Camping World Holdings, Inc. (NYSE:CWH) Short Interest Up 19.6% in December

Camping World Holdings, Inc. (NYSE:CWH) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 6,640,000 shares, a growth of 19.6% from the December 15th total of 5,550,000 shares. Based on an average daily trading volume, of 1,510,000 shares, the short-interest ratio is presently 4.4 days.

Camping World Stock Performance

Shares of CWH stock traded down $0.28 during midday trading on Friday, hitting $22.90. 745,076 shares of the company were exchanged, compared to its average volume of 1,070,124. The firm has a market capitalization of $1.95 billion, a P/E ratio of -33.19, a PEG ratio of 0.97 and a beta of 2.49. The company has a debt-to-equity ratio of 9.67, a quick ratio of 0.19 and a current ratio of 1.23. Camping World has a 52 week low of $17.29 and a 52 week high of $28.72. The firm’s 50 day moving average price is $22.74 and its two-hundred day moving average price is $22.18.

Camping World Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend was Friday, December 13th. Camping World’s payout ratio is -72.46%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CWH. JPMorgan Chase & Co. restated a “neutral” rating and issued a $24.00 price objective (down previously from $25.00) on shares of Camping World in a report on Monday, October 21st. Truist Financial decreased 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 Tuesday, January 7th. Bank of America assumed coverage on Camping World in a research note on Thursday, December 19th. They set a “buy” rating and a $30.00 price objective on the stock. Raymond James raised shares of Camping World from a “market perform” rating to an “outperform” rating and set a $27.00 target price for the company in a research note on Wednesday, October 30th. Finally, KeyCorp upped their price target on shares of Camping World from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Camping World presently has an average rating of “Moderate Buy” and a consensus price target of $27.75.

Hedge Funds Weigh In On Camping World

A number of large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in Camping World by 611.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 292,888 shares of the company’s stock valued at $7,094,000 after buying an additional 251,748 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Camping World by 4.5% in the third quarter. Geode Capital Management LLC now owns 978,330 shares of the company’s stock valued at $23,701,000 after acquiring an additional 41,705 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Camping World by 11.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 652,269 shares of the company’s stock worth $15,798,000 after acquiring an additional 65,798 shares during the period. Barclays PLC grew its position in shares of Camping World by 96.9% during the 3rd quarter. Barclays PLC now owns 317,052 shares of the company’s stock worth $7,678,000 after purchasing an additional 156,055 shares in the last quarter. Finally, Wellington Management Group LLP bought a new position in shares of Camping World during the third quarter worth approximately $2,578,000. Institutional investors own 52.54% of the company’s stock.

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.