Camping World (NYSE:CWH) Price Target Cut to $14.00 by Analysts at Truist Financial

Camping World (NYSE:CWHFree Report) had its target price trimmed by Truist Financial from $15.00 to $14.00 in a research report sent to investors on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts have also recently commented on CWH. Wall Street Zen cut Camping World from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Monness Crespi & Hardt cut their target price on Camping World from $20.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Zacks Research cut Camping World from a “hold” rating to a “strong sell” rating in a research note on Friday, February 27th. BMO Capital Markets dropped their price objective on Camping World from $22.00 to $16.00 and set an “outperform” rating on the stock in a research note on Thursday, February 26th. Finally, Roth Mkm reissued a “buy” rating and issued a $16.00 price objective (down from $18.00) on shares of Camping World in a research note on Thursday, February 26th. Nine investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $15.70.

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Camping World Trading Up 1.1%

CWH opened at $7.18 on Thursday. The stock has a market cap of $738.95 million, a price-to-earnings ratio of -4.98 and a beta of 2.14. The stock’s 50 day moving average price is $8.95 and its 200-day moving average price is $11.39. Camping World has a one year low of $5.70 and a one year high of $19.64. The company has a debt-to-equity ratio of 4.14, a quick ratio of 0.23 and a current ratio of 1.20.

Camping World (NYSE:CWHGet Free Report) last released its earnings results on Tuesday, February 24th. The company reported ($0.73) EPS for the quarter, missing analysts’ consensus estimates of ($0.63) by ($0.10). The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. Camping World had a negative net margin of 1.41% and a negative return on equity of 3.29%. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.47) EPS. On average, equities analysts forecast 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 CWH. Caitong International Asset Management Co. Ltd purchased a new position in shares of Camping World in the 4th quarter valued at $25,000. Quarry LP boosted its position in shares of Camping World by 2,275.8% in the 3rd quarter. Quarry LP now owns 1,568 shares of the company’s stock worth $25,000 after purchasing an additional 1,502 shares in the last quarter. State of Wyoming acquired a new stake in shares of Camping World in the 3rd quarter worth $43,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Camping World in the 3rd quarter worth $83,000. Finally, Russell Investments Group Ltd. boosted its position in shares of Camping World by 923.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 5,539 shares of the company’s stock worth $87,000 after purchasing an additional 4,998 shares in the last quarter. 52.54% of the stock is currently owned by hedge funds and other institutional investors.

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Camping World Company Profile

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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.

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