Camping World (NYSE:CWH) Stock Gets Price Target Trim from KeyCorp

Camping World (NYSE:CWH) had its price target decreased by KeyCorp from $8.00 to $7.00 in a research report released on Wednesday,Benzinga reports. KeyCorp currently has an overweight rating on the stock.

Several other brokerages also recently issued reports on CWH. Citigroup lowered their price objective on shares of Camping World from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Tuesday, October 13th. Weiss Ratings reissued a “sell (d)” rating on shares of Camping World in a research report on Friday, October 30th. JPMorgan Chase & Co. decreased their target price on shares of Camping World from $11.00 to $9.00 and set an “overweight” rating for the company in a research note on Tuesday, October 6th. Truist Financial lowered their price target on shares of Camping World from $14.00 to $10.00 and set a “buy” rating for the company in a report on Thursday, September 10th. Finally, Robert W. Baird set a $7.00 price target on shares of Camping World in a research note on Friday, July 31st. Eight research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $10.20.

Camping World Stock Down 9.5%

Shares of NYSE CWH traded down $0.49 on Wednesday, hitting $4.61. The company had a trading volume of 2,597,236 shares, compared to its average volume of 2,382,225. Camping World has a 12-month low of $3.96 and a 12-month high of $15.18. The business has a 50 day moving average of $5.23 and a two-hundred day moving average of $7.23. 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 capitalization of $476.48 million, a P/E ratio of -1.15 and a beta of 2.21.

Camping World (NYSE:CWH) last posted its earnings results on Monday, November 2nd. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.33). The company had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.65 billion. Camping World had a negative net margin of 4.20% and a negative return on equity of 17.74%. Camping World’s quarterly revenue was down 12.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 EPS. As a group, equities research analysts forecast that Camping World will post -0.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Camping World

Hedge funds and other institutional investors have recently bought and sold shares of the business. Entropy Technologies LP raised its position in shares of Camping World by 5.3% in the 1st quarter. Entropy Technologies LP now owns 40,792 shares of the company’s stock valued at $279,000 after purchasing an additional 2,048 shares in the last quarter. World Investment Advisors boosted its stake in shares of Camping World by 10.2% during the 1st quarter. World Investment Advisors now owns 22,443 shares of the company’s stock valued at $153,000 after buying an additional 2,078 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of Camping World by 6.4% during the first quarter. Hsbc Holdings PLC now owns 36,843 shares of the company’s stock worth $252,000 after buying an additional 2,214 shares in the last quarter. Allworth Financial LP grew its position in shares of Camping World by 777.1% during the second quarter. Allworth Financial LP now owns 3,219 shares of the company’s stock worth $25,000 after buying an additional 2,852 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Camping World during the second quarter worth approximately $28,000. 52.54% of the stock is currently owned by hedge funds and other institutional investors.

Camping World Company Profile

Camping World Holdings, Inc is a recreational vehicle retailer and service provider operating under the Camping World brand. The company sells new and used motorized and towable recreational vehicles, including motorhomes, travel trailers and fifth-wheel trailers, serving consumers across the United States.

In addition to vehicle sales, Camping World provides related products and services through its dealership network. These offerings include RV parts and accessories, maintenance and repair services, vehicle financing and insurance products, and other ownership-related services.