Camping World $CWH Shares Sold by Eminence Capital LP

Key Points

• Eminence Capital LP has reduced its stake in Camping World by 55.0%, selling 2,258,831 shares and now holding approximately 1.81% of the company worth around $29.9 million.
• Several institutional investors have increased their positions in Camping World, with a total of 52.54% of the stock now owned by institutional holders.
• Wall Street analysts have a generally positive outlook on Camping World, with most rating it a "Moderate Buy" and an average target price of $21.78.

Eminence Capital LP reduced its holdings in shares of Camping World (NYSE:CWH - Free Report) by 55.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,851,374 shares of the company's stock after selling 2,258,831 shares during the quarter. Eminence Capital LP owned 1.81% of Camping World worth $29,918,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CWH. Byrne Asset Management LLC acquired a new position in shares of Camping World during the first quarter worth $44,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Camping World during the fourth quarter worth $63,000. US Bancorp DE acquired a new stake in shares of Camping World during the first quarter worth $72,000. Sandia Investment Management LP acquired a new stake in shares of Camping World during the fourth quarter worth $105,000. Finally, CWM LLC raised its holdings in shares of Camping World by 1,060.1% during the first quarter. CWM LLC now owns 7,645 shares of the company's stock worth $124,000 after purchasing an additional 6,986 shares during the period. 52.54% of the stock is owned by institutional investors and hedge funds.

Camping World Price Performance

CWH traded down $0.15 on Monday, reaching $17.77. The company had a trading volume of 1,425,346 shares, compared to its average volume of 2,195,151. The company has a fifty day moving average of $17.21 and a 200-day moving average of $16.54. The company has a market capitalization of $1.81 billion, a P/E ratio of -88.82 and a beta of 1.92. The company has a current ratio of 1.26, a quick ratio of 0.24 and a debt-to-equity ratio of 3.12. Camping World has a one year low of $11.17 and a one year high of $25.97.

Camping World (NYSE:CWH - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.58 by ($0.01). The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 EPS. As a group, equities research analysts anticipate that Camping World will post -0.66 earnings per share for the current year.

Camping World Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Monday, September 15th. Camping World's dividend payout ratio is presently -250.00%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CWH shares. Raymond James Financial dropped their target price on shares of Camping World from $20.00 to $18.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. KeyCorp upped their price target on shares of Camping World from $18.00 to $21.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Citigroup restated a "buy" rating and set a $23.00 price target (up previously from $21.00) on shares of Camping World in a research report on Monday, June 16th. Finally, Truist Financial upped their price target on shares of Camping World from $16.00 to $20.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $21.78.

Camping World 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.