Stock Traders Purchase Large Volume of Camping World Call Options (NYSE:CWH)

Camping World Holdings, Inc. (NYSE:CWH - Get Free Report) saw some unusual options trading on Tuesday. Stock traders bought 8,705 call options on the stock. This is an increase of 340% compared to the typical daily volume of 1,980 call options.

Camping World Stock Down 0.9 %

Shares of CWH traded down $0.15 during trading hours on Friday, hitting $16.87. The company had a trading volume of 2,193,309 shares, compared to its average volume of 1,181,671. The company has a market capitalization of $1.72 billion, a PE ratio of -24.44, a price-to-earnings-growth ratio of 0.92 and a beta of 2.57. The company has a current ratio of 1.23, a quick ratio of 0.19 and a debt-to-equity ratio of 9.67. Camping World has a one year low of $15.39 and a one year high of $28.33. The company's fifty day moving average price is $20.81 and its two-hundred day moving average price is $22.10.

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

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Camping World Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 14th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.96%. The ex-dividend date is Friday, March 14th. Camping World's payout ratio is -65.79%.

Insider Activity at Camping World

In other Camping World news, President Matthew D. Wagner acquired 5,725 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average cost of $17.61 per share, with a total value of $100,817.25. Following the completion of the transaction, the president now directly owns 300,640 shares of the company's stock, valued at approximately $5,294,270.40. This represents a 1.94 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 43.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew 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 worth $7,094,000 after buying an additional 251,748 shares during the last quarter. Geode Capital Management LLC grew its stake in 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 purchasing an additional 41,705 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Camping World by 11.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 652,269 shares of the company's stock valued at $15,798,000 after purchasing an additional 65,798 shares during the period. Barclays PLC increased its holdings in shares of Camping World by 96.9% in the third quarter. Barclays PLC now owns 317,052 shares of the company's stock valued at $7,678,000 after purchasing an additional 156,055 shares during the period. Finally, Wellington Management Group LLP acquired a new position in shares of Camping World in the third quarter valued at about $2,578,000. 52.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CWH has been the topic of several recent analyst reports. 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 objective on the stock. KeyCorp lowered their target price on Camping World from $27.00 to $22.00 and set an "overweight" rating on the stock in a report on Thursday. Finally, Truist Financial raised their price objective on Camping World from $26.00 to $28.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Camping World presently has a consensus rating of "Moderate Buy" and an average target price of $27.00.

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.