Camping World Target of Unusually High Options Trading (NYSE:CWH)

Camping World Holdings, Inc. (NYSE:CWH) saw unusually large options trading activity on Tuesday. Traders purchased 8,705 call options on the company. This represents an increase of approximately 340% compared to the average daily volume of 1,980 call options.

Camping World Price Performance

NYSE CWH traded down $0.12 during trading hours on Tuesday, reaching $16.99. The company’s stock had a trading volume of 785,456 shares, compared to its average volume of 1,168,491. The company has a quick ratio of 0.19, a current ratio of 1.23 and a debt-to-equity ratio of 9.67. The firm’s 50-day moving average price is $21.20 and its 200-day moving average price is $22.24. Camping World has a 1 year low of $15.39 and a 1 year high of $28.33. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of -24.60, a PEG ratio of 0.92 and a beta of 2.57.

Camping World (NYSE:CWH) last issued its quarterly earnings data on Tuesday, February 25th. The company reported ($0.55) earnings per share for the quarter, hitting the consensus estimate of ($0.55). The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Camping World had a negative return on equity of 23.77% and a negative net margin of 0.40%. On average, equities research analysts predict that Camping World will post -0.66 EPS for the current fiscal year.

Camping World Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 14th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Friday, March 14th. Camping World’s dividend payout ratio is presently -65.79%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Bank of America began coverage on shares of Camping World in a report on Thursday, December 19th. They set a “buy” rating and a $30.00 price target for the company. Truist Financial raised their price target on shares of Camping World from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Camping World has an average rating of “Moderate Buy” and an average price target of $27.71.

Insider Transactions at Camping World

In related news, President Matthew D. Wagner bought 5,725 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average cost of $17.61 per share, for a total transaction of $100,817.25. Following the transaction, the president now owns 300,640 shares in the company, valued at $5,294,270.40. The trade was a 1.94 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 43.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Camping World

A number of hedge funds have recently bought and sold shares of the stock. Quest Partners LLC lifted its stake in shares of Camping World by 5,647.8% during the 3rd quarter. Quest Partners LLC now owns 1,322 shares of the company’s stock worth $32,000 after purchasing an additional 1,299 shares during the last quarter. Blue Trust Inc. raised its holdings in Camping World by 195.0% in the fourth quarter. Blue Trust Inc. now owns 1,534 shares of the company’s stock worth $32,000 after purchasing an additional 1,014 shares in the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in shares of Camping World during the fourth quarter valued at about $63,000. Sandia Investment Management LP bought a new stake in shares of Camping World in the 4th quarter valued at about $105,000. Finally, Summit Investment Advisors Inc. boosted its holdings in shares of Camping World by 33.4% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,546 shares of the company’s stock valued at $117,000 after buying an additional 1,390 shares in the last quarter. Hedge funds and other institutional investors own 52.54% of the company’s stock.

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.