Camping World (NYSE:CWH) Stock Gets Price Target Reduction from Citigroup

Camping World (NYSE:CWH) had its price objective cut by Citigroup from $8.00 to $7.00 in a report released on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

CWH has been the subject of several other research reports. Robert W. Baird set a $7.00 price objective on Camping World in a research report on Friday, July 31st. Weiss Ratings upgraded Camping World from a “sell (e+)” rating to a “sell (d)” rating in a research note on Monday, August 3rd. Roth Capital reaffirmed a “buy” rating and issued a $10.00 target price (down from $12.00) on shares of Camping World in a report on Monday, September 28th. Wall Street Zen raised Camping World from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Truist Financial dropped their price target on Camping World from $14.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, September 10th. Ten analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $11.02.

Camping World Price Performance

NYSE CWH opened at $4.54 on Tuesday. Camping World has a 1 year low of $3.96 and a 1 year high of $17.15. The company has a fifty day simple moving average of $5.80 and a 200 day simple moving average of $6.56. The company has a quick ratio of 0.30, a current ratio of 1.22 and a debt-to-equity ratio of 3.77.

Camping World (NYSE:CWH) last announced its earnings results on Wednesday, July 29th. The company reported $0.57 EPS for the quarter, hitting the consensus estimate of $0.57. The firm had revenue of $1.93 billion for 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 quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.57 EPS. On average, equities analysts expect that Camping World will post -0.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Entropy Technologies LP lifted its stake in shares of Camping World by 5.3% in the first quarter. Entropy Technologies LP now owns 40,792 shares of the company’s stock valued at $279,000 after buying an additional 2,048 shares during the period. World Investment Advisors increased its stake in Camping World by 10.2% during the first quarter. World Investment Advisors now owns 22,443 shares of the company’s stock valued at $153,000 after acquiring an additional 2,078 shares during the period. Hsbc Holdings PLC increased its stake in Camping World by 6.4% during the first quarter. Hsbc Holdings PLC now owns 36,843 shares of the company’s stock valued at $252,000 after acquiring an additional 2,214 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in Camping World in the 4th quarter valued at approximately $25,000. Finally, Allworth Financial LP raised its holdings in Camping World by 777.1% in the 2nd quarter. Allworth Financial LP now owns 3,219 shares of the company’s stock valued at $25,000 after acquiring an additional 2,852 shares in the last quarter. Institutional investors own 52.54% of the company’s stock.

Camping World Company Profile

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.