Camping World (NYSE:CWH) Shares Up 6.4%

Camping World Holdings, Inc. (NYSE:CWH)’s stock price rose 6.4% on Friday . The stock traded as high as $23.55 and last traded at $23.42. Approximately 87,629 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 960,071 shares. The stock had previously closed at $22.02.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Roth Mkm dropped their price target on shares of Camping World from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Truist Financial dropped their target price on shares of Camping World from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. 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 note on Wednesday, June 26th. Finally, KeyCorp lowered their price target on Camping World from $26.00 to $25.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. According to MarketBeat, Camping World has a consensus rating of “Moderate Buy” and an average target price of $25.43.

Camping World Stock Performance

The company’s fifty day simple moving average is $21.23 and its two-hundred day simple moving average is $21.91. 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 $1.97 billion, a P/E ratio of -582.60 and a beta of 2.47.

Camping World (NYSE:CWH) last announced its earnings results on Wednesday, July 31st. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.87 billion. Camping World had a negative return on equity of 10.04% and a negative net margin of 0.22%. Camping World’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter last year, the business posted $0.60 EPS. As a group, equities analysts forecast that Camping World Holdings, Inc. will post -0.61 EPS for the current year.

Camping World Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Friday, September 13th will be given a $0.125 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.15%. Camping World’s payout ratio is presently -1,249.69%.

Insider Buying and Selling

In other Camping World news, CEO Marcus Lemonis sold 125,000 shares of the business’s 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 sale, the chief executive officer now owns 155,268 shares of the company’s stock, valued at approximately $3,546,321.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 43.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Camping World

Several institutional investors have recently made changes to their positions in the stock. ICA Group Wealth Management LLC bought a new position in Camping World during the 4th quarter worth $35,000. Point72 DIFC Ltd bought a new position in shares of Camping World in the second quarter worth $50,000. Russell Investments Group Ltd. raised its stake 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 valued at $110,000 after purchasing an additional 3,897 shares in the last quarter. Advisory Services Network LLC bought a new stake in Camping World during the fourth quarter worth about $172,000. Finally, ProShare Advisors LLC acquired a new stake in Camping World during the first quarter worth about $209,000. 52.54% of the stock is currently owned by institutional investors.

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.