Investors Buy Large Volume of Call Options on Camping World (NYSE:CWH)

Camping World (NYSE:CWH) was the recipient of unusually large options trading on Tuesday. Stock investors bought 6,979 call options on the stock. This is an increase of 389% compared to the typical volume of 1,427 call options.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Tudor Investment Corp ET AL increased its stake in shares of Camping World by 33.2% in the 3rd quarter. Tudor Investment Corp ET AL now owns 453,044 shares of the company’s stock valued at $7,154,000 after buying an additional 112,964 shares during the period. CIBC Bancorp USA Inc. acquired a new position in shares of Camping World during the third quarter valued at $678,000. Advisory Services Network LLC bought a new position in Camping World in the third quarter valued at about $109,000. Alyeska Investment Group L.P. increased its position in Camping World by 112.3% in the third quarter. Alyeska Investment Group L.P. now owns 649,000 shares of the company’s stock worth $10,248,000 after purchasing an additional 343,300 shares during the period. Finally, Quarry LP increased its position in Camping World by 2,275.8% in the third quarter. Quarry LP now owns 1,568 shares of the company’s stock worth $25,000 after purchasing an additional 1,502 shares during the period. Institutional investors and hedge funds own 52.54% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on CWH. JPMorgan Chase & Co. reduced their price objective on shares of Camping World from $22.00 to $19.00 and set an “overweight” rating for the company in a report on Monday, November 3rd. Zacks Research raised shares of Camping World from a “strong sell” rating to a “hold” rating in a research report on Friday, September 5th. Truist Financial decreased their price objective on Camping World from $20.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Citigroup lowered their price objective on Camping World from $22.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Finally, Loop Capital initiated coverage on Camping World in a research report on Friday, October 31st. They set a “buy” rating and a $17.00 target price for the company. Nine investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $18.90.

Camping World Stock Performance

NYSE:CWH opened at $10.67 on Thursday. The stock has a market capitalization of $1.09 billion, a P/E ratio of -11.47 and a beta of 1.95. The company has a current ratio of 1.26, a quick ratio of 0.27 and a debt-to-equity ratio of 3.29. Camping World has a 1 year low of $9.49 and a 1 year high of $25.27. The firm has a 50 day moving average of $12.94 and a 200-day moving average of $15.79.

Camping World (NYSE:CWH) last released its quarterly earnings results on Tuesday, October 28th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.10. Camping World had a positive return on equity of 3.80% and a negative net margin of 0.85%.The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same period last year, the firm posted $0.17 EPS. The business’s revenue was up 4.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Camping World will post -0.66 EPS for the current fiscal year.

Camping World Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Monday, December 15th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 4.7%. The ex-dividend date is Monday, December 15th. Camping World’s payout ratio is -53.76%.

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.