JPMorgan Chase & Co. Cuts Camping World (NYSE:CWH) Price Target to $9.00

Camping World (NYSE:CWH) had its price objective reduced by JPMorgan Chase & Co. from $11.00 to $9.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

Other equities research analysts have also issued research reports about the company. Truist Financial dropped their price target on Camping World from $14.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, September 10th. Wall Street Zen raised Camping World from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Roth Capital restated a “buy” rating and issued a $10.00 target price (down from $12.00) on shares of Camping World in a research report on Monday, September 28th. Citigroup cut their target price on Camping World from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Wednesday, September 16th. Finally, Weiss Ratings upgraded shares of Camping World from a “sell (e+)” rating to a “sell (d)” rating in a research report on Monday, August 3rd. Ten analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $11.11.

Camping World Price Performance

Shares of NYSE:CWH opened at $4.48 on Tuesday. The company’s fifty day moving average price is $5.99 and its 200-day moving average price is $6.65. The firm has a market capitalization of $462.97 million, a price-to-earnings ratio of -2.89 and a beta of 2.15. Camping World has a one year low of $3.96 and a one year high of $17.15. 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 (NYSE:CWH) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.57 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.57. The company 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 firm’s revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.57 EPS. On average, equities research analysts anticipate that Camping World will post 0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Camping World

Several hedge funds have recently made changes to their positions in the business. Walleye Capital LLC raised its holdings in Camping World by 995.1% in 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 in the last quarter. KBC Group NV purchased a new stake in shares of Camping World in the 1st quarter worth about $2,003,000. WINTON GROUP Ltd bought a new stake in shares of Camping World during the 2nd quarter valued at about $762,000. Eminence Capital LP boosted its stake in shares of Camping World by 45.8% during the 4th quarter. Eminence Capital LP now owns 5,779,805 shares of the company’s stock valued at $56,238,000 after purchasing an additional 1,815,042 shares in the last quarter. Finally, Capital Research Global Investors boosted its stake in shares of Camping World by 12.8% during the 4th quarter. Capital Research Global Investors now owns 4,191,781 shares of the company’s stock valued at $40,786,000 after purchasing an additional 476,135 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.