Camping World (CWH) Short Interest Update

Camping World (NYSE:CWH) saw a significant increase in short interest during the month of March. As of March 29th, there was short interest totalling 3,392,905 shares, an increase of 66.2% from the March 15th total of 2,041,384 shares. Approximately 10.7% of the shares of the stock are short sold. Based on an average trading volume of 1,305,726 shares, the short-interest ratio is presently 2.6 days.

A number of equities analysts have recently weighed in on CWH shares. KeyCorp set a $52.00 price objective on shares of Camping World and gave the company a “buy” rating in a research report on Wednesday, February 28th. Credit Suisse Group set a $52.00 price objective on shares of Camping World and gave the company a “buy” rating in a research report on Wednesday, February 28th. Zacks Investment Research raised shares of Camping World from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Monday, January 29th. Monness Crespi & Hardt reissued a “buy” rating and issued a $55.00 price objective (up previously from $47.00) on shares of Camping World in a research report on Monday, January 29th. Finally, Northcoast Research started coverage on shares of Camping World in a research report on Friday, January 26th. They issued a “buy” rating and a $56.00 price objective for the company. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Camping World presently has a consensus rating of “Buy” and a consensus target price of $49.00.

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Shares of CWH stock opened at $26.76 on Tuesday. Camping World has a one year low of $26.23 and a one year high of $47.62. The company has a quick ratio of 0.29, a current ratio of 1.36 and a debt-to-equity ratio of 9.99. The company has a market cap of $2,409.46, a P/E ratio of 11.69, a P/E/G ratio of 0.71 and a beta of 2.83.

Camping World (NYSE:CWH) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. Camping World had a negative net margin of 0.42% and a positive return on equity of 384.26%. The firm had revenue of $888.99 million during the quarter, compared to analyst estimates of $804.84 million. research analysts anticipate that Camping World will post 2.9 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Friday, March 16th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.20%. The ex-dividend date was Thursday, March 15th. Camping World’s dividend payout ratio (DPR) is 13.97%.

In other Camping World news, CEO Marcus Lemonis sold 130,000 shares of Camping World stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $35.51, for a total transaction of $4,616,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 49.20% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. MetLife Investment Advisors LLC acquired a new position in Camping World during the fourth quarter worth approximately $653,000. Glenmede Trust Co. NA acquired a new position in Camping World during the fourth quarter worth approximately $41,478,000. Jane Street Group LLC acquired a new position in Camping World during the fourth quarter worth approximately $216,000. Millennium Management LLC increased its position in Camping World by 117.2% during the fourth quarter. Millennium Management LLC now owns 932,305 shares of the company’s stock worth $41,702,000 after purchasing an additional 503,079 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in Camping World by 49.0% during the fourth quarter. TIAA CREF Investment Management LLC now owns 75,474 shares of the company’s stock worth $3,376,000 after purchasing an additional 24,815 shares during the last quarter. 42.80% of the stock is owned by hedge funds and other institutional investors.

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About Camping World

Camping World Holdings, Inc, through its subsidiaries, provides a portfolio of services, protection plans, products, and resources for recreational vehicle (RV) owners and camping enthusiasts. The company operates through Consumer Services and Plans, and Retail segments. It provides emergency roadside assistance; property and casualty insurance programs; travel assist programs; extended vehicle service contracts; co-branded credit cards; vehicle financing and refinancing; club memberships; and publications and directories.

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