Short Interest in Camping World Holdings, Inc. (NYSE:CWH) Drops By 7.1%

Camping World Holdings, Inc. (NYSE:CWH) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 7,380,000 shares, a drop of 7.1% from the March 15th total of 7,940,000 shares. Currently, 17.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 905,300 shares, the days-to-cover ratio is presently 8.2 days.

Insider Buying and Selling at Camping World

In other Camping World news, CEO Marcus Lemonis sold 100,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $25.63, for a total value of $2,563,000.00. Following the transaction, the chief executive officer now directly owns 405,268 shares of the company’s stock, valued at approximately $10,387,018.84. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 43.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CWH. Eminence Capital LP bought a new position in Camping World during the fourth quarter worth $37,451,000. Bank of America Corp DE boosted its stake in Camping World by 2,772.8% during the fourth quarter. Bank of America Corp DE now owns 1,306,362 shares of the company’s stock worth $29,158,000 after acquiring an additional 1,260,888 shares in the last quarter. Balyasny Asset Management L.P. boosted its stake in Camping World by 553.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,286,242 shares of the company’s stock worth $33,777,000 after acquiring an additional 1,089,340 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Camping World by 114.4% during the second quarter. JPMorgan Chase & Co. now owns 65,584 shares of the company’s stock worth $1,416,000 after acquiring an additional 519,850 shares in the last quarter. Finally, Two Sigma Investments LP boosted its stake in Camping World by 522.5% during the first quarter. Two Sigma Investments LP now owns 493,990 shares of the company’s stock worth $10,310,000 after acquiring an additional 414,639 shares in the last quarter. Institutional investors and hedge funds own 52.54% of the company’s stock.

Wall Street Analysts Forecast Growth

CWH has been the topic of several research reports. Citigroup lifted their price target on shares of Camping World from $26.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. Truist Financial lifted their price target on shares of Camping World from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, January 9th. StockNews.com lowered shares of Camping World from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Stephens reaffirmed an “overweight” rating and set a $28.00 price target (up from $26.00) on shares of Camping World in a report on Wednesday, January 17th. Finally, KeyCorp lifted their price target on shares of Camping World from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Camping World currently has a consensus rating of “Moderate Buy” and an average price target of $30.64.

Camping World Stock Down 3.6 %

Shares of NYSE CWH opened at $21.47 on Thursday. The company has a market capitalization of $1.82 billion, a P/E ratio of 41.29 and a beta of 2.60. Camping World has a 52-week low of $16.18 and a 52-week high of $32.88. The company has a debt-to-equity ratio of 7.55, a quick ratio of 0.16 and a current ratio of 1.21. The company’s 50 day moving average price is $25.90 and its 200-day moving average price is $23.56.

Camping World (NYSE:CWH) last issued its quarterly earnings results on Wednesday, February 21st. The company reported ($0.53) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.06. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.15 billion. Camping World had a net margin of 0.50% and a return on equity of 16.62%. The company’s revenue for the quarter was down 13.4% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.33) EPS. Equities analysts forecast that Camping World will post 1.06 earnings per share for the current year.

Camping World Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, March 14th were given a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.33%. Camping World’s dividend payout ratio (DPR) is currently 96.16%.

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.