Camping World (NYSE:CWH) Shares Gap Up – Here’s What Happened

Shares of Camping World Holdings, Inc. (NYSE:CWH) gapped up prior to trading on Tuesday . The stock had previously closed at $21.41, but opened at $23.50. Camping World shares last traded at $23.84, with a volume of 771,646 shares traded.

Wall Street Analyst Weigh In

CWH has been the subject of several research analyst reports. KeyCorp raised their target price on Camping World from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday. JPMorgan Chase & Co. restated a “neutral” rating and set a $24.00 price objective (down previously from $25.00) on shares of Camping World in a report on Monday, October 21st. Truist Financial lifted their price objective on shares of Camping World from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Monness Crespi & Hardt raised 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. Finally, Raymond James upgraded Camping World from a “market perform” rating to an “outperform” rating and set a $27.00 price objective on the stock in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $27.75.

Camping World Stock Performance

The company has a market capitalization of $1.92 billion, a P/E ratio of -568.25 and a beta of 2.47. The company has a current ratio of 1.19, a quick ratio of 0.19 and a debt-to-equity ratio of 10.08. The company’s fifty day moving average is $22.79 and its 200 day moving average is $21.15.

Camping World (NYSE:CWH) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.38 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 the consensus estimate of $1.87 billion. During the same period in the previous year, the business earned $0.60 earnings per share. Camping World’s revenue was down 5.3% on a year-over-year basis. As a group, equities analysts anticipate that Camping World Holdings, Inc. will post -0.6 earnings per share for the current year.

Camping World Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, September 13th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend was Friday, September 13th. Camping World’s payout ratio is presently -1,250.00%.

Insider Activity

In related news, CEO Marcus Lemonis sold 125,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 155,268 shares of the company’s stock, valued at approximately $3,546,321.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 43.80% of the company’s stock.

Institutional Investors Weigh In On Camping World

Several large investors have recently added to or reduced their stakes in the business. Point72 DIFC Ltd purchased a new stake in shares of Camping World in the 2nd quarter valued at about $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. nVerses Capital LLC bought a new stake in Camping World during the third quarter valued at approximately $191,000. Telos Capital Management Inc. purchased a new position in Camping World in the 2nd quarter worth approximately $196,000. Finally, ProShare Advisors LLC bought a new position in shares of Camping World in the 1st quarter worth $209,000. Institutional investors 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.