Camping World Target of Unusually Large Options Trading (NYSE:CWH)

Key Points

• Camping World (NYSE:CWH) experienced a significant increase in options trading, with 3,670 call options purchased, marking a 219% rise from the average daily volume.
• The company's stock is currently trading at $16.25, with a market capitalization of $1.66 billion, and it recently reported earnings of $0.57 per share, missing estimates slightly.
• Camping World announced a $0.125 quarterly dividend with a yield of 3.1%, but has a very high dividend payout ratio of -250.00%.

Camping World (NYSE:CWH - Get Free Report) saw unusually large options trading activity on Wednesday. Stock investors purchased 3,670 call options on the stock. This represents an increase of approximately 219% compared to the average daily volume of 1,150 call options.

Camping World Price Performance

Shares of NYSE CWH traded up $0.36 during midday trading on Wednesday, reaching $16.25. The stock had a trading volume of 231,198 shares, compared to its average volume of 2,138,904. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of -81.22 and a beta of 1.94. The stock has a 50-day moving average of $16.66 and a 200-day moving average of $16.26. Camping World has a 12-month low of $11.17 and a 12-month high of $25.97. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.24 and a current ratio of 1.26.

Camping World (NYSE:CWH - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.01). The company had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $1.87 billion. Camping World had a negative net margin of 0.13% and a negative return on equity of 2.81%. The business's revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.38 earnings per share. As a group, research analysts anticipate that Camping World will post -0.66 EPS for the current fiscal year.

Camping World Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 15th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Monday, September 15th. Camping World's dividend payout ratio (DPR) is -250.00%.

Analysts Set New Price Targets

Several research firms recently commented on CWH. Citigroup raised their price objective on shares of Camping World from $21.00 to $22.00 and gave the stock a "buy" rating in a report on Friday, September 26th. KeyCorp reaffirmed an "overweight" rating and set a $21.00 price objective on shares of Camping World in a report on Tuesday. Zacks Research upgraded shares of Camping World from a "strong sell" rating to a "hold" rating in a research report on Friday, September 5th. Weiss Ratings restated a "sell (d+)" rating on shares of Camping World in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Camping World from $20.00 to $22.00 and gave the company an "overweight" rating in a research report on Monday. Eight analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Camping World has an average rating of "Moderate Buy" and a consensus price target of $21.78.

Institutional Investors Weigh In On Camping World

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Camping World by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 6,034,743 shares of the company's stock valued at $97,521,000 after purchasing an additional 247,134 shares during the period. Eminence Capital LP grew its position in shares of Camping World by 123.3% in the 2nd quarter. Eminence Capital LP now owns 4,134,705 shares of the company's stock worth $71,076,000 after buying an additional 2,283,331 shares during the last quarter. Balyasny Asset Management L.P. grew its position in shares of Camping World by 18.0% in the 2nd quarter. Balyasny Asset Management L.P. now owns 3,221,271 shares of the company's stock worth $55,374,000 after buying an additional 490,245 shares during the last quarter. Crestview Partners II GP L.P. grew its position in shares of Camping World by 0.4% in the 2nd quarter. Crestview Partners II GP L.P. now owns 1,921,246 shares of the company's stock worth $33,026,000 after buying an additional 6,913 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its position in shares of Camping World by 8.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,428,901 shares of the company's stock worth $24,563,000 after buying an additional 108,565 shares during the last quarter. 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.

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