SG Capital Management LLC Makes New $3.89 Million Investment in Camping World Holdings, Inc. (NYSE:CWH)

SG Capital Management LLC acquired a new position in shares of Camping World Holdings, Inc. (NYSE:CWH) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 139,625 shares of the company’s stock, valued at approximately $3,889,000.

Other hedge funds have also recently bought and sold shares of the company. ICA Group Wealth Management LLC bought a new stake in shares of Camping World during the fourth quarter worth $35,000. Russell Investments Group Ltd. grew its holdings in shares of Camping World by 6,495.0% during the first quarter. Russell Investments Group Ltd. now owns 3,957 shares of the company’s stock worth $110,000 after purchasing an additional 3,897 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Camping World during the fourth quarter worth $172,000. ProShare Advisors LLC bought a new stake in shares of Camping World during the first quarter worth $209,000. Finally, SG Americas Securities LLC bought a new stake in shares of Camping World during the fourth quarter worth $207,000. 52.54% of the stock is currently owned by institutional investors and hedge funds.

Camping World Stock Down 6.6 %

Shares of NYSE CWH traded down $1.44 during mid-day trading on Friday, reaching $20.53. 1,416,685 shares of the company’s stock were exchanged, compared to its average volume of 1,135,028. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of -513.12 and a beta of 2.54. The company has a current ratio of 1.19, a quick ratio of 0.17 and a debt-to-equity ratio of 11.24. The business has a fifty day simple moving average of $19.79 and a 200 day simple moving average of $22.78. Camping World Holdings, Inc. has a twelve month low of $16.18 and a twelve month high of $29.24.

Camping World (NYSE:CWH) last announced its earnings results on Wednesday, July 31st. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). Camping World had a negative net margin of 0.22% and a negative return on equity of 9.50%. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the business posted $0.60 EPS. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. As a group, equities analysts expect that Camping World Holdings, Inc. will post 0.79 EPS for the current fiscal year.

Camping World Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th were paid a $0.125 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.50 dividend on an annualized basis and a yield of 2.44%. Camping World’s dividend payout ratio is -1,249.69%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CWH. Truist Financial decreased their target price on Camping World from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Friday. Monness Crespi & Hardt decreased their price target on Camping World from $29.00 to $24.00 and set a “buy” rating on the stock in a report on Wednesday, June 26th. KeyCorp decreased their price target on Camping World from $26.00 to $25.00 and set an “overweight” rating on the stock in a report on Friday. Roth Mkm reiterated a “buy” rating and issued a $28.00 price target (down previously from $30.00) on shares of Camping World in a report on Friday, May 3rd. Finally, StockNews.com cut Camping World from a “hold” rating to a “sell” rating in a report on Friday, May 10th. One analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.50.

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.