Camping World Holdings, Inc. (NYSE:CWH) CEO Marcus Lemonis Sells 125,000 Shares of Stock

Camping World Holdings, Inc. (NYSE:CWH) CEO Marcus Lemonis sold 125,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $22.84, for a total value of $2,855,000.00. Following the completion of the sale, the chief executive officer now owns 155,268 shares in the company, valued at approximately $3,546,321.12. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Marcus Lemonis also recently made the following trade(s):

• On Wednesday, September 11th, Marcus Lemonis sold 121,450 shares of Camping World stock. The shares were sold at an average price of $21.80, for a total value of $2,647,610.00.

Camping World Stock Performance

Shares of CWH opened at $23.31 on Friday. Camping World Holdings, Inc. has a 1 year low of $16.18 and a 1 year high of $28.72. The company’s 50 day simple moving average is $21.23 and its 200 day simple moving average is $21.91. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of -582.60 and a beta of 2.47. The company has a debt-to-equity ratio of 10.08, a quick ratio of 0.19 and a current ratio of 1.19.

Camping World (NYSE:CWH) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). The business had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Camping World had a negative return on equity of 10.04% and a negative net margin of 0.22%. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 EPS. On average, sell-side analysts predict that Camping World Holdings, Inc. will post -0.61 EPS for the current year.

Camping World Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Friday, September 13th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Friday, September 13th. Camping World’s dividend payout ratio (DPR) is -1,249.69%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew 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 valued at $105,966,000 after purchasing an additional 122,856 shares during the period. SG Capital Management LLC purchased a new stake in shares of Camping World during the 1st quarter valued at $3,889,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Camping World during the 1st quarter worth $9,403,000. Kingsview Wealth Management LLC raised its position 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 worth $4,533,000 after buying an additional 142,846 shares during the period. Finally, Capital Research Global Investors boosted its holdings in Camping World by 31.2% in the first quarter. Capital Research Global Investors now owns 2,159,037 shares of the company’s stock valued at $60,129,000 after acquiring an additional 513,320 shares during the last quarter. Institutional investors and hedge funds own 52.54% of the company’s stock.

Analyst Upgrades and Downgrades

CWH has been the topic of several recent research reports. Roth Mkm decreased their price objective on shares of Camping World from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Monness Crespi & Hardt reduced their price target on shares of Camping World from $29.00 to $24.00 and set a “buy” rating on the stock in a report on Wednesday, June 26th. Truist Financial dropped their price objective on shares of Camping World from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, KeyCorp reduced their target price on Camping World from $26.00 to $25.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $25.43.

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.