Camping World (NYSE:CWH) Shares Gap Down – What’s Next?

Camping World Holdings, Inc. (NYSE:CWH)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $20.80, but opened at $20.01. Camping World shares last traded at $21.15, with a volume of 200,280 shares traded.

Analyst Upgrades and Downgrades

CWH has been the subject of a number of recent research reports. StockNews.com upgraded shares of Camping World from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Roth Mkm restated a “buy” rating and set a $28.00 target price (up from $26.00) on shares of Camping World in a research report on Wednesday, October 30th. Truist Financial increased their price objective on Camping World from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, February 10th. KeyCorp boosted their target price on shares of Camping World from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, Raymond James upgraded Camping World from a “market perform” rating to an “outperform” rating and set a $27.00 target price for the company in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $27.71.

Camping World Price Performance

The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of -30.11, a PEG ratio of 0.92 and a beta of 2.49. The business has a 50-day moving average price of $22.09 and a two-hundred day moving average price of $22.55. The company has a current ratio of 1.23, a quick ratio of 0.19 and a debt-to-equity ratio of 9.67.

Camping World (NYSE:CWH) last announced its quarterly earnings data on Tuesday, February 25th. The company reported ($0.55) earnings per share for the quarter, meeting the consensus estimate 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 during the quarter, compared to analyst estimates of $1.13 billion. As a group, research analysts forecast that Camping World Holdings, Inc. will post -0.66 EPS for the current year.

Camping World Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 14th will be paid a $0.125 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.50 dividend on an annualized basis and a yield of 2.40%. Camping World’s dividend payout ratio (DPR) is currently -72.46%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. University of Texas Texas AM Investment Management Co. increased its position in shares of Camping World by 85.7% during the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 85,352 shares of the company’s stock valued at $1,799,000 after purchasing an additional 39,396 shares during the period. Castleark Management LLC acquired a new position in Camping World during the fourth quarter valued at approximately $3,605,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Camping World during the fourth quarter worth about $63,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Camping World by 26.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 101,594 shares of the company’s stock worth $2,142,000 after purchasing an additional 21,143 shares in the last quarter. Finally, Two Sigma Advisers LP increased its position in shares of Camping World by 121.7% in the fourth quarter. Two Sigma Advisers LP now owns 242,800 shares of the company’s stock valued at $5,118,000 after acquiring an additional 133,300 shares during the last quarter. Institutional investors and hedge funds own 52.54% of the company’s stock.

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.