Camping World (NYSE:CWH) Price Target Cut to $16.00 by Analysts at KeyCorp

Camping World (NYSE:CWH) had its target price reduced by research analysts at KeyCorp from $22.00 to $16.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price objective suggests a potential upside of 33.63% from the company’s previous close.

A number of other equities analysts also recently commented on CWH. Robert W. Baird reiterated a “neutral” rating and issued a $18.00 target price (down from $28.00) on shares of Camping World in a report on Friday, April 4th. Bank of America initiated coverage on shares of Camping World in a research note on Thursday, December 19th. They set a “buy” rating and a $30.00 price objective for the company. Truist Financial lowered their target price on shares of Camping World from $28.00 to $16.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Finally, Baird R W downgraded Camping World from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.63.

Camping World Price Performance

NYSE CWH opened at $11.97 on Thursday. The company has a market cap of $1.22 billion, a PE ratio of -17.35, a P/E/G ratio of 0.92 and a beta of 2.32. The firm’s 50 day moving average price is $17.02 and its 200-day moving average price is $20.74. The company has a debt-to-equity ratio of 9.67, a quick ratio of 0.19 and a current ratio of 1.23. Camping World has a 52-week low of $11.46 and a 52-week high of $25.97.

Camping World (NYSE:CWH) last announced its earnings results on Tuesday, February 25th. The company reported ($0.55) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.55). The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Camping World had a negative return on equity of 23.77% and a negative net margin of 0.40%. Sell-side analysts forecast that Camping World will post -0.66 EPS for the current fiscal year.

Insider Activity at Camping World

In other news, President Matthew D. Wagner purchased 5,725 shares of the stock in a transaction on Tuesday, March 4th. The stock was bought at an average price of $17.61 per share, with a total value of $100,817.25. Following the transaction, the president now owns 300,640 shares in the company, valued at $5,294,270.40. The trade was a 1.94 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 35.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Camping World by 39.2% in the 4th quarter. Vanguard Group Inc. now owns 5,787,609 shares of the company’s stock worth $122,003,000 after buying an additional 1,630,307 shares during the period. Eminence Capital LP boosted its holdings in shares of Camping World by 6.9% in the 4th quarter. Eminence Capital LP now owns 4,110,205 shares of the company’s stock valued at $86,643,000 after acquiring an additional 264,935 shares during the last quarter. Capital Research Global Investors increased its stake in shares of Camping World by 39.8% in the fourth quarter. Capital Research Global Investors now owns 3,422,710 shares of the company’s stock worth $72,151,000 after acquiring an additional 975,168 shares during the period. Hood River Capital Management LLC purchased a new position in shares of Camping World during the fourth quarter worth $62,142,000. Finally, Interval Partners LP boosted its holdings in Camping World by 71.8% in the fourth quarter. Interval Partners LP now owns 2,875,845 shares of the company’s stock valued at $60,623,000 after purchasing an additional 1,202,258 shares during the last quarter. 52.54% of the stock is currently owned by hedge funds and other institutional investors.

About Camping World

Camping World Holdings, Inc, together its subsidiaries, retails recreational vehicles (RVs), and related products and services in the United States. It operates in two segments, Good Sam Services and Plans; and RV and Outdoor Retail. The company provides a portfolio of services, protection plans, products, and resources in the RV industry.