Camping World Holdings, Inc. (NYSE:CWH) Short Interest Up 9.5% in March

Camping World Holdings, Inc. (NYSE:CWHGet Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 7,940,000 shares, an increase of 9.5% from the February 29th total of 7,250,000 shares. Approximately 19.2% of the shares of the company are short sold. Based on an average trading volume of 911,500 shares, the days-to-cover ratio is presently 8.7 days.

Analyst Ratings Changes

A number of brokerages recently issued reports on CWH. KeyCorp lifted their price objective on shares of Camping World from $25.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, January 12th. Stephens reissued an “overweight” rating and set a $28.00 price objective (up previously from $26.00) on shares of Camping World in a research note on Wednesday, January 17th. StockNews.com downgraded Camping World from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Roth Mkm assumed coverage on Camping World in a research report on Wednesday, December 13th. They set a “buy” rating and a $30.00 price objective for the company. Finally, Citigroup upped their price objective on Camping World from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Camping World currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.64.

Read Our Latest Report on CWH

Camping World Trading Up 1.4 %

Shares of Camping World stock traded up $0.38 on Wednesday, hitting $27.03. 374,976 shares of the company traded hands, compared to its average volume of 921,203. Camping World has a 52 week low of $16.18 and a 52 week high of $32.88. The company has a market cap of $2.29 billion, a PE ratio of 51.96 and a beta of 2.60. The stock’s 50 day moving average price is $26.07 and its 200-day moving average price is $23.25. The company has a current ratio of 1.21, a quick ratio of 0.16 and a debt-to-equity ratio of 7.55.

Camping World (NYSE:CWHGet Free Report) last issued its earnings results on Wednesday, February 21st. The company reported ($0.53) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.59) by $0.06. Camping World had a net margin of 0.50% and a return on equity of 16.62%. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the business earned ($0.33) EPS. The firm’s quarterly revenue was down 13.4% on a year-over-year basis. Equities research analysts predict that Camping World will post 1.06 EPS for the current year.

Camping World Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, March 14th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.50 annualized dividend and a yield of 1.85%. Camping World’s dividend payout ratio (DPR) is presently 96.16%.

Insider Buying and Selling at Camping World

In other news, CEO Marcus Lemonis sold 100,000 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $25.63, for a total value of $2,563,000.00. Following the transaction, the chief executive officer now directly owns 405,268 shares of the company’s stock, valued at $10,387,018.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 44.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CWH. IFP Advisors Inc boosted its holdings in Camping World by 932.8% in the third quarter. IFP Advisors Inc now owns 1,291 shares of the company’s stock worth $26,000 after acquiring an additional 1,166 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Camping World in the 2nd quarter worth approximately $28,000. ICA Group Wealth Management LLC purchased a new stake in Camping World during the 4th quarter worth approximately $35,000. Selway Asset Management acquired a new position in Camping World during the 3rd quarter valued at approximately $55,000. Finally, Ensign Peak Advisors Inc purchased a new position in shares of Camping World in the third quarter worth $70,000. 52.54% of the stock is owned by institutional investors.

Camping World Company Profile

(Get Free Report)

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.

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