Camping World Target of Unusually Large Options Trading (NYSE:CWH)

Camping World (NYSE:CWH) was the target of some unusual options trading on Wednesday. Investors bought 40,244 call options on the stock. This is an increase of 2,912% compared to the typical volume of 1,336 call options.

Camping World Stock Down 6.2%

Shares of CWH stock traded down $0.63 during trading on Wednesday, hitting $9.54. 2,448,958 shares of the company were exchanged, compared to its average volume of 2,194,194. The business’s 50-day simple moving average is $14.86 and its 200 day simple moving average is $16.33. Camping World has a twelve month low of $9.49 and a twelve month high of $25.97. The firm has a market capitalization of $975.44 million, a price-to-earnings ratio of -10.25 and a beta of 1.91. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.27 and a current ratio of 1.26.

Camping World (NYSE:CWH) last released its earnings results on Tuesday, October 28th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.10. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.75 billion. Camping World had a negative net margin of 0.85% and a positive return on equity of 3.80%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.17 EPS. As a group, analysts forecast that Camping World will post -0.66 EPS for the current fiscal year.

Camping World Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 15th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.50 dividend on an annualized basis and a yield of 5.2%. Camping World’s dividend payout ratio (DPR) is presently -53.76%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Quarry LP raised its stake in shares of Camping World by 2,275.8% during the 3rd quarter. Quarry LP now owns 1,568 shares of the company’s stock worth $25,000 after purchasing an additional 1,502 shares in the last quarter. State of Wyoming bought a new stake in shares of Camping World in the 3rd quarter valued at approximately $43,000. US Bancorp DE acquired a new position in Camping World in the first quarter worth approximately $72,000. Aster Capital Management DIFC Ltd bought a new position in Camping World during the third quarter valued at approximately $83,000. Finally, Russell Investments Group Ltd. lifted its stake in Camping World by 923.8% in the third quarter. Russell Investments Group Ltd. now owns 5,539 shares of the company’s stock valued at $87,000 after acquiring an additional 4,998 shares during the last quarter. Hedge funds and other institutional investors own 52.54% of the company’s stock.

Wall Street Analysts Forecast Growth

CWH has been the topic of several recent analyst reports. Loop Capital assumed coverage on Camping World in a report on Friday, October 31st. They set a “buy” rating and a $17.00 price objective on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Camping World in a report on Thursday, November 13th. Citigroup reduced their price target on shares of Camping World from $22.00 to $18.00 and set a “buy” rating for the company in a research report on Friday, October 31st. JPMorgan Chase & Co. lowered their price objective on shares of Camping World from $22.00 to $19.00 and set an “overweight” rating on the stock in a research report on Monday, November 3rd. Finally, BMO Capital Markets restated an “outperform” rating and issued a $22.00 target price on shares of Camping World in a report on Thursday, October 30th. Nine analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $18.90.

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.