Citigroup Cuts Camping World (NYSE:CWH) Price Target to $9.00

Camping World (NYSE:CWH) had its target price decreased by Citigroup from $10.00 to $9.00 in a research report report published on Monday morning,Benzinga reports. Citigroup currently has a buy rating on the stock.

CWH has been the topic of several other reports. Zacks Research raised shares of Camping World from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Truist Financial cut their target price on shares of Camping World from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, April 9th. KeyCorp decreased their target price on shares of Camping World from $12.00 to $9.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. JPMorgan Chase & Co. lowered their price target on shares of Camping World from $16.00 to $11.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Finally, Bank of America reiterated a “buy” rating and issued a $14.00 price target on shares of Camping World in a research note on Friday, July 31st. Ten analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $12.02.

Camping World Price Performance

Shares of CWH stock opened at $6.50 on Monday. The business has a fifty day simple moving average of $6.90 and a 200 day simple moving average of $8.19. The company has a market cap of $669.64 million, a P/E ratio of -4.19 and a beta of 2.06. The company has a quick ratio of 0.23, a current ratio of 1.22 and a debt-to-equity ratio of 3.77. Camping World has a twelve month low of $5.49 and a twelve month high of $18.34.

Camping World (NYSE:CWH) last released its earnings results on Wednesday, July 29th. The company reported $0.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.57. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Camping World had a negative return on equity of 3.52% and a negative net margin of 1.55%.The business’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.57 earnings per share. On average, sell-side analysts forecast that Camping World will post 0.33 EPS for the current fiscal year.

Hedge Funds Weigh In On Camping World

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP grew its stake in shares of Camping World by 2,275.8% in the third quarter. Quarry LP now owns 1,568 shares of the company’s stock worth $25,000 after purchasing an additional 1,502 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Camping World during the 4th quarter worth $25,000. Russell Investments Group Ltd. raised its position in Camping World by 923.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 5,539 shares of the company’s stock worth $87,000 after purchasing an additional 4,998 shares during the last quarter. Advisory Services Network LLC acquired a new position in Camping World during the 3rd quarter worth about $109,000. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in Camping World by 117.1% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 8,877 shares of the company’s stock worth $153,000 after buying an additional 4,789 shares during the period. 52.54% of the stock is currently owned by institutional investors and hedge funds.

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.