Camping World Holdings, Inc. (NYSE:CWH) Short Interest Update

Camping World Holdings, Inc. (NYSE:CWH) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 7,870,000 shares, a growth of 19.2% from the February 13th total of 6,600,000 shares. Based on an average daily trading volume, of 1,340,000 shares, the days-to-cover ratio is presently 5.9 days. Currently, 16.5% of the company’s stock are sold short.

Insider Transactions at Camping World

In other news, President Matthew D. Wagner acquired 5,725 shares of Camping World stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average cost of $17.61 per share, for a total transaction of $100,817.25. Following the completion of the purchase, the president now directly owns 300,640 shares of the company’s stock, valued at $5,294,270.40. This trade represents a 1.94 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 43.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Camping World by 39.2% during the fourth quarter. Vanguard Group Inc. now owns 5,787,609 shares of the company’s stock worth $122,003,000 after acquiring an additional 1,630,307 shares during the period. Eminence Capital LP grew its holdings in Camping World by 6.9% during the fourth quarter. Eminence Capital LP now owns 4,110,205 shares of the company’s stock worth $86,643,000 after acquiring an additional 264,935 shares during the period. Capital Research Global Investors grew its holdings in Camping World by 39.8% during the fourth quarter. Capital Research Global Investors now owns 3,422,710 shares of the company’s stock worth $72,151,000 after acquiring an additional 975,168 shares during the period. Hood River Capital Management LLC acquired a new position in Camping World during the fourth quarter worth about $62,142,000. Finally, Interval Partners LP grew its holdings in Camping World by 71.8% during the fourth quarter. Interval Partners LP now owns 2,875,845 shares of the company’s stock worth $60,623,000 after acquiring an additional 1,202,258 shares during the period. 52.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on CWH shares. Bank of America started coverage on Camping World in a research note on Thursday, December 19th. They set a “buy” rating and a $30.00 price objective on the stock. Truist Financial raised their target price on Camping World from $26.00 to $28.00 and gave the company 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $27.71.

Camping World Stock Performance

Shares of CWH traded up $0.33 during trading hours on Wednesday, reaching $17.42. 1,650,738 shares of the company’s stock traded hands, compared to its average volume of 1,174,012. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of -25.24, a P/E/G ratio of 0.92 and a beta of 2.57. The company has a debt-to-equity ratio of 9.67, a current ratio of 1.23 and a quick ratio of 0.19. Camping World has a twelve month low of $15.39 and a twelve month high of $28.33. The business’s fifty day simple moving average is $21.11 and its two-hundred day simple moving average is $22.21.

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

Camping World Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 14th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Friday, March 14th. Camping World’s payout ratio is currently -65.79%.

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.