Camping World Holdings, Inc. (NYSE:CWH – Get Free Report) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totalling 7,120,000 shares, a decline of 8.1% from the June 15th total of 7,750,000 shares. Based on an average trading volume of 1,030,000 shares, the days-to-cover ratio is currently 6.9 days. Approximately 17.4% of the shares of the company are short sold.
Insider Buying and Selling at Camping World
In other Camping World news, Director Kent Dillon Schickli sold 10,101 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $27.00, for a total value of $272,727.00. Following the completion of the transaction, the director now directly owns 72,124 shares of the company’s stock, valued at $1,947,348. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 44.20% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Camping World
Several large investors have recently modified their holdings of CWH. Worth Asset Management LLC lifted its stake in Camping World by 88.8% during the 2nd quarter. Worth Asset Management LLC now owns 944 shares of the company’s stock worth $28,000 after acquiring an additional 444 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of Camping World in the 2nd quarter valued at about $28,000. Bogart Wealth LLC increased its holdings in shares of Camping World by 50.0% in the 1st quarter. Bogart Wealth LLC now owns 1,500 shares of the company’s stock valued at $31,000 after acquiring an additional 500 shares during the last quarter. Global Retirement Partners LLC increased its holdings in shares of Camping World by 274.3% in the 2nd quarter. Global Retirement Partners LLC now owns 1,093 shares of the company’s stock valued at $33,000 after acquiring an additional 801 shares during the last quarter. Finally, Ensign Peak Advisors Inc purchased a new position in Camping World during the 3rd quarter worth approximately $70,000. Institutional investors and hedge funds own 37.60% of the company’s stock.
Camping World Stock Performance
NYSE CWH opened at $31.75 on Friday. The stock’s fifty day moving average is $28.53 and its two-hundred day moving average is $24.92. The firm has a market capitalization of $2.66 billion, a P/E ratio of 14.17 and a beta of 2.57. The company has a debt-to-equity ratio of 7.30, a quick ratio of 0.21 and a current ratio of 1.39. Camping World has a fifty-two week low of $18.69 and a fifty-two week high of $33.99.
Camping World (NYSE:CWH – Get Free Report) last released its quarterly earnings data on Tuesday, May 2nd. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.22. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. Camping World had a return on equity of 41.01% and a net margin of 1.40%. On average, research analysts anticipate that Camping World will post 1.21 earnings per share for the current year.
Camping World Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 29th. Stockholders of record on Wednesday, June 14th were paid a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 7.87%. The ex-dividend date was Tuesday, June 13th. Camping World’s dividend payout ratio (DPR) is presently 111.61%.
Wall Street Analyst Weigh In
A number of research firms have recently commented on CWH. KeyCorp boosted their price objective on Camping World from $28.00 to $36.00 in a research report on Monday. DA Davidson upgraded Camping World from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $25.00 to $36.00 in a research report on Friday, June 30th. BMO Capital Markets upgraded Camping World from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $26.00 to $35.00 in a research report on Wednesday, May 24th. StockNews.com began coverage on Camping World in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Finally, Raymond James cut Camping World from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Camping World has an average rating of “Moderate Buy” and a consensus target price of $32.88.
Camping World Company Profile
Camping World Holdings, Inc, together its subsidiaries, retails recreational vehicles (RVs), and related products and services. 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.