Camping World Sees Unusually Large Options Volume (NYSE:CWH)

Camping World (NYSE:CWH) was the target of some unusual options trading activity on Wednesday. Investors acquired 40,244 call options on the company. This is an increase of approximately 2,912% compared to the average daily volume of 1,336 call options.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CWH shares. JPMorgan Chase & Co. cut their target price on shares of Camping World from $22.00 to $19.00 and set an “overweight” rating on the stock in a report on Monday, November 3rd. Zacks Research raised Camping World from a “strong sell” rating to a “hold” rating in a report on Friday, September 5th. Citigroup lowered their price objective on Camping World from $22.00 to $18.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Loop Capital began coverage on Camping World in a research note on Friday, October 31st. They issued a “buy” rating and a $17.00 target price on the stock. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Camping World in a report on Thursday, November 13th. Nine research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $18.90.

Institutional Trading of Camping World

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Jump Financial LLC grew its stake in shares of Camping World by 210.1% in the 1st quarter. Jump Financial LLC now owns 217,090 shares of the company’s stock worth $3,508,000 after purchasing an additional 147,075 shares during the last quarter. Deutsche Bank AG lifted its stake in Camping World by 24.4% during the first quarter. Deutsche Bank AG now owns 593,059 shares of the company’s stock valued at $9,584,000 after purchasing an additional 116,292 shares during the last quarter. GW&K Investment Management LLC bought a new stake in Camping World during the first quarter worth approximately $1,831,000. Vanguard Group Inc. grew its position in Camping World by 4.3% in the first quarter. Vanguard Group Inc. now owns 6,034,743 shares of the company’s stock worth $97,521,000 after buying an additional 247,134 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Camping World in the first quarter valued at $377,000. 52.54% of the stock is currently owned by institutional investors.

Camping World Stock Performance

CWH traded down $0.63 during trading hours on Wednesday, hitting $9.54. The company’s stock had a trading volume of 2,448,958 shares, compared to its average volume of 2,194,194. The company has a 50-day simple moving average of $14.86 and a 200 day simple moving average of $16.33. The company has a current ratio of 1.26, a quick ratio of 0.27 and a debt-to-equity ratio of 3.29. The firm has a market capitalization of $975.44 million, a PE ratio of -10.25 and a beta of 1.91. Camping World has a fifty-two week low of $9.49 and a fifty-two week high of $25.97.

Camping World (NYSE:CWH) last released its quarterly earnings results on Tuesday, October 28th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.10. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Camping World had a positive return on equity of 3.80% and a negative net margin of 0.85%.The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.17 earnings per share. As a group, sell-side analysts expect that Camping World will post -0.66 EPS for the current year.

Camping World Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 15th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.50 annualized dividend and a yield of 5.2%. Camping World’s dividend payout ratio (DPR) is presently -53.76%.

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.