Camping World Holdings, Inc. (NYSE:CWH) Sees Significant Decline in Short Interest

Camping World Holdings, Inc. (NYSE:CWH) saw a large drop in short interest in January. As of January 31st, there was short interest totalling 7,050,000 shares, a drop of 6.7% from the January 15th total of 7,560,000 shares. Based on an average trading volume of 1,260,000 shares, the days-to-cover ratio is presently 5.6 days.

Analyst Ratings Changes

Several equities research analysts recently commented on CWH shares. Truist Financial boosted their price objective 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. StockNews.com upgraded Camping World from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Roth Mkm reissued a “buy” rating and issued a $28.00 target price (up from $26.00) on shares of Camping World in a research note on Wednesday, October 30th. KeyCorp upped their price target on shares of Camping World from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, Raymond James raised shares of Camping World from a “market perform” rating to an “outperform” rating and set a $27.00 target price for the company in a report on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Camping World presently has a consensus rating of “Moderate Buy” and an average target price of $27.71.

Camping World Stock Performance

Shares of NYSE CWH traded down $0.01 during midday trading on Tuesday, hitting $22.78. 87,187 shares of the stock traded hands, compared to its average volume of 1,198,763. The company has a debt-to-equity ratio of 9.67, a quick ratio of 0.19 and a current ratio of 1.23. Camping World has a one year low of $17.29 and a one year high of $28.72. The firm has a market capitalization of $1.93 billion, a P/E ratio of -33.02, a PEG ratio of 1.00 and a beta of 2.49. The firm has a 50-day moving average of $22.31 and a two-hundred day moving average of $22.50.

Camping World Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, December 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.20%. Camping World’s dividend payout ratio is currently -72.46%.

Hedge Funds Weigh In On Camping World

Institutional investors have recently made changes to their positions in the business. Quest Partners LLC boosted 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 acquiring an additional 1,299 shares during the last quarter. Blue Trust Inc. lifted its position in Camping World by 195.0% during the fourth quarter. Blue Trust Inc. now owns 1,534 shares of the company’s stock valued at $32,000 after purchasing an additional 1,014 shares in the last quarter. Mpwm Advisory Solutions LLC bought a new stake in Camping World during the fourth quarter valued at about $63,000. Sandia Investment Management LP purchased a new stake in Camping World in the fourth quarter worth about $105,000. Finally, Summit Investment Advisors Inc. raised its stake in shares of Camping World by 33.4% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,546 shares of the company’s stock worth $117,000 after buying an additional 1,390 shares during the period. Institutional investors own 52.54% of the company’s stock.

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.