Short Interest in Camping World Holdings, Inc. (NYSE:CWH) Drops By 7.1%

Camping World Holdings, Inc. (NYSE:CWH) saw a significant decrease in short interest in March. As of March 31st, there was short interest totalling 7,380,000 shares, a decrease of 7.1% from the March 15th total of 7,940,000 shares. Based on an average daily volume of 905,300 shares, the short-interest ratio is presently 8.2 days. Approximately 17.8% of the company’s shares are sold short.

Insiders Place Their Bets

In other Camping World news, CEO Marcus Lemonis sold 100,000 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $25.63, for a total transaction of $2,563,000.00. Following the transaction, the chief executive officer now directly owns 405,268 shares in the company, valued at $10,387,018.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 47.50% of the stock is owned by insiders.

Institutional Trading of Camping World

A number of hedge funds and other institutional investors have recently made changes to their positions in CWH. Raymond James & Associates increased its position in shares of Camping World by 5.2% during the first quarter. Raymond James & Associates now owns 49,959 shares of the company’s stock worth $1,396,000 after purchasing an additional 2,448 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Camping World by 3.4% during the first quarter. Bank of New York Mellon Corp now owns 525,929 shares of the company’s stock worth $14,700,000 after purchasing an additional 17,443 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Camping World by 63.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 45,766 shares of the company’s stock worth $1,279,000 after purchasing an additional 17,848 shares in the last quarter. MetLife Investment Management LLC increased its position in shares of Camping World by 51.1% during the first quarter. MetLife Investment Management LLC now owns 23,224 shares of the company’s stock worth $649,000 after purchasing an additional 7,855 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its position in Camping World by 12,962.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 369,786 shares of the company’s stock valued at $10,318,000 after acquiring an additional 366,955 shares during the period. Institutional investors and hedge funds own 52.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. StockNews.com cut Camping World from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Stephens reiterated an “overweight” rating and issued a $28.00 price objective (up from $26.00) on shares of Camping World in a research note on Wednesday, January 17th. KeyCorp increased their price objective on Camping World from $25.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, January 12th. Citigroup increased their price objective on Camping World from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Finally, Truist Financial increased their price objective on Camping World from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $30.64.

Camping World Stock Down 1.8 %

Camping World stock opened at $22.94 on Tuesday. Camping World has a 1-year low of $16.18 and a 1-year high of $32.88. The company has a debt-to-equity ratio of 7.55, a current ratio of 1.21 and a quick ratio of 0.16. The stock has a market cap of $1.94 billion, a PE ratio of 44.12 and a beta of 2.60. The stock’s fifty day moving average is $26.02 and its two-hundred day moving average is $23.56.

Camping World (NYSE:CWH) last posted its quarterly earnings results on Wednesday, February 21st. The company reported ($0.53) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.59) by $0.06. Camping World had a return on equity of 16.62% and a net margin of 0.50%. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the firm earned ($0.33) earnings per share. Camping World’s quarterly revenue was down 13.4% on a year-over-year basis. On average, sell-side analysts expect that Camping World will post 1.06 EPS for the current fiscal year.

Camping World Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, March 14th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date was Wednesday, March 13th. Camping World’s dividend payout ratio (DPR) is currently 96.15%.

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.