Camping World Holdings, Inc. (NYSE:CWH) Sees Significant Decrease in Short Interest

Camping World Holdings, Inc. (NYSE:CWH) saw a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 7,380,000 shares, a decline of 7.1% from the March 15th total of 7,940,000 shares. Currently, 17.8% of the company’s stock are sold short. Based on an average daily volume of 905,300 shares, the days-to-cover ratio is presently 8.2 days.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CWH. Truist Financial boosted their price target on Camping World from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, January 9th. StockNews.com downgraded Camping World from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Citigroup upped their price objective on Camping World from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. KeyCorp upped their price objective on Camping World from $25.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, January 12th. Finally, Stephens restated an “overweight” rating and set a $28.00 price objective (up from $26.00) on shares of Camping World in a research note on Wednesday, January 17th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.64.

Camping World Stock Down 2.9 %

Shares of CWH traded down $0.66 during trading hours on Wednesday, hitting $22.28. 1,075,989 shares of the company were exchanged, compared to its average volume of 804,085. The company has a market cap of $1.88 billion, a PE ratio of 42.85 and a beta of 2.60. The firm’s 50 day moving average is $26.02 and its 200-day moving average is $23.56. Camping World has a 52 week low of $16.18 and a 52 week high of $32.88. The company has a debt-to-equity ratio of 7.55, a quick ratio of 0.16 and a current ratio of 1.21.

Camping World (NYSE:CWH) last announced its earnings results 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. Camping World had a return on equity of 16.62% and a net margin of 0.50%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the company earned ($0.33) EPS. The firm’s revenue for the quarter was down 13.4% compared to the same quarter last year. On average, equities research analysts forecast that Camping World will post 1.06 EPS for the current fiscal year.

Camping World Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, March 14th were given a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.24%. Camping World’s dividend payout ratio is currently 96.16%.

Insiders Place Their Bets

In other Camping World 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 directly owns 405,268 shares in the company, valued at approximately $10,387,018.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 43.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Camping World

A number of hedge funds have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Camping World in the 1st quarter worth approximately $9,403,000. Game Plan Financial Advisors LLC raised its holdings in shares of Camping World by 1,473.4% in the 1st quarter. Game Plan Financial Advisors LLC now owns 25,175 shares of the company’s stock worth $701,000 after buying an additional 23,575 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Camping World by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 4,035,275 shares of the company’s stock worth $105,966,000 after buying an additional 122,856 shares in the last quarter. ICA Group Wealth Management LLC acquired a new position in shares of Camping World in the 4th quarter worth approximately $35,000. Finally, Goldman Sachs Group Inc. increased its holdings in Camping World by 123.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 577,930 shares of the company’s stock valued at $15,176,000 after purchasing an additional 319,636 shares in the last quarter. 52.54% of the stock is 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.