Camping World (NYSE:CWH) Shares Gap Down – What’s Next?

Camping World Holdings, Inc. (NYSE:CWH)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $22.73, but opened at $20.90. Camping World shares last traded at $20.98, with a volume of 1,883,494 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CWH shares. Truist Financial upped their price target on shares of Camping World from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Roth Mkm reiterated a “buy” rating and issued a $28.00 price target (up previously from $26.00) on shares of Camping World in a research note on Wednesday. Monness Crespi & Hardt raised their price target on Camping World from $24.00 to $30.00 and gave the company a “buy” rating in a report on Friday, September 27th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $24.00 price objective (down previously from $25.00) on shares of Camping World in a research note on Monday, October 21st. Finally, Raymond James raised Camping World from a “market perform” rating to an “outperform” rating and set a $27.00 target price on the stock in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.75.

Camping World Stock Down 11.4 %

The business has a 50-day moving average of $22.83 and a 200 day moving average of $21.16. The company has a market capitalization of $1.70 billion, a PE ratio of -524.50 and a beta of 2.47. The company has a debt-to-equity ratio of 10.08, a current ratio of 1.19 and a quick ratio of 0.19.

Camping World (NYSE:CWH) last posted its earnings results on Wednesday, July 31st. The company reported $0.38 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 firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the company posted $0.60 earnings per share. The firm’s revenue was down 5.3% compared to the same quarter last year. Equities research analysts predict that Camping World Holdings, Inc. will post -0.6 earnings per share for the current year.

Camping World Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, September 13th were paid a $0.125 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.48%. Camping World’s payout ratio is currently -1,250.00%.

Insider Transactions at Camping World

In related news, CEO Marcus Lemonis sold 125,000 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $22.84, for a total value of $2,855,000.00. Following the completion of the transaction, the chief executive officer now owns 155,268 shares of the company’s stock, valued at approximately $3,546,321.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 43.80% of the company’s stock.

Institutional Trading of Camping World

A number of institutional investors have recently bought and sold shares of CWH. Eminence Capital LP raised its stake in shares of Camping World by 79.8% in the second quarter. Eminence Capital LP now owns 4,344,303 shares of the company’s stock valued at $77,589,000 after acquiring an additional 1,927,977 shares during the period. Vanguard Group Inc. raised its position in Camping World by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 4,075,412 shares of the company’s stock worth $113,500,000 after purchasing an additional 40,137 shares during the period. Capital Research Global Investors boosted its position in shares of Camping World by 31.2% during the first quarter. Capital Research Global Investors now owns 2,159,037 shares of the company’s stock valued at $60,129,000 after buying an additional 513,320 shares during the period. Interval Partners LP grew its stake in shares of Camping World by 98.9% during the first quarter. Interval Partners LP now owns 2,001,753 shares of the company’s stock valued at $55,749,000 after buying an additional 995,096 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Camping World by 20.3% in the second quarter. Dimensional Fund Advisors LP now owns 718,578 shares of the company’s stock worth $12,834,000 after buying an additional 121,022 shares during the period. 52.54% of the stock is currently owned by institutional investors.

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.