Camping World (NYSE:CWH) Price Target Lowered to $15.00 at Monness Crespi & Hardt

Camping World (NYSE:CWH) had its price target lowered by Monness Crespi & Hardt from $20.00 to $15.00 in a research note issued on Thursday. The firm currently has a “buy” rating on the stock. Monness Crespi & Hardt’s target price indicates a potential upside of 65.02% from the company’s current price.

Several other equities research analysts also recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Camping World in a research report on Monday, December 29th. KeyCorp decreased their target price on Camping World from $21.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. JPMorgan Chase & Co. reduced their target price on Camping World from $22.00 to $19.00 and set an “overweight” rating for the company in a report on Monday, November 3rd. BMO Capital Markets restated an “outperform” rating and set a $22.00 price target on shares of Camping World in a research report on Thursday, October 30th. Finally, Truist Financial cut their target price on Camping World from $20.00 to $15.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Eight research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Camping World currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.11.

Camping World Stock Performance

CWH stock opened at $9.09 on Thursday. Camping World has a one year low of $8.12 and a one year high of $21.30. The firm has a market cap of $929.82 million, a price-to-earnings ratio of -6.31 and a beta of 2.08. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.27 and a current ratio of 1.26. The firm has a 50-day simple moving average of $11.90 and a two-hundred day simple moving average of $13.59.

Camping World (NYSE:CWH) last announced 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). Camping World had a negative return on equity of 3.09% and a negative net margin of 1.41%.The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter last year, the firm earned ($0.47) earnings per share. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. On average, equities analysts forecast that Camping World will post -0.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Quarry LP boosted its stake in Camping World by 2,275.8% in the third quarter. Quarry LP now owns 1,568 shares of the company’s stock valued at $25,000 after acquiring an additional 1,502 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Camping World in the 4th quarter valued at approximately $25,000. State of Wyoming purchased a new stake in shares of Camping World during the 3rd quarter worth $43,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Camping World in the 3rd quarter valued at about $83,000. Finally, Russell Investments Group Ltd. lifted its stake in shares of Camping World by 923.8% in the third quarter. Russell Investments Group Ltd. now owns 5,539 shares of the company’s stock valued at $87,000 after purchasing an additional 4,998 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.