Camping World Holdings, Inc. (NYSE:CWH) Short Interest Down 6.4% in July

Camping World Holdings, Inc. (NYSE:CWH) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totalling 8,240,000 shares, a drop of 6.4% from the June 30th total of 8,800,000 shares. Based on an average daily volume of 1,030,000 shares, the days-to-cover ratio is currently 8.0 days. Currently, 20.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

A number of research firms have commented on CWH. KeyCorp reduced their price objective on shares of Camping World from $30.00 to $26.00 and set an “overweight” rating for the company in a research note on Friday, May 3rd. Roth Mkm reaffirmed a “buy” rating and issued a $28.00 price objective (down previously from $30.00) on shares of Camping World in a research note on Friday, May 3rd. StockNews.com downgraded shares of Camping World from a “hold” rating to a “sell” rating in a research note on Friday, May 10th. Truist Financial decreased their target price on Camping World from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Finally, Monness Crespi & Hardt dropped their price target on Camping World from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $26.88.

Camping World Stock Up 1.5 %

Shares of NYSE:CWH traded up $0.34 during midday trading on Wednesday, hitting $23.24. 121,748 shares of the stock were exchanged, compared to its average volume of 970,087. The business’s fifty day simple moving average is $19.63 and its two-hundred day simple moving average is $22.81. The company has a debt-to-equity ratio of 11.24, a quick ratio of 0.17 and a current ratio of 1.19. Camping World has a 52-week low of $16.18 and a 52-week high of $32.27. The company has a market capitalization of $1.96 billion, a PE ratio of -572.11 and a beta of 2.54.

Camping World (NYSE:CWH) last posted its quarterly earnings results on Wednesday, May 1st. The company reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.01). The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Camping World had a negative return on equity of 2.39% and a net margin of 0.09%. As a group, research analysts predict that Camping World will post 0.79 earnings per share for the current fiscal year.

Camping World Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Thursday, June 13th. Camping World’s dividend payout ratio (DPR) is presently -1,249.69%.

Institutional Trading of Camping World

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Camping World by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 4,035,275 shares of the company’s stock worth $105,966,000 after purchasing an additional 122,856 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Camping World during the 1st quarter valued at about $9,403,000. Kingsview Wealth Management LLC raised its stake in shares of Camping World by 479.8% in the 4th quarter. Kingsview Wealth Management LLC now owns 172,618 shares of the company’s stock valued at $4,533,000 after acquiring an additional 142,846 shares in the last quarter. Capital Research Global Investors lifted its holdings in Camping World by 31.2% in the 1st quarter. Capital Research Global Investors now owns 2,159,037 shares of the company’s stock worth $60,129,000 after purchasing an additional 513,320 shares during the last quarter. Finally, TCG Advisory Services LLC bought a new stake in Camping World during the fourth quarter worth approximately $2,203,000. 52.54% of the stock is owned by institutional investors.

About Camping World

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.