Citigroup Cuts Camping World (NYSE:CWH) Price Target to $8.00

Camping World (NYSE:CWH) had its target price decreased by Citigroup from $9.00 to $8.00 in a report released on Wednesday morning,Benzinga reports. Citigroup currently has a buy rating on the stock.

A number of other brokerages have also weighed in on CWH. Bank of America reaffirmed a “buy” rating and issued a $14.00 price target on shares of Camping World in a research note on Friday, July 31st. KeyCorp lowered their price objective on shares of Camping World from $12.00 to $9.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Wall Street Zen upgraded shares of Camping World from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Truist Financial cut their price objective on shares of Camping World from $14.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, September 10th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Camping World from $16.00 to $11.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Ten research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.57.

Camping World Stock Performance

Shares of Camping World stock opened at $5.60 on Wednesday. The firm has a fifty day moving average of $6.30 and a two-hundred day moving average of $6.83. The company has a debt-to-equity ratio of 3.77, a quick ratio of 0.30 and a current ratio of 1.22. The stock has a market capitalization of $578.84 million, a price-to-earnings ratio of -3.62 and a beta of 2.07. Camping World has a 52 week low of $5.49 and a 52 week high of $17.97.

Camping World (NYSE:CWH) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.57 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.57. Camping World had a negative net margin of 1.55% and a negative return on equity of 3.52%. The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same period last year, the firm posted $0.57 earnings per share. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. As a group, equities research analysts predict that Camping World will post 0.09 EPS for the current year.

Institutional Investors Weigh In On Camping World

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Eminence Capital LP lifted its position in Camping World by 45.8% during the 4th quarter. Eminence Capital LP now owns 5,779,805 shares of the company’s stock worth $56,238,000 after buying an additional 1,815,042 shares in the last quarter. Capital Research Global Investors increased its position in shares of Camping World by 12.8% in the fourth quarter. Capital Research Global Investors now owns 4,191,781 shares of the company’s stock valued at $40,786,000 after acquiring an additional 476,135 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Camping World by 94.9% in the fourth quarter. BNP Paribas Financial Markets now owns 1,522,570 shares of the company’s stock valued at $14,815,000 after acquiring an additional 741,263 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Camping World by 4.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,077,442 shares of the company’s stock valued at $7,358,000 after acquiring an additional 41,258 shares during the last quarter. Finally, UBS Group AG raised its holdings in Camping World by 78.3% during the fourth quarter. UBS Group AG now owns 474,336 shares of the company’s stock worth $4,615,000 after acquiring an additional 208,241 shares in the last quarter. 52.54% of the stock is currently owned by institutional investors and hedge funds.

Camping World Company Profile

Camping World Holdings, Inc is a specialty retailer and service provider focused on the recreational vehicle (RV) industry. Through its Camping World dealership network, the company sells new and used motorhomes, travel trailers, fifth-wheel trailers and other RVs. It also provides financing and insurance-related products, subject to applicable regulations and third-party arrangements.

The company operates RV parts and accessories retail businesses and provides maintenance, repair, collision and other service offerings through locations across the United States.