Truist Financial Lowers Camping World (NYSE:CWH) Price Target to $14.00

Camping World (NYSE:CWH) had its target price reduced by Truist Financial from $15.00 to $14.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s target price would suggest a potential upside of 101.99% from the company’s current price.

Several other research analysts have also commented on the stock. BMO Capital Markets dropped their price target on shares of Camping World from $22.00 to $16.00 and set an “outperform” rating on the stock in a research note on Thursday, February 26th. Wall Street Zen downgraded shares of Camping World from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Roth Mkm reaffirmed a “buy” rating and set a $16.00 price objective (down from $18.00) on shares of Camping World in a report on Thursday, February 26th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Camping World in a report on Monday, December 29th. Finally, Monness Crespi & Hardt decreased their price objective on shares of Camping World from $20.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Nine analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $15.70.

Camping World Trading Down 2.4%

Shares of CWH opened at $6.93 on Thursday. Camping World has a 1-year low of $5.70 and a 1-year high of $19.64. The firm has a 50 day simple moving average of $9.07 and a 200-day simple moving average of $11.42. The stock has a market cap of $713.82 million, a price-to-earnings ratio of -4.84 and a beta of 2.14. The company has a debt-to-equity ratio of 4.14, a current ratio of 1.20 and a quick ratio of 0.23.

Camping World (NYSE:CWH) last posted its earnings results on Tuesday, February 24th. The company reported ($0.73) earnings per share for the quarter, missing the consensus estimate of ($0.63) by ($0.10). The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. Camping World had a negative net margin of 1.41% and a negative return on equity of 3.29%. The business’s revenue was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.47) EPS. Equities analysts forecast that Camping World will post -0.66 EPS for the current fiscal year.

Institutional Investors Weigh In On Camping World

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CWH. AQR Capital Management LLC acquired a new stake in Camping World in the 1st quarter valued at about $1,787,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Camping World by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,339 shares of the company’s stock valued at $539,000 after buying an additional 1,401 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Camping World by 66.2% during the first quarter. Goldman Sachs Group Inc. now owns 889,377 shares of the company’s stock worth $14,372,000 after buying an additional 354,333 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Camping World by 17.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 119,259 shares of the company’s stock valued at $1,927,000 after purchasing an additional 17,665 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Camping World by 371.3% during the second quarter. JPMorgan Chase & Co. now owns 278,701 shares of the company’s stock worth $4,791,000 after purchasing an additional 219,568 shares during the period. Institutional investors and hedge funds own 52.54% of the company’s stock.

About Camping World

Camping World Holdings, Inc (NYSE: CWH) is a leading specialty retailer of recreational vehicles (“RVs”), RV parts and services, and outdoor lifestyle products. The company operates an extensive network of full-service RV dealerships, providing new and pre-owned RV sales alongside comprehensive maintenance, repair and warranty services. In addition to its dealership operations, Camping World offers a broad assortment of RV parts, accessories and gear through both its physical retail locations and e-commerce platform.

Beyond RV sales and service, Camping World’s offerings encompass outdoor cookware, apparel, camping and towing accessories under various proprietary and third-party brands.