Camping World Target of Unusually Large Options Trading (CWH)

Camping World (NYSE:CWH) was the recipient of unusually large options trading activity on Wednesday. Stock investors purchased 14,870 call options on the stock. This represents an increase of approximately 8,446% compared to the typical daily volume of 174 call options.

NYSE CWH traded down $1.51 during trading on Friday, reaching $30.93. 854,227 shares of the company’s stock traded hands, compared to its average volume of 1,459,925. The company has a debt-to-equity ratio of 9.99, a quick ratio of 0.29 and a current ratio of 1.36. Camping World has a 12-month low of $26.30 and a 12-month high of $47.62. The company has a market capitalization of $2,841.26, a price-to-earnings ratio of 13.51, a price-to-earnings-growth ratio of 0.84 and a beta of 2.83.

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Camping World (NYSE:CWH) last released its earnings results on Tuesday, February 27th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Camping World had a negative net margin of 0.42% and a positive return on equity of 384.26%. The company had revenue of $888.99 million during the quarter, compared to analysts’ expectations of $804.84 million. equities analysts expect that Camping World will post 2.9 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 16th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Thursday, March 15th. Camping World’s payout ratio is 13.97%.

Several brokerages have recently issued reports on CWH. ValuEngine upgraded shares of Camping World from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 1st. BMO Capital Markets upped their target price on shares of Camping World from $53.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, March 1st. Zacks Investment Research upgraded shares of Camping World from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research report on Monday, January 29th. Credit Suisse Group set a $52.00 price objective on shares of Camping World and gave the company a “buy” rating in a research report on Wednesday, February 28th. Finally, KeyCorp set a $52.00 price objective on shares of Camping World and gave the company a “buy” rating in a research report on Wednesday, February 28th. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $49.38.

In other news, CEO Marcus Lemonis sold 130,000 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $35.51, for a total value of $4,616,300.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 66.60% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC purchased a new stake in shares of Camping World in the fourth quarter valued at about $653,000. Glenmede Trust Co. NA acquired a new position in Camping World in the fourth quarter valued at about $41,478,000. Jane Street Group LLC acquired a new stake in shares of Camping World during the fourth quarter worth about $216,000. Millennium Management LLC lifted its position in shares of Camping World by 117.2% during the fourth quarter. Millennium Management LLC now owns 932,305 shares of the company’s stock worth $41,702,000 after purchasing an additional 503,079 shares in the last quarter. Finally, TIAA CREF Investment Management LLC lifted its position in shares of Camping World by 49.0% during the fourth quarter. TIAA CREF Investment Management LLC now owns 75,474 shares of the company’s stock worth $3,376,000 after purchasing an additional 24,815 shares in the last quarter. 42.80% of the stock is owned by institutional investors and hedge funds.

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Camping World Company Profile

Camping World Holdings, Inc, through its subsidiaries, provides a portfolio of services, protection plans, products, and resources for recreational vehicle (RV) owners and camping enthusiasts. The company operates through Consumer Services and Plans, and Retail segments. It provides emergency roadside assistance; property and casualty insurance programs; travel assist programs; extended vehicle service contracts; co-branded credit cards; vehicle financing and refinancing; club memberships; and publications and directories.

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