Camping World (NYSE:CWH) Shares Gap Down – Here’s Why

Camping World Holdings, Inc. (NYSE:CWH)’s share price gapped down prior to trading on Monday . The stock had previously closed at $23.12, but opened at $22.32. Camping World shares last traded at $22.80, with a volume of 45,383 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. KeyCorp reduced their target price on shares of Camping World from $26.00 to $25.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Roth Mkm dropped their target price on Camping World from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Truist Financial increased their price target on Camping World from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Monness Crespi & Hardt boosted their price objective on shares of Camping World from $24.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $24.00 target price (down previously from $25.00) on shares of Camping World in a research note on Monday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $27.29.

Camping World Price Performance

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 company has a market cap of $1.80 billion, a price-to-earnings ratio of -531.75 and a beta of 2.47. The company has a fifty day simple moving average of $22.67 and a two-hundred day simple moving average of $21.26.

Camping World (NYSE:CWH) last posted 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). The company had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Camping World had a negative net margin of 0.22% and a negative return on equity of 10.04%. Camping World’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 EPS. On average, equities research analysts anticipate that Camping World Holdings, Inc. will post -0.6 earnings per share for the current fiscal year.

Camping World Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Friday, September 13th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.35%. The ex-dividend date was Friday, September 13th. Camping World’s payout ratio is -1,250.00%.

Insiders Place Their Bets

In related news, CEO Marcus Lemonis sold 125,000 shares of the company’s 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 transaction, the chief executive officer now owns 155,268 shares of the company’s stock, valued at approximately $3,546,321.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 43.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Point72 DIFC Ltd purchased a new stake in shares of Camping World during the 2nd quarter valued at $50,000. Russell Investments Group Ltd. grew its holdings in shares of 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 purchasing an additional 3,897 shares during the period. ProShare Advisors LLC acquired a new stake in Camping World during the 1st quarter worth approximately $209,000. nVerses Capital LLC purchased a new position in Camping World in the third quarter valued at approximately $191,000. Finally, Handelsbanken Fonder AB acquired a new position in Camping World during the third quarter valued at approximately $240,000. Institutional investors and hedge funds own 52.54% of the company’s stock.

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.