Camping World (NYSE:CWH) Stock Price Target Cut by KeyCorp

Camping World (NYSE:CWH) had its price objective decreased by equities research analysts at KeyCorp from $9.00 to $8.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s target price would indicate a potential upside of 79.57% from the company’s previous close.

A number of other research analysts have also weighed in on the company. Wall Street Zen raised 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 report on Friday, July 31st. Citigroup dropped their target price on Camping World from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Wednesday, September 16th. Truist Financial cut their price target on shares of Camping World from $14.00 to $10.00 and set a “buy” rating on the stock in a report on Thursday, September 10th. Finally, Roth Capital reissued a “buy” rating and set a $10.00 price target (down from $12.00) on shares of Camping World in a research report on Monday, September 28th. Ten equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Camping World has a consensus rating of “Moderate Buy” and an average target price of $11.11.

Camping World Stock Performance

NYSE:CWH traded down $0.07 during trading hours on Thursday, hitting $4.46. 153,692 shares of the company were exchanged, compared to its average volume of 2,670,997. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.22 and a quick ratio of 0.30. Camping World has a 52-week low of $3.96 and a 52-week high of $17.15. The stock has a market capitalization of $460.16 million, a price-to-earnings ratio of -2.88 and a beta of 2.15. The company’s 50 day moving average price is $6.03 and its 200-day moving average price is $6.66.

Camping World (NYSE:CWH) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.57 EPS for the quarter, hitting the consensus estimate of $0.57. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.99 billion. Camping World had a negative net margin of 1.55% and a negative return on equity of 3.52%. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.57 earnings per share. As a group, research analysts forecast that Camping World will post 0.08 earnings per share for the current year.

Institutional Trading of Camping World

Institutional investors and hedge funds have recently made changes to their positions in the company. Walleye Capital LLC grew its position in Camping World by 995.1% during the 1st quarter. Walleye Capital LLC now owns 447,737 shares of the company’s stock worth $3,058,000 after purchasing an additional 406,852 shares during the last quarter. KBC Group NV purchased a new position in Camping World in the 1st quarter valued at $2,003,000. WINTON GROUP Ltd purchased a new position in Camping World during the 2nd quarter worth $762,000. Eminence Capital LP increased its stake in shares of Camping World by 45.8% during the fourth quarter. Eminence Capital LP now owns 5,779,805 shares of the company’s stock worth $56,238,000 after acquiring an additional 1,815,042 shares during the period. Finally, RBF Capital LLC boosted its holdings in Camping World by 68.1% in the 4th quarter. RBF Capital LLC now owns 440,078 shares of the company’s stock valued at $4,282,000 after purchasing an additional 178,253 shares in the last quarter. 52.54% of the stock is owned by hedge funds and other institutional investors.

About Camping World

Camping World Holdings, Inc is a recreational-vehicle retailer and service provider operating under the Camping World and Good Sam brands. The company sells new and used motorhomes, travel trailers, fifth wheels and other recreational vehicles, along with related parts, accessories and outdoor products.

Its operations also include RV maintenance and repair, collision services, installation and other support services. Camping World offers financing and insurance products through third-party and affiliated arrangements, while the Good Sam business provides memberships, roadside assistance, insurance, travel-related services and access to campgrounds and other RV resources.

Camping World serves customers primarily throughout the United States through a network of retail, service and dealership locations.