Camping World (NYSE:CWH) Shares Up 12.2% - Here's What Happened

Camping World Holdings, Inc. (NYSE:CWH - Get Free Report) shares rose 12.2% during mid-day trading on Monday . The stock traded as high as $16.75 and last traded at $16.47. Approximately 1,175,865 shares changed hands during mid-day trading, a decline of 19% from the average daily volume of 1,460,337 shares. The stock had previously closed at $14.68.

Analyst Upgrades and Downgrades

CWH has been the subject of several recent analyst reports. KeyCorp decreased their target price on Camping World from $22.00 to $16.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Truist Financial decreased their target price on Camping World from $28.00 to $16.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Baird R W cut Camping World from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Robert W. Baird decreased their target price on Camping World from $18.00 to $15.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Finally, Monness Crespi & Hardt reduced their price objective on Camping World from $30.00 to $20.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $21.63.

Camping World Price Performance

The company has a quick ratio of 0.19, a current ratio of 1.23 and a debt-to-equity ratio of 9.67. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of -23.28, a price-to-earnings-growth ratio of 0.92 and a beta of 2.13. The company has a 50 day simple moving average of $14.67 and a 200 day simple moving average of $19.66.

Camping World (NYSE:CWH - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported ($0.16) earnings per share for the quarter, beating analysts' consensus estimates of ($0.23) by $0.07. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. Camping World had a negative return on equity of 23.77% and a negative net margin of 0.40%. Camping World's quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.40) EPS. As a group, research analysts predict that Camping World Holdings, Inc. will post -0.66 EPS for the current year.

Camping World Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend was Friday, March 14th. Camping World's dividend payout ratio (DPR) is -108.70%.

Insider Buying and Selling at Camping World

In other news, President Matthew D. Wagner purchased 5,725 shares of the stock in a transaction dated Tuesday, March 4th. The shares were bought at an average cost of $17.61 per share, for a total transaction of $100,817.25. Following the transaction, the president now owns 300,640 shares in the company, valued at $5,294,270.40. This trade represents a 1.94% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 35.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Camping World

A number of hedge funds have recently modified their holdings of CWH. Vanguard Group Inc. grew its holdings in shares of Camping World by 4.3% during the first quarter. Vanguard Group Inc. now owns 6,034,743 shares of the company's stock valued at $97,521,000 after buying an additional 247,134 shares in the last quarter. Eminence Capital LP lifted its position in shares of Camping World by 6.9% during the 4th quarter. Eminence Capital LP now owns 4,110,205 shares of the company's stock worth $86,643,000 after purchasing an additional 264,935 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Camping World by 39.8% during the 4th quarter. Capital Research Global Investors now owns 3,422,710 shares of the company's stock worth $72,151,000 after purchasing an additional 975,168 shares during the last quarter. Hood River Capital Management LLC acquired a new position in shares of Camping World during the 4th quarter worth about $62,142,000. Finally, Interval Partners LP increased its stake in Camping World by 71.8% during the fourth quarter. Interval Partners LP now owns 2,875,845 shares of the company's stock valued at $60,623,000 after acquiring an additional 1,202,258 shares during the period. 52.54% of the stock is currently owned by institutional investors and hedge funds.

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.