Truist Financial Lowers Camping World (NYSE:CWH) Price Target to $10.00

Camping World (NYSE:CWH) had its target price lowered by equities research analysts at Truist Financial from $14.00 to $10.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s target price points to a potential upside of 63.80% from the company’s previous close.

Other research analysts have also issued reports about the stock. Raymond James Financial set a $8.25 price target on shares of Camping World in a research note on Friday, July 31st. KeyCorp cut their target price on Camping World from $12.00 to $9.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Roth Capital set a $12.00 price target on Camping World in a report on Monday, August 3rd. Robert W. Baird set a $7.00 price objective on Camping World in a report on Friday, July 31st. Finally, Citigroup reduced their target price on Camping World from $10.00 to $9.00 and set a “buy” rating for the company in a report on Monday, August 3rd. Ten analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Camping World presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.66.

Camping World Stock Performance

CWH stock traded down $0.07 during trading on Thursday, hitting $6.11. The company had a trading volume of 581,210 shares, compared to its average volume of 2,708,899. The firm has a 50-day moving average price of $6.43 and a 200-day moving average price of $7.02. The company has a quick ratio of 0.30, a current ratio of 1.22 and a debt-to-equity ratio of 3.77. The firm has a market cap of $630.59 million, a PE ratio of -3.94 and a beta of 2.07. Camping World has a 1-year low of $5.49 and a 1-year high of $18.22.

Camping World (NYSE:CWH) last announced its earnings results on Wednesday, July 29th. The company reported $0.57 earnings per share for the quarter, meeting the consensus estimate of $0.57. Camping World had a negative return on equity of 3.52% and a negative net margin of 1.55%.The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period last year, the business posted $0.57 EPS. The company’s revenue was down 2.1% on a year-over-year basis. On average, analysts expect that Camping World will post 0.09 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Eminence Capital LP boosted its stake in shares of Camping World by 45.8% during the fourth quarter. Eminence Capital LP now owns 5,779,805 shares of the company’s stock valued at $56,238,000 after acquiring an additional 1,815,042 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Camping World by 86.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,970,543 shares of the company’s stock valued at $19,173,000 after purchasing an additional 914,421 shares during the last quarter. Bank of America Corp DE lifted its holdings in Camping World by 128.1% in the 3rd quarter. Bank of America Corp DE now owns 1,345,777 shares of the company’s stock valued at $21,250,000 after purchasing an additional 755,665 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Camping World by 94.9% in the 4th quarter. BNP Paribas Financial Markets now owns 1,522,570 shares of the company’s stock valued at $14,815,000 after purchasing an additional 741,263 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its stake in shares of Camping World by 18.0% during the 2nd quarter. Balyasny Asset Management L.P. now owns 3,221,271 shares of the company’s stock worth $55,374,000 after purchasing an additional 490,245 shares during the last quarter. Hedge funds and other institutional investors own 52.54% of the company’s stock.

About Camping World

Camping World Holdings, Inc (NYSE: CWH) is a leading specialty retailer of recreational vehicles (“RVs”), RV parts and services, and outdoor lifestyle products. The company operates an extensive network of full-service RV dealerships, providing new and pre-owned RV sales alongside comprehensive maintenance, repair and warranty services. In addition to its dealership operations, Camping World offers a broad assortment of RV parts, accessories and gear through both its physical retail locations and e-commerce platform.

Beyond RV sales and service, Camping World’s offerings encompass outdoor cookware, apparel, camping and towing accessories under various proprietary and third-party brands.