Camping World (CWH) Shares Gap Up After Insider Buying Activity
Shares of Camping World Holdings Inc (NYSE:CWH) gapped up before the market opened on Tuesday after an insider bought additional shares in the company. The stock had previously closed at $21.94, but opened at $21.35. Camping World shares last traded at $21.06, with a volume of 60220 shares trading hands.
Specifically, CEO Marcus Lemonis purchased 25,000 shares of the stock in a transaction on Friday, September 14th. The shares were purchased at an average price of $19.74 per share, with a total value of $493,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 49.20% of the company’s stock.
Several equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Camping World from a “hold” rating to a “strong sell” rating in a report on Thursday, September 6th. BMO Capital Markets lowered their price target on shares of Camping World from $42.00 to $36.00 and set a “positive” rating on the stock in a report on Tuesday, August 21st. JPMorgan Chase & Co. lowered their target price on shares of Camping World from $42.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, August 15th. Northcoast Research set a $28.00 target price on shares of Camping World and gave the stock a “buy” rating in a report on Wednesday, August 8th. Finally, Stephens reaffirmed a “buy” rating and issued a $37.00 target price on shares of Camping World in a report on Thursday, August 9th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $39.58.
Camping World (NYSE:CWH) last posted its earnings results on Tuesday, August 7th. The company reported $0.96 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.10). Camping World had a positive return on equity of 211.54% and a negative net margin of 0.30%. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.48 billion. equities analysts predict that Camping World Holdings Inc will post 2.36 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, September 13th. Camping World’s payout ratio is 13.97%.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Third Point LLC acquired a new position in Camping World during the 2nd quarter worth about $70,568,000. Wasatch Advisors Inc. acquired a new position in Camping World during the 2nd quarter worth about $49,535,000. J. L. Bainbridge & Co. Inc. acquired a new position in Camping World during the 2nd quarter worth about $22,520,000. Point72 Asset Management L.P. acquired a new position in Camping World during the 1st quarter worth about $22,782,000. Finally, Cortina Asset Management LLC lifted its position in Camping World by 576.3% during the 2nd quarter. Cortina Asset Management LLC now owns 727,924 shares of the company’s stock worth $18,184,000 after buying an additional 620,294 shares in the last quarter. 54.86% of the stock is currently owned by institutional investors and hedge funds.
Camping World Company Profile (NYSE:CWH)
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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