Camping World Holdings, Inc. (NYSE:CWH – Get Rating) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 9,000,000 shares, an increase of 7.8% from the November 30th total of 8,350,000 shares. Approximately 23.6% of the company’s shares are short sold. Based on an average trading volume of 969,900 shares, the days-to-cover ratio is currently 9.3 days.
Camping World Stock Down 0.4 %
Shares of CWH stock traded down $0.09 on Tuesday, hitting $22.23. 31,977 shares of the stock were exchanged, compared to its average volume of 1,060,682. The company has a current ratio of 1.42, a quick ratio of 0.25 and a debt-to-equity ratio of 4.40. The firm has a market capitalization of $1.86 billion, a P/E ratio of 4.92 and a beta of 2.56. The business has a 50-day moving average of $25.62 and a 200 day moving average of $26.51. Camping World has a fifty-two week low of $20.55 and a fifty-two week high of $41.70.
Camping World (NYSE:CWH – Get Rating) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $0.93 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.19). The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.82 billion. Camping World had a return on equity of 65.79% and a net margin of 2.79%. Equities analysts anticipate that Camping World will post 3.7 EPS for the current year.
Camping World Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, December 29th. Investors of record on Wednesday, December 14th were given a dividend of $0.625 per share. The ex-dividend date of this dividend was Tuesday, December 13th. This represents a $2.50 annualized dividend and a yield of 11.25%. Camping World’s dividend payout ratio (DPR) is presently 55.07%.
Insider Transactions at Camping World
In other news, CEO Marcus Lemonis sold 272,097 shares of the business’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $27.56, for a total transaction of $7,498,993.32. Following the completion of the sale, the chief executive officer now owns 600,171 shares in the company, valued at $16,540,712.76. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 47.50% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in Camping World during the second quarter valued at approximately $28,000. Bogart Wealth LLC acquired a new position in Camping World during the third quarter valued at approximately $38,000. EMC Capital Management boosted its position in Camping World by 51.3% during the second quarter. EMC Capital Management now owns 2,023 shares of the company’s stock valued at $44,000 after purchasing an additional 686 shares during the last quarter. MBM Wealth Consultants LLC boosted its position in Camping World by 55.9% during the first quarter. MBM Wealth Consultants LLC now owns 2,086 shares of the company’s stock valued at $58,000 after purchasing an additional 748 shares during the last quarter. Finally, Ensign Peak Advisors Inc bought a new stake in Camping World in the third quarter valued at approximately $70,000. 36.92% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the company. Truist Financial dropped their price objective on Camping World from $30.00 to $25.00 and set a “hold” rating for the company in a report on Friday, September 23rd. JPMorgan Chase & Co. dropped their price objective on Camping World from $46.00 to $37.00 and set an “overweight” rating for the company in a report on Thursday, November 3rd. Raymond James dropped their price objective on Camping World from $36.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, November 3rd. Finally, StockNews.com began coverage on Camping World in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $32.83.
Camping World Company Profile
Camping World Holdings, Inc, through its subsidiaries, retails recreational vehicles (RVs), and related products and services. 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.