Camping World (NYSE:CWH) Shares Gap Down – Should You Sell?

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.

Wall Street Analysts Forecast Growth

CWH has been the subject of a number of research analyst reports. StockNews.com upgraded Camping World from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Roth Mkm reiterated a “buy” rating and set a $28.00 target price (up from $26.00) on shares of Camping World in a research note on Wednesday, October 30th. KeyCorp increased their price target on shares of Camping World from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Truist Financial boosted their target price on shares of Camping World from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Finally, Bank of America initiated coverage on Camping World in a report on Thursday, December 19th. They set a “buy” rating and a $30.00 price objective on the stock. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $27.71.

Camping World Trading Up 0.2 %

The firm has a market cap of $1.77 billion, a PE ratio of -30.11, a PEG ratio of 0.92 and a beta of 2.49. 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 firm has a fifty day simple moving average of $22.09 and a two-hundred day simple moving average of $22.55.

Camping World (NYSE:CWH) last posted its quarterly earnings results on Tuesday, February 25th. The company reported ($0.55) EPS for the quarter, meeting analysts’ consensus estimates of ($0.55). The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Camping World had a negative net margin of 0.40% and a negative return on equity of 23.77%. Equities analysts forecast that Camping World Holdings, Inc. will post -0.66 EPS for the current year.

Camping World Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 2.40%. Camping World’s payout ratio is -72.46%.

Institutional Trading of Camping World

Institutional investors have recently added to or reduced their stakes in the company. Creative Planning lifted its stake in shares of Camping World by 8.7% during the 3rd quarter. Creative Planning now owns 11,133 shares of the company’s stock worth $270,000 after purchasing an additional 892 shares during the last quarter. Verdence Capital Advisors LLC boosted its holdings in Camping World by 1.6% during the third quarter. Verdence Capital Advisors LLC now owns 62,603 shares of the company’s stock worth $1,516,000 after buying an additional 965 shares in the last quarter. Tyler Stone Wealth Management raised its position in Camping World by 100.0% during the third quarter. Tyler Stone Wealth Management now owns 13,890 shares of the company’s stock worth $336,000 after acquiring an additional 6,945 shares during the period. Quest Partners LLC boosted its stake in shares of Camping World by 5,647.8% in the third quarter. Quest Partners LLC now owns 1,322 shares of the company’s stock worth $32,000 after acquiring an additional 1,299 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in Camping World during the third quarter worth about $261,000. Institutional investors 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.