Marcus Lemonis Sells 121,450 Shares of Camping World Holdings, Inc. (NYSE:CWH) Stock

Camping World Holdings, Inc. (NYSE:CWH) CEO Marcus Lemonis sold 121,450 shares of the stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $21.80, for a total transaction of $2,647,610.00. Following the sale, the chief executive officer now directly owns 155,268 shares of the company’s stock, valued at approximately $3,384,842.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Marcus Lemonis also recently made the following trade(s):

• On Friday, September 13th, Marcus Lemonis sold 125,000 shares of Camping World stock. The shares were sold at an average price of $22.84, for a total transaction of $2,855,000.00.

Camping World Stock Performance

Shares of Camping World stock opened at $23.31 on Friday. Camping World Holdings, Inc. has a 12 month low of $16.18 and a 12 month high of $28.72. The firm has a market capitalization of $1.97 billion, a P/E ratio of -582.60 and a beta of 2.47. The company has a current ratio of 1.19, a quick ratio of 0.19 and a debt-to-equity ratio of 10.08. The business has a fifty day simple moving average of $21.23 and a two-hundred day simple moving average of $21.91.

Camping World (NYSE:CWH) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). Camping World had a negative return on equity of 10.04% and a negative net margin of 0.22%. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter last year, the company posted $0.60 EPS. Camping World’s revenue for the quarter was down 5.3% compared to the same quarter last year. On average, equities analysts forecast that Camping World Holdings, Inc. will post -0.61 earnings per share for the current fiscal year.

Camping World Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Friday, September 13th will be paid a $0.125 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.15%. Camping World’s dividend payout ratio is currently -1,249.69%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CWH. KeyCorp lowered their price target on Camping World from $26.00 to $25.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Truist Financial dropped their price target on Camping World from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Monness Crespi & Hardt reduced their price objective on shares of Camping World from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Wednesday, June 26th. Finally, Roth Mkm decreased their price objective on shares of Camping World from $28.00 to $26.00 and set a “buy” rating for the company in a report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.43.

Institutional Trading of Camping World

Several institutional investors have recently bought and sold shares of CWH. Coronation Fund Managers Ltd. lifted its stake in shares of Camping World by 42.8% in the second quarter. Coronation Fund Managers Ltd. now owns 228,676 shares of the company’s stock worth $4,084,000 after buying an additional 68,517 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Camping World by 7.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,872 shares of the company’s stock valued at $408,000 after acquiring an additional 1,491 shares in the last quarter. Maverick Capital Ltd. purchased a new stake in Camping World during the 2nd quarter valued at $965,000. Eminence Capital LP increased its holdings in shares of Camping World by 79.8% in the 2nd quarter. Eminence Capital LP now owns 4,344,303 shares of the company’s stock worth $77,589,000 after purchasing an additional 1,927,977 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake in shares of Camping World by 419.3% in the second quarter. Cubist Systematic Strategies LLC now owns 48,812 shares of the company’s stock worth $872,000 after purchasing an additional 39,412 shares during the last quarter. 52.54% of the stock is 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.