Camping World Holdings, Inc. (NYSE:CWH) Short Interest Up 13.7% in October


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Camping World Holdings, Inc. (NYSE:CWH) saw a significant growth in short interest during the month of October. As of October 30th, there was short interest totalling 5,980,000 shares, a growth of 13.7% from the October 15th total of 5,260,000 shares. Based on an average trading volume of 2,850,000 shares, the short-interest ratio is presently 2.1 days.

Shares of NYSE:CWH traded down $0.42 during trading on Friday, hitting $28.80. 1,187,484 shares of the company were exchanged, compared to its average volume of 2,155,432. The stock has a market capitalization of $2.56 billion, a P/E ratio of 15.40, a PEG ratio of 0.30 and a beta of 3.73. The company has a debt-to-equity ratio of 36.36, a current ratio of 1.57 and a quick ratio of 0.67. Camping World has a 12-month low of $3.40 and a 12-month high of $42.49. The firm’s 50 day moving average price is $29.26 and its 200-day moving average price is $28.26.

Camping World (NYSE:CWH) last released its quarterly earnings results on Saturday, November 7th. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $0.90 by $0.68. Camping World had a net margin of 1.51% and a negative return on equity of 270.25%. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the firm earned $0.14 EPS. Camping World’s revenue for the quarter was up 21.0% on a year-over-year basis. As a group, equities research analysts anticipate that Camping World will post 2.77 EPS for the current year.

The firm also recently declared a None dividend, which will be paid on Tuesday, December 29th. Investors of record on Tuesday, December 15th will be given a $1.00 dividend. This is an increase from Camping World’s previous None dividend of $0.15. The ex-dividend date is Monday, December 14th. This represents a yield of 1.2%. Camping World’s dividend payout ratio is -55.38%.

In related news, CEO Marcus Lemonis purchased 3,395 shares of the firm’s stock in a transaction on Friday, September 4th. The stock was acquired at an average price of $29.57 per share, with a total value of $100,390.15. Following the completion of the acquisition, the chief executive officer now owns 544,221 shares in the company, valued at approximately $16,092,614.97. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have purchased 42,700 shares of company stock valued at $1,308,115 in the last three months. 49.80% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Morgan Stanley increased its stake in Camping World by 109.6% in the 1st quarter. Morgan Stanley now owns 810,478 shares of the company’s stock valued at $4,612,000 after buying an additional 423,790 shares during the period. State Street Corp increased its stake in Camping World by 0.9% in the 1st quarter. State Street Corp now owns 672,540 shares of the company’s stock valued at $3,827,000 after buying an additional 6,044 shares during the period. First Trust Advisors LP acquired a new position in Camping World in the 2nd quarter valued at $2,229,000. Strs Ohio acquired a new position in Camping World in the 2nd quarter valued at $323,000. Finally, Allworth Financial LP acquired a new position in Camping World in the 2nd quarter valued at $27,000. Hedge funds and other institutional investors own 36.25% of the company’s stock.

A number of research analysts have issued reports on the stock. Truist reaffirmed a “buy” rating and issued a $38.00 price target on shares of Camping World in a report on Wednesday, September 16th. TheStreet upgraded shares of Camping World from a “d” rating to a “c” rating in a research report on Thursday, August 6th. Monness Crespi & Hardt raised their price target on shares of Camping World from $33.00 to $49.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. raised their price target on shares of Camping World from $40.00 to $44.00 and gave the company an “overweight” rating in a research report on Wednesday, September 16th. Finally, Stephens raised their price target on shares of Camping World from $33.00 to $50.00 in a research report on Thursday, August 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $29.91.

Camping World Company Profile

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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