Camping World (NYSE:CWH) Shares Gap Down - Here's Why

Shares of Camping World Holdings, Inc. (NYSE:CWH - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $20.80, but opened at $20.01. Camping World shares last traded at $21.15, with a volume of 200,280 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CWH. Truist Financial raised their price target on shares of Camping World from $26.00 to $28.00 and gave the company a "buy" rating in a report on Monday, February 10th. Bank of America started coverage on Camping World in a research note on Thursday, December 19th. They set a "buy" rating and a $30.00 target price for the company. Finally, StockNews.com upgraded Camping World from a "sell" rating to a "hold" rating in a research note on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $27.71.

Camping World Price Performance

The company has a current ratio of 1.23, a quick ratio of 0.19 and a debt-to-equity ratio of 9.67. The company's 50-day moving average price is $22.03 and its two-hundred day moving average price is $22.54. The company has a market cap of $1.65 billion, a P/E ratio of -28.19, a P/E/G ratio of 0.92 and a beta of 2.49.

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Camping World (NYSE:CWH - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported ($0.55) EPS for the quarter, hitting analysts' consensus estimates of ($0.55). The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.13 billion. Camping World had a negative net margin of 0.40% and a negative return on equity of 23.77%. As a group, sell-side analysts expect that Camping World Holdings, Inc. will post -0.66 earnings per share for the current year.

Camping World Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 14th will be paid a dividend of $0.125 per share. The ex-dividend date is Friday, March 14th. This represents a $0.50 dividend on an annualized basis and a yield of 2.57%. Camping World's payout ratio is currently -65.79%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CWH. JPMorgan Chase & Co. raised its stake in Camping World by 611.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 292,888 shares of the company's stock valued at $7,094,000 after acquiring an additional 251,748 shares in the last quarter. Geode Capital Management LLC lifted its stake in Camping World by 4.5% during the third quarter. Geode Capital Management LLC now owns 978,330 shares of the company's stock valued at $23,701,000 after buying an additional 41,705 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Camping World by 11.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 652,269 shares of the company's stock valued at $15,798,000 after acquiring an additional 65,798 shares in the last quarter. Barclays PLC grew its holdings in shares of Camping World by 96.9% during the third quarter. Barclays PLC now owns 317,052 shares of the company's stock valued at $7,678,000 after buying an additional 156,055 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new position in Camping World during the 3rd quarter valued at about $2,578,000. 52.54% of the stock is owned by institutional investors and hedge funds.

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.