Camping World (NYSE:CWH) Shares Down 7.6%

Camping World Holdings, Inc. (NYSE:CWH) shares fell 7.6% during mid-day trading on Thursday . The stock traded as low as $20.90 and last traded at $21.02. 324,558 shares were traded during trading, a decline of 65% from the average session volume of 925,720 shares. The stock had previously closed at $22.74.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CWH. Citigroup raised their price target on Camping World from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. KeyCorp raised their target price on Camping World from $25.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, January 12th. Truist Financial raised their target price on Camping World from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. Stephens restated an “overweight” rating and issued a $28.00 target price (up previously from $26.00) on shares of Camping World in a research note on Wednesday, January 17th. Finally, StockNews.com cut Camping World from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $30.64.

Camping World Stock Performance

The company has a market cap of $1.81 billion, a PE ratio of 41.25 and a beta of 2.60. The company has a debt-to-equity ratio of 7.55, a current ratio of 1.21 and a quick ratio of 0.16. The business has a 50-day moving average of $25.39 and a 200 day moving average of $23.70.

Camping World (NYSE:CWH) last posted its quarterly earnings data on Wednesday, February 21st. The company reported ($0.53) EPS for the quarter, beating analysts’ consensus estimates of ($0.59) by $0.06. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Camping World had a return on equity of 16.62% and a net margin of 0.50%. Camping World’s revenue for the quarter was down 13.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.33) earnings per share. Equities research analysts anticipate that Camping World Holdings, Inc. will post 1.06 EPS for the current fiscal year.

Camping World Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, March 14th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date was Wednesday, March 13th. Camping World’s payout ratio is 96.16%.

Insider Transactions at Camping World

In other news, CEO Marcus Lemonis sold 100,000 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $25.63, for a total value of $2,563,000.00. Following the completion of the transaction, the chief executive officer now owns 405,268 shares of the company’s stock, valued at $10,387,018.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 43.80% of the company’s stock.

Hedge Funds Weigh In On Camping World

A number of hedge funds have recently made changes to their positions in the business. IFP Advisors Inc boosted its stake in Camping World by 932.8% during the third quarter. IFP Advisors Inc now owns 1,291 shares of the company’s stock valued at $26,000 after buying an additional 1,166 shares during the last quarter. Independent Advisor Alliance bought a new position in Camping World during the third quarter valued at approximately $488,000. Adirondack Retirement Specialists Inc. boosted its stake in Camping World by 25.8% during the third quarter. Adirondack Retirement Specialists Inc. now owns 305,294 shares of the company’s stock valued at $6,231,000 after buying an additional 62,519 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Camping World by 2.1% during the third quarter. Bank of New York Mellon Corp now owns 558,068 shares of the company’s stock valued at $11,390,000 after buying an additional 11,316 shares during the last quarter. Finally, Verdence Capital Advisors LLC boosted its stake in Camping World by 11.3% during the third quarter. Verdence Capital Advisors LLC now owns 52,749 shares of the company’s stock valued at $1,077,000 after buying an additional 5,350 shares during the last quarter. Institutional investors own 52.54% of the company’s stock.

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.