Tenting World Holdings, Inc. (NYSE:CWH) CEO Acquires $1,010,906.00 in Inventory

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Marcus Lemonis, CEO of Camping World Holdings, Inc. (NYSE:CWH – Get Rating) acquired 38,350 shares of the company on Friday, June 10th. The shares were purchased at an average price of $26.36 per share for a total value of $1,010,906.00. Upon completion of the acquisition, the Chief Executive Officer now directly owns 121,450 shares of the Company, valued at $3,201,422. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website.

CWH stock opened at $25.74 on Monday. The company has a 50-day moving average price of $27.23 and a 200-day moving average price of $32.19. The company has a market cap of $2.14 billion, a P/E of 4.77 and a beta of 2.82. Camping World Holdings, Inc. has a 52-week low of $24.58 and a 52-week high of $46.77. The company has a gearing ratio of 6.98, a quick ratio of 0.23 and a current ratio of 1.33.

Camping World (NYSE:CWH – Get Rating) last released its quarterly results on Tuesday, May 3rd. The company reported earnings per share of $1.15 for the quarter, missing analyst consensus estimates of $1.33 to ($0.18). The company had revenue of $1.66 billion in the quarter, compared to analyst estimates of $1.64 billion. Camping World had a return on equity of 109.12% and a net margin of 3.72%. The company’s revenue for the quarter increased 6.7% compared to the same quarter last year. In the same quarter last year, the company reported earnings per share of $1.40. As a group, sell-side analysts are forecasting Camping World Holdings, Inc. to post fiscal year earnings per share of 4.9.

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The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 29th. Investors of record on Tuesday, June 14 will receive a dividend of $0.625 per share. That equates to an annualized dividend of $2.50 and a yield of 9.71%. The ex-dividend date is Monday 13th June. Camping World’s Dividend Payout Ratio (DPR) is currently 44.56%.

A number of hedge funds have recently changed their positions in the business. Shay Capital LLC increased its position in Camping World shares by 5.1% in the fourth quarter. Shay Capital LLC now owns 6,209 shares of the company’s stock valued at $251,000 after purchasing an additional 301 shares during the period. Rafferty Asset Management LLC increased its stake in Camping World by 1.5% in the fourth quarter. Rafferty Asset Management LLC now owns 24,481 shares of the company’s stock valued at $989,000 after purchasing an additional 364 shares last quarter. Geneos Wealth Management Inc. increased its stake in Camping World stock by 413.2% in the fourth quarter. Geneos Wealth Management Inc. now owns 621 shares of the company’s stock, valued at $25,000, after buying another 500 shares last quarter. Mercer Global Advisors Inc. ADV increased its stake in Camping World by 7.3% in the first quarter. Mercer Global Advisors Inc. ADV now owns 7,408 shares of the company’s stock valued at $207,000 after purchasing an additional 502 shares last quarter. Finally, Voya Investment Management LLC increased its stake in Camping World by 2.4% during the third quarter. Voya Investment Management LLC now owns 21,586 shares of the company’s stock valued at $839,000 after purchasing an additional 515 shares last quarter. 84.47% of the shares are currently owned by institutional investors and hedge funds.

Several research analysts have recently issued reports on the stock. Raymond James lowered his target price on shares of Camping World from $45.00 to $40.00 in a research report on Wednesday, May 4th. JPMorgan Chase & Co. lowered its price target on shares of Camping World to $58.00 from $66.00 in a report on Thursday, February 24. BMO Capital Markets downgraded shares of Camping World from an outperform rating to a market perform rating in a report Wednesday, February 23. DA Davidson began reporting on Camping World stock in a research note on Wednesday, April 13th. They issued a “neutral” rating and a price target of $29.00 on the stock. Finally, StockNews.com began reporting shares of Camping World in a report Thursday, March 31st. You give the stock a “hold” rating. Five investment analysts have rated the stock with a hold rating and two with a buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $38.60.

Company profile of Camping World (get rating)

Camping World Holdings, Inc, through its subsidiaries, sells recreational vehicles (RVs) and related products and services. It operates through two segments, Good Sam Services and Plans; and RV and outdoor retail. The Company offers a portfolio of services, protection plans, products and resources in the RV industry.

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