Camping World Holdings, Inc. (NYSE:CWH - Get Free Report) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 6,640,000 shares, an increase of 19.6% from the December 15th total of 5,550,000 shares. Based on an average daily volume of 1,510,000 shares, the short-interest ratio is presently 4.4 days.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $24.00 price objective (down previously from $25.00) on shares of Camping World in a research report on Monday, October 21st. Raymond James raised shares of Camping World from a "market perform" rating to an "outperform" rating and set a $27.00 price objective on the stock in a research report on Wednesday, October 30th. Roth Mkm reiterated a "buy" rating and set a $28.00 price objective (up previously from $26.00) on shares of Camping World in a research note on Wednesday, October 30th. StockNews.com upgraded shares of Camping World from a "sell" rating to a "hold" rating in a research note on Thursday, November 14th. Finally, Bank of America initiated coverage on Camping World in a research report on Thursday, December 19th. They set a "buy" rating and a $30.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $27.75.
View Our Latest Stock Analysis on CWH
Hedge Funds Weigh In On Camping World
A number of hedge funds and other institutional investors have recently bought and sold shares of CWH. JPMorgan Chase & Co. boosted its stake in shares of Camping World by 611.9% in the third quarter. JPMorgan Chase & Co. now owns 292,888 shares of the company's stock valued at $7,094,000 after buying an additional 251,748 shares in the last quarter. World Investment Advisors LLC purchased a new position in Camping World in the third quarter valued at about $258,000. Geode Capital Management LLC lifted its position in shares of Camping World by 4.5% during the 3rd quarter. Geode Capital Management LLC now owns 978,330 shares of the company's stock valued at $23,701,000 after acquiring an additional 41,705 shares during the period. Barclays PLC boosted its stake in shares of Camping World by 96.9% during the 3rd quarter. Barclays PLC now owns 317,052 shares of the company's stock worth $7,678,000 after acquiring an additional 156,055 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new stake in shares of Camping World in the 3rd quarter worth approximately $2,578,000. 52.54% of the stock is currently owned by hedge funds and other institutional investors.
Camping World Stock Performance
Shares of CWH traded down $0.28 during mid-day trading on Friday, hitting $22.90. 745,076 shares of the company's stock were exchanged, compared to its average volume of 1,070,124. Camping World has a fifty-two week low of $17.29 and a fifty-two week high of $28.72. The business's 50 day moving average is $22.74 and its two-hundred day moving average is $22.18. The company has a debt-to-equity ratio of 9.67, a current ratio of 1.23 and a quick ratio of 0.19.
Camping World Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend was Friday, December 13th. Camping World's dividend payout ratio (DPR) is presently -72.46%.
About Camping World
(
Get Free Report)
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.
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