Short Interest in Camping World Holdings, Inc. (NYSE:CWH) Grows By 8.7%

Camping World Holdings, Inc. (NYSE:CWH) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 8,540,000 shares, an increase of 8.7% from the May 31st total of 7,860,000 shares. Approximately 20.4% of the shares of the stock are short sold. Based on an average daily volume of 1,000,000 shares, the days-to-cover ratio is presently 8.5 days.

Camping World Trading Up 1.4 %

Camping World stock traded up $0.25 during midday trading on Wednesday, hitting $18.17. 408,520 shares of the stock were exchanged, compared to its average volume of 965,790. The company has a current ratio of 1.19, a quick ratio of 0.17 and a debt-to-equity ratio of 11.24. The stock’s 50-day simple moving average is $19.75 and its 200 day simple moving average is $23.58. Camping World has a fifty-two week low of $16.18 and a fifty-two week high of $32.88. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of -454.14 and a beta of 2.54.

Camping World (NYSE:CWH) last announced its quarterly earnings results on Wednesday, May 1st. The company reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.01). Camping World had a negative return on equity of 2.39% and a net margin of 0.09%. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.43 billion. On average, equities analysts anticipate that Camping World will post 0.83 EPS for the current year.

Camping World Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.75%. The ex-dividend date was Thursday, June 13th. Camping World’s dividend payout ratio (DPR) is presently -1,249.69%.

Wall Street Analyst Weigh In

CWH has been the topic of a number of research reports. KeyCorp decreased their price target on shares of Camping World from $30.00 to $26.00 and set an “overweight” rating on the stock in a research note on Friday, May 3rd. Truist Financial dropped their price target on Camping World from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Roth Mkm restated a “buy” rating and issued a $28.00 price objective (down previously from $30.00) on shares of Camping World in a report on Friday, May 3rd. StockNews.com lowered shares of Camping World from a “hold” rating to a “sell” rating in a report on Friday, May 10th. Finally, Monness Crespi & Hardt decreased their price target on shares of Camping World from $29.00 to $24.00 and set a “buy” rating on the stock in a research note on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Camping World currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.33.

Hedge Funds Weigh In On Camping World

A number of hedge funds have recently modified their holdings of CWH. Commonwealth Equity Services LLC lifted its position in Camping World by 4.3% in the first quarter. Commonwealth Equity Services LLC now owns 31,778 shares of the company’s stock valued at $885,000 after buying an additional 1,323 shares during the last quarter. ICA Group Wealth Management LLC acquired a new position in shares of Camping World in the 4th quarter worth approximately $35,000. Price T Rowe Associates Inc. MD boosted its position in shares of Camping World by 8.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,560 shares of the company’s stock worth $545,000 after purchasing an additional 1,477 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in Camping World by 9.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,181 shares of the company’s stock valued at $504,000 after purchasing an additional 1,712 shares during the last quarter. Finally, Insight Advisors LLC PA raised its position in Camping World by 4.0% in the first quarter. Insight Advisors LLC PA now owns 93,271 shares of the company’s stock valued at $2,598,000 after purchasing an additional 3,588 shares during the period. 52.54% of the stock is currently owned by hedge funds and other 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.