Camping World (NYSE:CWH) Stock Price Down 16.6% – Should You Sell?

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

Analyst Upgrades and Downgrades

Several analysts have commented on CWH shares. Robert W. Baird reissued a “neutral” rating and issued a $18.00 target price (down from $28.00) on shares of Camping World in a research report on Friday. KeyCorp cut their target price on Camping World from $27.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, March 20th. Truist Financial upped their price target on Camping World from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Finally, Bank of America assumed coverage on Camping World in a report on Thursday, December 19th. They issued a “buy” rating and a $30.00 target price for the company. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $25.88.

Camping World Trading Down 8.2 %

The business has a 50-day moving average of $19.54 and a two-hundred day moving average of $21.69. The company has a quick ratio of 0.19, a current ratio of 1.23 and a debt-to-equity ratio of 9.67. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of -18.69, 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, meeting analysts’ consensus estimates of ($0.55). Camping World had a negative return on equity of 23.77% and a negative net margin of 0.40%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Research analysts predict that Camping World Holdings, Inc. will post -0.66 EPS for the current fiscal year.

Camping World Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were issued a $0.125 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.88%. Camping World’s payout ratio is presently -65.79%.

Insider Activity at Camping World

In other Camping World news, President Matthew D. Wagner purchased 5,725 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average cost of $17.61 per share, with a total value of $100,817.25. Following the acquisition, the president now directly owns 300,640 shares of the company’s stock, valued at approximately $5,294,270.40. This trade represents a 1.94 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 43.80% of the stock is owned by insiders.

Institutional Trading of Camping World

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Camelot Portfolios LLC raised its position in Camping World by 3.7% in the 4th quarter. Camelot Portfolios LLC now owns 14,100 shares of the company’s stock worth $297,000 after purchasing an additional 500 shares during the last quarter. Blue Trust Inc. raised its position in shares of Camping World by 195.0% during the fourth quarter. Blue Trust Inc. now owns 1,534 shares of the company’s stock worth $32,000 after acquiring an additional 1,014 shares during the last quarter. Summit Investment Advisors Inc. lifted its stake in shares of Camping World by 33.4% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,546 shares of the company’s stock valued at $117,000 after acquiring an additional 1,390 shares during the period. XTX Topco Ltd lifted its stake in shares of Camping World by 17.8% during the fourth quarter. XTX Topco Ltd now owns 16,373 shares of the company’s stock valued at $345,000 after acquiring an additional 2,470 shares during the period. Finally, Mpwm Advisory Solutions LLC bought a new position in Camping World in the fourth quarter valued at about $63,000. 52.54% of the stock is currently 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.