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

Shares of Camping World Holdings, Inc. (NYSE:CWH - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $21.41, but opened at $23.50. Camping World shares last traded at $23.84, with a volume of 771,646 shares.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Monness Crespi & Hardt increased their target price on Camping World from $24.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, September 27th. JPMorgan Chase & Co. restated a "neutral" rating and set a $24.00 target price (down previously from $25.00) on shares of Camping World in a report on Monday, October 21st. KeyCorp decreased their target price on Camping World from $26.00 to $25.00 and set an "overweight" rating on the stock in a report on Friday, August 2nd. Truist Financial upped their price target on Camping World from $26.00 to $28.00 and gave the company a "buy" rating in a research note on Friday, September 20th. Finally, Roth Mkm cut their price target on Camping World from $28.00 to $26.00 and set a "buy" rating on the stock in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Camping World presently has a consensus rating of "Moderate Buy" and an average target price of $27.29.

Camping World Stock Up 6.8 %

The firm has a 50 day simple moving average of $22.73 and a two-hundred day simple moving average of $21.15. The company has a debt-to-equity ratio of 10.08, a current ratio of 1.19 and a quick ratio of 0.19. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of -572.25 and a beta of 2.47.

Camping World (NYSE:CWH - Get Free Report) last released its earnings results on Wednesday, July 31st. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.10). Camping World had a negative net margin of 0.22% and a negative return on equity of 10.04%. The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the company posted $0.60 EPS. The company's quarterly revenue was down 5.3% compared to the same quarter last year. As a group, sell-side analysts expect that Camping World Holdings, Inc. will post -0.6 EPS for the current year.

Camping World Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, September 13th were issued a $0.125 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.50 annualized dividend and a dividend yield of 2.19%. Camping World's dividend payout ratio (DPR) is currently -1,250.00%.

Insiders Place Their Bets

In other Camping World news, CEO Marcus Lemonis sold 125,000 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $22.84, for a total value of $2,855,000.00. Following the completion of the sale, the chief executive officer now directly owns 155,268 shares in the company, valued at $3,546,321.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 43.80% of the company's stock.

Institutional Investors Weigh In On Camping World

Large investors have recently modified their holdings of the business. Point72 DIFC Ltd bought a new stake in shares of Camping World in the second quarter worth about $50,000. Russell Investments Group Ltd. grew its holdings in shares of Camping World by 6,495.0% during the first quarter. Russell Investments Group Ltd. now owns 3,957 shares of the company's stock worth $110,000 after buying an additional 3,897 shares in the last quarter. ProShare Advisors LLC bought a new position in shares of Camping World during the first quarter worth about $209,000. nVerses Capital LLC bought a new position in shares of Camping World during the third quarter worth about $191,000. Finally, Handelsbanken Fonder AB bought a new position in shares of Camping World during the third quarter worth about $240,000. 52.54% of the stock is currently owned by institutional investors.

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.