Camping World Holdings, Inc. (NYSE:CWH) CEO Marcus Lemonis Sells 121,450 Shares

Camping World Holdings, Inc. (NYSE:CWH) CEO Marcus Lemonis sold 121,450 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $21.80, for a total value of $2,647,610.00. Following the transaction, the chief executive officer now directly owns 155,268 shares of the company’s stock, valued at approximately $3,384,842.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Marcus Lemonis also recently made the following trade(s):

• On Friday, September 13th, Marcus Lemonis sold 125,000 shares of Camping World stock. The stock was sold at an average price of $22.84, for a total transaction of $2,855,000.00.

Camping World Stock Performance

NYSE:CWH traded up $1.17 during mid-day trading on Friday, hitting $23.31. The stock had a trading volume of 1,136,701 shares, compared to its average volume of 966,355. The company’s 50 day simple moving average is $21.12 and its 200 day simple moving average is $21.92. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of -583.10 and a beta of 2.47. The company has a debt-to-equity ratio of 10.08, a quick ratio of 0.19 and a current ratio of 1.19. Camping World Holdings, Inc. has a twelve month low of $16.18 and a twelve month high of $28.72.

Camping World (NYSE:CWH) last posted its earnings results on Wednesday, July 31st. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.87 billion. Camping World had a negative return on equity of 10.04% and a negative net margin of 0.22%. The firm’s revenue was down 5.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 earnings per share. On average, equities research analysts forecast that Camping World Holdings, Inc. will post -0.61 earnings per share for the current year.

Camping World Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Friday, September 13th will be issued a $0.125 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.50 annualized dividend and a yield of 2.15%. Camping World’s dividend payout ratio is currently -1,249.69%.

Analysts Set New Price Targets

Several brokerages have issued reports on CWH. Monness Crespi & Hardt lowered their price target on shares of Camping World from $29.00 to $24.00 and set a “buy” rating on the stock in a research note on Wednesday, June 26th. KeyCorp lowered their target price on Camping World from $26.00 to $25.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Truist Financial reduced their price target on Camping World from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, Roth Mkm decreased their price target on Camping World from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Camping World presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.43.

Institutional Investors Weigh In On Camping World

Institutional investors have recently made changes to their positions in the company. Coronation Fund Managers Ltd. increased its position in Camping World by 42.8% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 228,676 shares of the company’s stock worth $4,084,000 after buying an additional 68,517 shares during the period. The Manufacturers Life Insurance Company raised its stake in Camping World by 7.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,872 shares of the company’s stock worth $408,000 after purchasing an additional 1,491 shares in the last quarter. Maverick Capital Ltd. bought a new stake in Camping World in the 2nd quarter valued at about $965,000. Eminence Capital LP grew its position in shares of Camping World by 79.8% during the 2nd quarter. Eminence Capital LP now owns 4,344,303 shares of the company’s stock worth $77,589,000 after purchasing an additional 1,927,977 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its holdings in shares of Camping World by 419.3% during the second quarter. Cubist Systematic Strategies LLC now owns 48,812 shares of the company’s stock worth $872,000 after purchasing an additional 39,412 shares during the period. Institutional investors own 52.54% of the company’s stock.

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.