Camping World (NYSE:CWH) Cut to “Neutral” at Citigroup

Citigroup cut shares of Camping World (NYSE:CWH) from a buy rating to a neutral rating in a research note published on Wednesday, Marketbeat Ratings reports. They currently have $5.00 price objective on the stock, down from their previous price objective of $7.00.

Several other research firms also recently issued reports on CWH. Raymond James Financial reissued an “outperform” rating on shares of Camping World in a report on Monday, October 5th. Zacks Research lowered Camping World from a “hold” rating to a “strong sell” rating in a report on Friday, October 16th. Wall Street Zen upgraded Camping World from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Robert W. Baird set a $7.00 target price on Camping World in a research report on Friday, July 31st. Finally, KeyCorp lowered their price target on Camping World from $8.00 to $7.00 and set an “overweight” rating on the stock in a report on Wednesday. Eight equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $10.20.

Camping World Stock Down 9.5%

NYSE:CWH traded down $0.49 during trading hours on Wednesday, reaching $4.61. The company’s stock had a trading volume of 2,597,236 shares, compared to its average volume of 2,382,225. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.22 and a quick ratio of 0.30. The company has a market cap of $476.48 million, a price-to-earnings ratio of -1.15 and a beta of 2.21. Camping World has a one year low of $3.96 and a one year high of $15.18. The business’s 50-day moving average is $5.23 and its 200-day moving average is $7.23.

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

Institutional Investors Weigh In On Camping World

Hedge funds have recently modified their holdings of the business. Walleye Capital LLC grew its stake in shares of Camping World by 995.1% in the first quarter. Walleye Capital LLC now owns 447,737 shares of the company’s stock worth $3,058,000 after acquiring an additional 406,852 shares during the last quarter. WINTON GROUP Ltd bought a new position in Camping World during the second quarter worth $762,000. KBC Group NV acquired a new position in Camping World during the 1st quarter valued at $2,003,000. Y Intercept Hong Kong Ltd raised its stake in Camping World by 189.8% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 113,287 shares of the company’s stock valued at $774,000 after purchasing an additional 74,200 shares during the last quarter. Finally, Hsbc Holdings PLC raised its stake in Camping World by 16.4% during the 4th quarter. Hsbc Holdings PLC now owns 34,629 shares of the company’s stock valued at $340,000 after purchasing an additional 4,878 shares during the last quarter. 52.54% of the stock is owned by institutional investors.

About Camping World

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.