Camping World (NYSE:CWH) Shares Gap Down on Insider Selling

Shares of Camping World Holdings, Inc. (NYSE:CWH) gapped down before the market opened on Monday following insider selling activity. The stock had previously closed at $23.31, but opened at $21.82. Camping World shares last traded at $22.81, with a volume of 94,543 shares trading hands.

Specifically, CEO Marcus Lemonis sold 125,000 shares of the stock in a transaction 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 directly owns 155,268 shares of the company’s stock, valued at $3,546,321.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Marcus Lemonis sold 121,450 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $21.80, for a total value of $2,647,610.00. Following the completion of the sale, the chief executive officer now directly owns 155,268 shares of the company’s stock, valued at approximately $3,384,842.40. The disclosure for this sale can be found here.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CWH shares. KeyCorp cut their price objective on Camping World from $26.00 to $25.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Roth Mkm reduced their price objective on shares of Camping World from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Truist Financial lowered their target price on shares of Camping World from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, Monness Crespi & Hardt cut their target price on shares of Camping World from $29.00 to $24.00 and set a “buy” rating for the company in a research report on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Camping World has an average rating of “Moderate Buy” and an average price target of $25.43.

Camping World Trading Down 1.0 %

The company has a debt-to-equity ratio of 10.08, a quick ratio of 0.19 and a current ratio of 1.19. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of -576.86 and a beta of 2.47. The company’s 50 day moving average is $21.33 and its 200 day moving average is $21.82.

Camping World (NYSE:CWH) last released its earnings results on Wednesday, July 31st. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the business posted $0.60 EPS. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. On average, research analysts forecast that Camping World Holdings, Inc. will post -0.61 EPS for the current fiscal year.

Camping World Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Friday, September 13th will be paid a $0.125 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.17%. Camping World’s payout ratio is -1,249.69%.

Institutional Investors Weigh In On Camping World

A number of institutional investors have recently bought and sold shares of CWH. ICA Group Wealth Management LLC acquired a new position in shares of Camping World in the 4th quarter valued at $35,000. Point72 DIFC Ltd acquired a new position in Camping World in the second quarter worth about $50,000. Russell Investments Group Ltd. lifted its stake in Camping World by 6,495.0% during the first 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. Advisory Services Network LLC acquired a new stake in Camping World during the fourth quarter valued at approximately $172,000. Finally, ProShare Advisors LLC bought a new stake in shares of Camping World in the 1st quarter valued at approximately $209,000. Institutional investors and hedge funds own 52.54% of the company’s stock.

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.