Camping World (NYSE:CWH) Price Target Lowered to $12.00 at KeyCorp

Camping World (NYSE:CWH) had its price objective reduced by equities research analysts at KeyCorp from $18.00 to $12.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s price target would indicate a potential upside of 33.47% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Truist Financial reduced their target price on shares of Camping World from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, November 10th. BMO Capital Markets reissued an “outperform” rating and issued a $22.00 price objective on shares of Camping World in a report on Thursday, October 30th. Citigroup decreased their target price on shares of Camping World from $22.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Loop Capital initiated coverage on shares of Camping World in a report on Friday, October 31st. They set a “buy” rating and a $17.00 target price on the stock. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Camping World in a research note on Monday, December 29th. Eight equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $16.44.

Camping World Stock Performance

Shares of NYSE CWH traded down $0.07 during trading hours on Thursday, reaching $8.99. 265,039 shares of the stock were exchanged, compared to its average volume of 2,675,926. The firm has a market capitalization of $919.69 million, a price-to-earnings ratio of -6.25 and a beta of 2.08. The stock’s fifty day simple moving average is $11.90 and its 200 day simple moving average is $13.59. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.27 and a current ratio of 1.26. Camping World has a 52 week low of $8.12 and a 52 week high of $20.50.

Camping World (NYSE:CWH) last released its quarterly earnings results on Tuesday, February 24th. The company reported ($0.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.63) by ($0.10). Camping World had a negative net margin of 1.41% and a negative return on equity of 3.09%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the firm earned ($0.47) earnings per share. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. Sell-side analysts predict that Camping World will post -0.66 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC bought a new stake in shares of Camping World during the 1st quarter valued at approximately $1,787,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Camping World by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,339 shares of the company’s stock valued at $539,000 after purchasing an additional 1,401 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Camping World by 66.2% in the first quarter. Goldman Sachs Group Inc. now owns 889,377 shares of the company’s stock valued at $14,372,000 after buying an additional 354,333 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Camping World by 17.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 119,259 shares of the company’s stock worth $1,927,000 after buying an additional 17,665 shares during the last quarter. Finally, CWM LLC grew its stake in shares of Camping World by 32.9% during the second quarter. CWM LLC now owns 10,158 shares of the company’s stock worth $175,000 after buying an additional 2,513 shares during the last quarter. 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.