Camping World (NYSE:CWH) Trading Down 6.8%

Camping World Holdings Inc (NYSE:CWH)’s share price dropped 6.8% during mid-day trading on Thursday . The company traded as low as $7.25 and last traded at $7.50, approximately 1,557,342 shares were traded during trading. An increase of 76% from the average daily volume of 886,873 shares. The stock had previously closed at $8.05.

CWH has been the topic of a number of research reports. BMO Capital Markets reduced their target price on shares of Camping World from $11.00 to $9.00 and set a “market perform” rating on the stock in a report on Friday, August 9th. Monness Crespi & Hardt reiterated a “buy” rating and set a $14.00 target price (down from $19.00) on shares of Camping World in a report on Thursday, August 8th. JPMorgan Chase & Co. lowered shares of Camping World from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $19.00 to $11.00 in a report on Thursday, August 8th. Zacks Investment Research upgraded shares of Camping World from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 7th. Finally, ValuEngine upgraded shares of Camping World from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $13.68.

The stock’s 50-day simple moving average is $10.99 and its 200 day simple moving average is $12.71. The company has a debt-to-equity ratio of 264.05, a quick ratio of 0.22 and a current ratio of 1.35. The company has a market capitalization of $742.93 million, a PE ratio of 6.70, a P/E/G ratio of 1.41 and a beta of 2.91.

Camping World (NYSE:CWH) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.19). Camping World had a negative net margin of 0.37% and a negative return on equity of 7.82%. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the prior year, the company posted $0.96 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, analysts expect that Camping World Holdings Inc will post 0.53 earnings per share for the current year.

In other news, insider Marcus Lemonis acquired 8,410 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were bought at an average cost of $11.91 per share, with a total value of $100,163.10. Following the transaction, the insider now owns 207,504 shares in the company, valued at approximately $2,471,372.64. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Melvin Flanigan acquired 36,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was purchased at an average cost of $8.25 per share, for a total transaction of $297,000.00. Following the completion of the transaction, the chief financial officer now owns 98,500 shares in the company, valued at approximately $812,625. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 287,537 shares of company stock worth $3,040,885. Insiders own 49.40% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Abrams Capital Management L.P. grew its position in shares of Camping World by 2.2% in the 1st quarter. Abrams Capital Management L.P. now owns 3,945,362 shares of the company’s stock valued at $54,880,000 after buying an additional 86,554 shares during the last quarter. Norges Bank purchased a new position in shares of Camping World in the 4th quarter valued at $189,000. Factorial Partners LLC purchased a new position in shares of Camping World in the 1st quarter valued at $362,000. Legal & General Group Plc grew its position in shares of Camping World by 6.4% in the 4th quarter. Legal & General Group Plc now owns 12,426 shares of the company’s stock valued at $143,000 after buying an additional 745 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Camping World by 8.1% in the 4th quarter. Geode Capital Management LLC now owns 328,511 shares of the company’s stock valued at $3,768,000 after buying an additional 24,674 shares during the last quarter. 40.00% of the stock is currently owned by hedge funds and other institutional investors.

About Camping World (NYSE:CWH)

Camping World Holdings, Inc, through its subsidiaries, operates as an outdoor and camping retailer. The company operates through three segments: Consumer Services and Plans, Dealership, and Retail. It provides a portfolio of services, protection plans, products, and resources for recreational vehicle (RV) owners and camping enthusiasts.

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