Camping World (NYSE:CWH) was the target of a large increase in short interest during the month of March. As of March 29th, there was short interest totalling 3,392,905 shares, an increase of 66.2% from the March 15th total of 2,041,384 shares. Based on an average daily volume of 1,305,726 shares, the short-interest ratio is currently 2.6 days. Approximately 10.7% of the shares of the company are short sold.
Shares of Camping World stock opened at $28.14 on Thursday. The company has a debt-to-equity ratio of 9.99, a quick ratio of 0.29 and a current ratio of 1.36. The firm has a market cap of $2,343.77, a price-to-earnings ratio of 12.29, a price-to-earnings-growth ratio of 0.69 and a beta of 2.83. Camping World has a 1-year low of $26.23 and a 1-year high of $47.62.
Camping World (NYSE:CWH) last announced its earnings results on Tuesday, February 27th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. The firm had revenue of $888.99 million for the quarter, compared to the consensus estimate of $804.84 million. Camping World had a positive return on equity of 384.26% and a negative net margin of 0.42%. research analysts forecast that Camping World will post 2.9 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Friday, March 16th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Thursday, March 15th. Camping World’s payout ratio is currently 13.97%.
In related news, CEO Marcus Lemonis sold 130,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 15th. The stock was 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 the SEC website. Company insiders own 49.20% of the company’s stock.
A number of institutional investors have recently made changes to their positions in CWH. California Public Employees Retirement System increased its position in shares of Camping World by 13.7% during the 4th quarter. California Public Employees Retirement System now owns 10,800 shares of the company’s stock valued at $483,000 after purchasing an additional 1,300 shares during the period. Ameriprise Financial Inc. increased its position in shares of Camping World by 0.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 269,493 shares of the company’s stock valued at $10,980,000 after purchasing an additional 2,362 shares during the period. Legal & General Group Plc grew its holdings in shares of Camping World by 85.9% in the 3rd quarter. Legal & General Group Plc now owns 6,233 shares of the company’s stock worth $252,000 after acquiring an additional 2,880 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Camping World by 12.4% in the 4th quarter. Rhumbline Advisers now owns 28,461 shares of the company’s stock worth $1,273,000 after acquiring an additional 3,135 shares during the last quarter. Finally, Meridian Investment Counsel Inc. acquired a new position in shares of Camping World in the 4th quarter worth $201,000. 42.80% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages recently issued reports on CWH. ValuEngine downgraded Camping World from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 12th. Monness Crespi & Hardt reissued a “buy” rating and issued a $55.00 price target (up previously from $47.00) on shares of Camping World in a report on Monday, January 29th. TheStreet downgraded Camping World from a “c-” rating to a “d+” rating in a report on Tuesday, April 10th. BMO Capital Markets raised their price target on Camping World from $53.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, March 1st. Finally, Northcoast Research assumed coverage on Camping World in a research note on Friday, January 26th. They set a “buy” rating and a $56.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $49.00.
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About Camping World
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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