Camping World (NYSE:CWH) Stock Gets Price Target Trim from Truist Financial

Camping World (NYSE:CWH) had its price target trimmed by Truist Financial from $10.00 to $7.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts have also recently commented on CWH. JPMorgan Chase & Co. lowered their price target on Camping World from $11.00 to $9.00 and set an “overweight” rating for the company in a report on Tuesday, October 6th. Raymond James Financial restated an “outperform” rating on shares of Camping World in a research report on Monday, October 5th. Northcoast Research set a $11.00 price objective on Camping World in a research note on Monday, October 19th. Citigroup cut Camping World from a “buy” rating to a “neutral” rating and decreased their target price for the company from $7.00 to $5.00 in a research report on Wednesday, November 4th. Finally, Zacks Research cut Camping World from a “hold” rating to a “strong sell” rating in a research report on Friday, October 16th. Nine investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Camping World currently has an average rating of “Moderate Buy” and an average target price of $9.60.

Camping World Stock Performance

NYSE CWH opened at $4.33 on Wednesday. The firm’s 50 day simple moving average is $5.02 and its 200 day simple moving average is $6.98. The company has a current ratio of 1.24, a quick ratio of 0.30 and a debt-to-equity ratio of 18.55. Camping World has a 1 year low of $3.96 and a 1 year high of $15.18.

Camping World (NYSE:CWH) last announced its quarterly earnings data on Monday, November 2nd. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.33). Camping World had a negative net margin of 4.20% and a negative return on equity of 22.04%. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the firm earned $0.43 earnings per share. The firm’s revenue for the quarter was down 12.5% on a year-over-year basis. On average, equities analysts expect that Camping World will post -0.55 earnings per share for the current fiscal year.

Institutional Trading of Camping World

Hedge funds have recently added to or reduced their stakes in the stock. Cibc World Market Inc. increased its holdings in shares of Camping World by 47.7% during the third quarter. Cibc World Market Inc. now owns 2,264,653 shares of the company’s stock worth $11,369,000 after buying an additional 731,003 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Camping World by 4.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,077,442 shares of the company’s stock valued at $7,358,000 after acquiring an additional 41,258 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Camping World by 333.3% in the 3rd quarter. Marshall Wace LLP now owns 475,084 shares of the company’s stock valued at $2,385,000 after acquiring an additional 365,435 shares during the last quarter. Walleye Capital LLC boosted its holdings in shares of Camping World by 995.1% during the 1st quarter. Walleye Capital LLC now owns 447,737 shares of the company’s stock valued at $3,058,000 after acquiring an additional 406,852 shares in the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Camping World during the 3rd quarter valued at $1,595,000. Institutional investors and hedge funds own 52.54% of the company’s stock.

About Camping World

Camping World Holdings, Inc. is a U.S.-based recreational vehicle retailer that sells new and pre-owned motorhomes, travel trailers and other RVs through a network of dealerships. The company also provides RV maintenance and repair services and sells parts, accessories and related products. Its offerings include financing and insurance products, extended service plans and other services for RV owners. Camping World also operates the Good Sam brand, which provides membership benefits and services such as roadside assistance and travel-related resources.