Camping World (NYSE:CWH) Stock Rating Cut to “Neutral” at Citigroup

Camping World (NYSE:CWH) was downgraded by analysts at Citigroup from a “buy” rating to a “neutral” rating in a research note issued on Wednesday, MarketBeat reports. They presently have a $5.00 target price on the stock. Citigroup‘s price target indicates a potential downside of 3.64% from the stock’s previous close.

A number of other equities analysts have also recently commented on CWH. Northcoast Research set a $11.00 price target on shares of Camping World in a research note on Monday, October 19th. Robert W. Baird set a $7.00 price objective on Camping World in a report on Friday, July 31st. Zacks Research lowered shares of Camping World from a “hold” rating to a “strong sell” rating in a report on Friday, October 16th. JPMorgan Chase & Co. lowered their price objective on shares of Camping World from $11.00 to $9.00 and set an “overweight” rating for the company in a research report on Tuesday, October 6th. Finally, Truist Financial decreased their price objective on shares of Camping World from $14.00 to $10.00 and set a “buy” rating for the company in a report on Thursday, September 10th. Eight research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned 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 $10.20.

Camping World Stock Performance

CWH stock traded up $0.38 during midday trading on Wednesday, hitting $5.19. The company’s stock had a trading volume of 246,793 shares, compared to its average volume of 2,653,017. The stock’s 50-day moving average price is $5.32 and its 200 day moving average price is $7.36. 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 stock has a market cap of $535.97 million, a price-to-earnings ratio of -1.31 and a beta of 2.21. Camping World has a 1 year low of $3.96 and a 1 year high of $15.18.

Camping World (NYSE:CWH) last released 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). The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.65 billion. Camping World had a negative return on equity of 17.74% and a negative net margin of 4.20%. The firm’s quarterly revenue was down 12.5% on a year-over-year basis. During the same period last year, the business posted $0.43 earnings per share. On average, equities analysts forecast that Camping World will post -0.06 EPS for the current year.

Hedge Funds Weigh In On Camping World

A number of institutional investors have recently modified their holdings of CWH. Entropy Technologies LP increased its holdings in 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 in the last quarter. World Investment Advisors lifted its holdings in Camping World by 10.2% in 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 last quarter. Hsbc Holdings PLC raised its stake in shares of Camping World by 6.4% in the 1st 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. Allworth Financial LP grew its position 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. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Camping World in the second quarter valued at $28,000. Hedge funds and other institutional investors own 52.54% of the company’s stock.

Camping World News Roundup

Here are the key news stories impacting Camping World this week:

• Positive Sentiment: Management outlined more than $150 million in annualized SG&A savings, expects fourth-quarter SG&A to decline by over $50 million year over year, and is targeting positive free cash flow in 2027. Camping World outlines cost cuts and free cash flow target
• Neutral Sentiment: KeyCorp lowered its price target from $8 to $7 but maintained an “overweight” rating, signaling that it still sees potential upside from the cited $4.75 share price despite reducing its valuation outlook. KeyCorp stock recommendations
• Negative Sentiment: Third-quarter results fell short of expectations: Camping World reported a loss of $0.19 per share versus consensus expectations for a profit, and revenue of $1.58 billion versus estimates of $1.65 billion. Revenue fell 12.5% year over year, with weak RV sales cited as a key factor. Weak RV sales drive worse-than-expected Q3 results
• Negative Sentiment: Additional bearish signals include a Seeking Alpha rating downgrade tied to intensifying demand pressure and Camping World’s addition to Zacks’ Strong Sell list. Demand pressure and rating downgrade Zacks Strong Sell list

Camping World Company Profile

Camping World Holdings, Inc is a recreational vehicle retailer and service provider operating under the Camping World brand. The company sells new and used motorized and towable recreational vehicles, including motorhomes, travel trailers and fifth-wheel trailers, serving consumers across the United States.

In addition to vehicle sales, Camping World provides related products and services through its dealership network. These offerings include RV parts and accessories, maintenance and repair services, vehicle financing and insurance products, and other ownership-related services.