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

Camping World Holdings, Inc. (NYSE:CWH) shares gapped down before the market opened on Monday . The stock had previously closed at $23.12, but opened at $22.32. Camping World shares last traded at $22.80, with a volume of 45,383 shares changing hands.

Analysts Set New Price Targets

CWH has been the subject of several analyst reports. Truist Financial upped their price objective on Camping World from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Monness Crespi & Hardt upped their price objective on Camping World from $24.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, September 27th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $24.00 target price (down previously from $25.00) on shares of Camping World in a research report on Monday. KeyCorp dropped their target price 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. Finally, Roth Mkm dropped their target price on Camping World from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Camping World currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.29.

Camping World Trading Down 3.5 %

The firm has a market cap of $1.89 billion, a price-to-earnings ratio of -560.00 and a beta of 2.47. 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 business has a fifty day moving average of $22.60 and a two-hundred day moving average of $21.32.

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

Camping World Dividend Announcement

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 2.24%. The ex-dividend date was Friday, September 13th. Camping World’s dividend payout ratio (DPR) is presently -1,250.00%.

Insider Buying and Selling at Camping World

In other Camping World news, CEO Marcus Lemonis sold 121,450 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $21.80, for a total transaction of $2,647,610.00. Following the sale, the chief executive officer now owns 155,268 shares in the company, valued at approximately $3,384,842.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 43.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CWH. Eminence Capital LP lifted its stake in shares of Camping World by 79.8% during the 2nd quarter. Eminence Capital LP now owns 4,344,303 shares of the company’s stock worth $77,589,000 after purchasing an additional 1,927,977 shares during the period. Interval Partners LP lifted its stake in shares of Camping World by 98.9% during the 1st quarter. Interval Partners LP now owns 2,001,753 shares of the company’s stock worth $55,749,000 after purchasing an additional 995,096 shares during the period. Capital Research Global Investors lifted its stake in shares of Camping World by 31.2% during the 1st quarter. Capital Research Global Investors now owns 2,159,037 shares of the company’s stock worth $60,129,000 after purchasing an additional 513,320 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Camping World during the 1st quarter worth $9,403,000. Finally, Castleark Management LLC purchased a new position in shares of Camping World in the 1st quarter worth $5,028,000. Hedge funds and other 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.