Camping World (NYSE:CWH) Shares Gap Down – Here’s Why

Shares of Camping World Holdings, Inc. (NYSE:CWH) gapped down prior to trading on Monday . The stock had previously closed at $23.12, but opened at $22.32. Camping World shares last traded at $22.80, with a volume of 45,383 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CWH shares. Monness Crespi & Hardt lifted their price target on shares of Camping World from $24.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Truist Financial boosted their price target on Camping World from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. JPMorgan Chase & Co. restated a “neutral” rating and set a $24.00 price objective (down from $25.00) on shares of Camping World in a report on Monday. Roth Mkm reduced their target price on Camping World from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Finally, KeyCorp lowered their price target on Camping World from $26.00 to $25.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Camping World has a consensus rating of “Moderate Buy” and an average price target of $27.29.

Camping World Price Performance

The company has a quick ratio of 0.19, a current ratio of 1.19 and a debt-to-equity ratio of 10.08. The stock has a market capitalization of $1.80 billion, a PE ratio of -531.75 and a beta of 2.47. The stock’s 50-day moving average is $22.67 and its 200 day moving average is $21.26.

Camping World (NYSE:CWH) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.10). Camping World had a negative return on equity of 10.04% and a negative net margin of 0.22%. The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the prior year, the business posted $0.60 earnings per share. Camping World’s revenue was down 5.3% on a year-over-year basis. As a group, equities analysts predict that Camping World Holdings, Inc. will post -0.6 earnings per share for the current year.

Camping World Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Friday, September 13th were paid a $0.125 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.50 annualized dividend and a dividend yield of 2.35%. Camping World’s payout ratio is -1,250.00%.

Insiders Place Their Bets

In other Camping World news, CEO Marcus Lemonis sold 125,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $22.84, for a total transaction of $2,855,000.00. Following the transaction, the chief executive officer now owns 155,268 shares in the company, valued at $3,546,321.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 43.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Point72 DIFC Ltd bought a new position in shares of Camping World during the 2nd quarter worth about $50,000. Russell Investments Group Ltd. grew its position in Camping World by 6,495.0% during the first quarter. Russell Investments Group Ltd. now owns 3,957 shares of the company’s stock worth $110,000 after buying an additional 3,897 shares in the last quarter. nVerses Capital LLC bought a new position in Camping World during the third quarter valued at about $191,000. Telos Capital Management Inc. bought a new stake in shares of Camping World in the 2nd quarter worth approximately $196,000. Finally, ProShare Advisors LLC acquired a new stake in shares of Camping World during the 1st quarter worth approximately $209,000. 52.54% of the stock is currently owned by institutional investors and hedge funds.

Camping World Company 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.