Camping World (NYSE:CWH) Stock Price Down 7% – Here’s What Happened

Camping World Holdings, Inc. (NYSE:CWH) was down 7% during trading on Friday . The company traded as low as $12.04 and last traded at $12.03. Approximately 300,232 shares traded hands during trading, a decline of 81% from the average daily volume of 1,585,943 shares. The stock had previously closed at $12.94.

Wall Street Analysts Forecast Growth

CWH has been the subject of several recent analyst reports. Truist Financial lifted their target price 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. Bank of America started coverage on Camping World in a research note on Thursday, December 19th. They issued a “buy” rating and a $30.00 target price for the company. Baird R W lowered Camping World from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Robert W. Baird reaffirmed a “neutral” rating and set a $18.00 price objective (down previously from $28.00) on shares of Camping World in a research note on Friday, April 4th. Finally, KeyCorp decreased their target price on shares of Camping World from $27.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, March 20th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $25.88.

Camping World Stock Performance

The stock’s 50-day moving average is $18.34 and its 200-day moving average is $21.23. The company has a current ratio of 1.23, a quick ratio of 0.19 and a debt-to-equity ratio of 9.67. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -17.46, a P/E/G ratio of 0.92 and a beta of 2.32.

Camping World (NYSE:CWH) last released its quarterly earnings data on Tuesday, February 25th. The company reported ($0.55) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.55). Camping World had a negative net margin of 0.40% and a negative return on equity of 23.77%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.13 billion. On average, analysts expect that Camping World Holdings, Inc. will post -0.66 EPS for the current year.

Camping World Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend was Friday, March 14th. Camping World’s dividend payout ratio is presently -65.79%.

Insider Transactions at Camping World

In related news, President Matthew D. Wagner purchased 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, with a total value of $100,817.25. Following the transaction, the president now owns 300,640 shares of the company’s stock, valued at approximately $5,294,270.40. The trade was a 1.94 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 43.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Blue Trust Inc. increased its stake in Camping World by 195.0% during the 4th quarter. Blue Trust Inc. now owns 1,534 shares of the company’s stock worth $32,000 after buying an additional 1,014 shares during the period. Mpwm Advisory Solutions LLC purchased a new stake in shares of Camping World during the fourth quarter worth about $63,000. Sandia Investment Management LP acquired a new position in shares of Camping World in the fourth quarter worth about $105,000. Summit Investment Advisors Inc. boosted its holdings in Camping World by 33.4% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,546 shares of the company’s stock valued at $117,000 after purchasing an additional 1,390 shares during the last quarter. Finally, AlphaQuest LLC boosted its holdings in Camping World by 494.9% in the fourth quarter. AlphaQuest LLC now owns 7,865 shares of the company’s stock valued at $166,000 after purchasing an additional 6,543 shares during the last quarter. 52.54% of the stock is owned by institutional investors and hedge funds.

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.