiscal year.

Camping World Dividend Announcement

The firm 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 annualized dividend and a yield of 2.11%. The ex-dividend date was Wednesday, March 13th. Camping World’s dividend payout ratio (DPR) is presently 96.16%.

Insider Activity

In other news, CEO Marcus Lemonis sold 100,000 shares of Camping World stock in a transaction dated 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 directly 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 Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 44.20% of the company’s stock.

Institutional Trading of Camping World

A number of hedge funds have recently made changes to their positions in CWH. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in Camping World in the second quarter valued at approximately $28,000. IFP Advisors Inc boosted its holdings in Camping World by 932.8% in the third quarter. IFP Advisors Inc now owns 1,291 shares of the company’s stock valued at $26,000 after acquiring an additional 1,166 shares during the last quarter. ICA Group Wealth Management LLC bought a new stake in Camping World in the fourth quarter valued at approximately $35,000. Selway Asset Management bought a new stake in Camping World in the third quarter valued at approximately $55,000. Finally, Ensign Peak Advisors Inc bought a new stake in Camping World in the third quarter valued at approximately $70,000. 52.54% of the stock is owned by institutional investors and hedge funds.

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.