Camping World Holdings, Inc. (NYSE:CWH - Get Free Report)'s share price traded down 8.6% during mid-day trading on Wednesday . The stock traded as low as $23.73 and last traded at $23.75. 711,885 shares were traded during mid-day trading, a decline of 22% from the average session volume of 907,887 shares. The stock had previously closed at $25.98.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the stock. Stephens reissued an "overweight" rating and issued a $28.00 target price (up from $26.00) on shares of Camping World in a report on Wednesday, January 17th. StockNews.com downgraded Camping World from a "hold" rating to a "sell" rating in a research note on Friday, February 23rd. Roth Mkm assumed coverage on Camping World in a research note on Wednesday, December 13th. They issued a "buy" rating and a $30.00 price target for the company. KeyCorp upped their price target on Camping World from $25.00 to $30.00 and gave the stock an "overweight" rating in a research note on Friday, January 12th. Finally, Citigroup upped their price target on Camping World from $26.00 to $30.00 and gave the stock a "buy" rating in a research note on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $30.64.
Get Our Latest Research Report on CWH
Camping World Stock Down 8.7 %
The company has a current ratio of 1.21, a quick ratio of 0.16 and a debt-to-equity ratio of 7.55. The stock has a market capitalization of $2.01 billion, a P/E ratio of 45.62 and a beta of 2.60. The business has a 50-day moving average price of $26.13 and a 200 day moving average price of $23.46.
Camping World (NYSE:CWH - Get Free Report) last posted its earnings results on Wednesday, February 21st. The company reported ($0.53) EPS for the quarter, beating analysts' consensus estimates of ($0.59) by $0.06. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.15 billion. Camping World had a return on equity of 16.62% and a net margin of 0.50%. The company's quarterly revenue was down 13.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.33) EPS. On average, equities analysts expect that Camping World Holdings, Inc. will post 1.06 EPS for the current fiscal year.
Camping World Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 14th were given a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.50 dividend on an annualized basis and a yield of 2.11%. Camping World's dividend payout ratio is presently 96.15%.
Insider Buying and Selling
In related news, CEO Marcus Lemonis sold 100,000 shares of the firm's stock in a transaction on Friday, March 15th. The stock was sold at an average price of $25.63, for a total value of $2,563,000.00. Following the completion of the sale, the chief executive officer now directly owns 405,268 shares in the company, valued at $10,387,018.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 44.20% of the stock is owned by corporate insiders.
Institutional Trading of Camping World
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its stake in Camping World by 3.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,602 shares of the company's stock worth $284,000 after purchasing an additional 485 shares during the period. Mercer Global Advisors Inc. ADV increased its stake in Camping World by 3.0% in the first quarter. Mercer Global Advisors Inc. ADV now owns 18,250 shares of the company's stock worth $381,000 after purchasing an additional 539 shares during the period. Ameritas Investment Partners Inc. increased its stake in Camping World by 19.6% in the second quarter. Ameritas Investment Partners Inc. now owns 3,454 shares of the company's stock worth $104,000 after purchasing an additional 567 shares during the period. Principal Financial Group Inc. increased its stake in Camping World by 2.5% in the third quarter. Principal Financial Group Inc. now owns 26,808 shares of the company's stock worth $547,000 after purchasing an additional 646 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of Camping World during the second quarter valued at $28,000. Hedge funds and other institutional investors own 52.54% of the company's stock.
Camping World Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Camping World, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Camping World wasn't on the list.
While Camping World currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
