Camping World (NYSE:CWH) Shares Gap Down to $24.00

Camping World Holdings, Inc. (NYSE:CWH) shares gapped down prior to trading on Wednesday . The stock had previously closed at $24.00, but opened at $23.50. Camping World shares last traded at $23.76, with a volume of 60,453 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Monness Crespi & Hardt lifted their price target on shares of Camping World from $24.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Roth Mkm reduced their price objective on Camping World from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. KeyCorp lowered their price objective on shares of Camping World from $26.00 to $25.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Finally, Truist Financial raised 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. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $26.57.

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 stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of -592.00 and a beta of 2.47. The business has a 50-day simple moving average of $22.05 and a two-hundred day simple moving average of $21.60.

Camping World (NYSE:CWH) last issued 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). Camping World had a negative return on equity of 10.04% and a negative net margin of 0.22%. The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The business’s revenue was down 5.3% compared to the same quarter last year. As a group, research analysts predict that Camping World Holdings, Inc. will post -0.6 earnings per share for the current fiscal year.

Camping World Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 13th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, September 13th. This represents a $0.50 annualized dividend and a dividend yield of 2.12%. Camping World’s dividend payout ratio (DPR) is -1,250.00%.

Insider Buying and Selling

In other news, CEO Marcus Lemonis sold 121,450 shares of the firm’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 sale, the chief executive officer now directly owns 155,268 shares of the company’s stock, valued at $3,384,842.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 43.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Camping World

Large investors have recently bought and sold shares of the stock. Point72 DIFC Ltd bought a new position in Camping World during the second quarter valued at about $50,000. Russell Investments Group Ltd. lifted its position in Camping World by 6,495.0% in 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 bought a new position in Camping World in the fourth quarter worth $172,000. Telos Capital Management Inc. acquired a new stake in Camping World during the second quarter worth $196,000. Finally, ProShare Advisors LLC bought a new stake in Camping World in the 1st quarter valued at $209,000. 52.54% of the stock is currently owned by institutional investors and hedge funds.

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.