KeyCorp Has Lowered Expectations for Camping World (NYSE:CWH) Stock Price

Camping World (NYSE:CWH) had its target price reduced by analysts at KeyCorp from $9.00 to $8.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s target price would indicate a potential upside of 79.57% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Robert W. Baird set a $7.00 target price on Camping World in a report on Friday, July 31st. Truist Financial dropped their target price on shares of Camping World from $14.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, September 10th. Roth Capital reiterated a “buy” rating and set a $10.00 price objective (down from $12.00) on shares of Camping World in a research report on Monday, September 28th. Wall Street Zen upgraded Camping World from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Raymond James Financial reissued an “outperform” rating on shares of Camping World in a research report on Monday. Ten research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Camping World has an average rating of “Moderate Buy” and a consensus price target of $11.11.

Camping World Trading Down 1.4%

Shares of CWH stock traded down $0.07 on Thursday, reaching $4.46. 153,692 shares of the stock were exchanged, compared to its average volume of 2,670,997. Camping World has a 1-year low of $3.96 and a 1-year high of $17.15. The stock has a market cap of $460.16 million, a P/E ratio of -2.88 and a beta of 2.15. The company has a quick ratio of 0.30, a current ratio of 1.22 and a debt-to-equity ratio of 3.77. The firm has a 50 day moving average of $6.03 and a two-hundred day moving average of $6.66.

Camping World (NYSE:CWH) last announced its earnings results on Wednesday, July 29th. The company reported $0.57 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.57. Camping World had a negative return on equity of 3.52% and a negative net margin of 1.55%.The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same period in the previous year, the company earned $0.57 earnings per share. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. On average, research analysts anticipate that Camping World will post 0.08 EPS for the current year.

Hedge Funds Weigh In On Camping World

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Eminence Capital LP grew its position in shares of Camping World by 45.8% in the fourth 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 during the last quarter. Dimensional Fund Advisors LP grew its position in Camping World by 4.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,077,442 shares of the company’s stock worth $7,358,000 after buying an additional 41,258 shares in the last quarter. RBF Capital LLC increased its stake in Camping World by 68.1% during the fourth quarter. RBF Capital LLC now owns 440,078 shares of the company’s stock valued at $4,282,000 after acquiring an additional 178,253 shares during the period. 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 valued at $3,058,000 after acquiring an additional 406,852 shares in the last quarter. Finally, KBC Group NV acquired a new stake in shares of Camping World during the 1st quarter worth approximately $2,003,000. Institutional investors and hedge funds 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.