Camping World (NYSE:CWH) Stock Price Down 16.6% – Time to Sell?

Shares of Camping World Holdings, Inc. (NYSE:CWH) fell 16.6% during mid-day trading on Thursday . The company traded as low as $14.00 and last traded at $14.00. 1,038,706 shares were traded during trading, a decline of 16% from the average session volume of 1,231,846 shares. The stock had previously closed at $16.78.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Bank of America initiated coverage on Camping World in a research report on Thursday, December 19th. They set a “buy” rating and a $30.00 target price on the stock. KeyCorp cut their price target on Camping World from $27.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, March 20th. Finally, Truist Financial raised their price target on Camping World from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.

Camping World Trading Down 16.1 %

The company has a debt-to-equity ratio of 9.67, a current ratio of 1.23 and a quick ratio of 0.19. The business’s fifty day moving average price is $19.92 and its 200 day moving average price is $21.82. The company has a market cap of $1.44 billion, a price-to-earnings ratio of -20.40, a price-to-earnings-growth ratio of 0.92 and a beta of 2.32.

Camping World (NYSE:CWH) last announced 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 business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.13 billion. Camping World had a negative net margin of 0.40% and a negative return on equity of 23.77%. Research analysts anticipate that Camping World Holdings, Inc. will post -0.66 earnings per share for the current fiscal year.

Camping World Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were given a dividend of $0.125 per share. The ex-dividend date was Friday, March 14th. This represents a $0.50 dividend on an annualized basis and a yield of 3.55%. Camping World’s dividend payout ratio is presently -65.79%.

Insider Transactions at Camping World

In other news, President Matthew D. Wagner acquired 5,725 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average cost of $17.61 per share, with a total value of $100,817.25. Following the acquisition, the president now owns 300,640 shares in the company, valued at approximately $5,294,270.40. This represents a 1.94 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 43.80% of the company’s stock.

Institutional Investors Weigh In On Camping World

Large investors have recently added to or reduced their stakes in the company. 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 buying an additional 1,014 shares during the period. Mpwm Advisory Solutions LLC bought a new position in shares of Camping World in the 4th quarter worth approximately $63,000. Sandia Investment Management LP purchased a new position in Camping World during the fourth quarter valued at $105,000. Summit Investment Advisors Inc. boosted its position 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 purchasing an additional 1,390 shares during the period. Finally, AlphaQuest LLC lifted its holdings in Camping World by 494.9% in the 4th quarter. AlphaQuest LLC now owns 7,865 shares of the company’s stock worth $166,000 after purchasing an additional 6,543 shares in the last quarter. 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.