Camping World (NYSE:CWH) Price Target Cut to $26.00

Camping World (NYSE:CWH) had its price target reduced by equities researchers at KeyCorp from $30.00 to $26.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s price target would suggest a potential upside of 29.35% from the company’s previous close.

Several other brokerages have also commented on CWH. Stephens reaffirmed an “overweight” rating and issued a $28.00 price target (up previously from $26.00) on shares of Camping World in a research note on Wednesday, January 17th. Roth Mkm reaffirmed a “buy” rating and issued a $28.00 price target (down previously from $30.00) on shares of Camping World in a research note on Friday. Citigroup upped their price target on Camping World from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, January 23rd. StockNews.com raised Camping World from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Truist Financial decreased their price target on Camping World from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Friday. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $29.91.

Camping World Price Performance

Shares of CWH traded down $0.03 during trading hours on Friday, hitting $20.10. 2,091,266 shares of the stock were exchanged, compared to its average volume of 985,821. The company has a debt-to-equity ratio of 7.55, a quick ratio of 0.16 and a current ratio of 1.21. Camping World has a 12-month low of $16.18 and a 12-month high of $32.88. The company has a market cap of $1.70 billion, a price-to-earnings ratio of -502.37 and a beta of 2.67. The stock’s 50-day moving average price is $24.89 and its two-hundred day moving average price is $23.79.

Camping World (NYSE:CWH) last issued its quarterly earnings results on Wednesday, February 21st. The company reported ($0.53) EPS for the quarter, topping the consensus estimate of ($0.59) by $0.06. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Camping World had a negative return on equity of 2.16% and a net margin of 0.09%. The firm’s revenue for the quarter was down 13.4% on a year-over-year basis. During the same period in the previous year, the business earned ($0.33) earnings per share. Research analysts expect that Camping World will post 1.06 earnings per share for the current year.

Insider Buying and Selling at Camping World

In related news, CEO Marcus Lemonis sold 100,000 shares of Camping World stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $25.63, for a total value of $2,563,000.00. Following the sale, the chief executive officer now directly owns 405,268 shares in the company, valued at $10,387,018.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 43.80% of the company’s stock.

Institutional Investors Weigh In On Camping World

Institutional investors have recently added to or reduced their stakes in the company. Schonfeld Strategic Advisors LLC grew its position in Camping World by 13.2% during the third quarter. Schonfeld Strategic Advisors LLC now owns 367,300 shares of the company’s stock valued at $7,497,000 after acquiring an additional 42,767 shares during the period. Gendell Jeffrey L boosted its position in shares of Camping World by 68.0% in the third quarter. Gendell Jeffrey L now owns 335,900 shares of the company’s stock worth $6,856,000 after buying an additional 135,900 shares during the period. Deutsche Bank AG boosted its position in shares of Camping World by 40.8% in the third quarter. Deutsche Bank AG now owns 387,831 shares of the company’s stock worth $7,916,000 after buying an additional 112,478 shares during the period. Scopus Asset Management L.P. purchased a new stake in shares of Camping World in the third quarter worth about $918,000. Finally, FMR LLC raised its stake in Camping World by 9.5% during the third quarter. FMR LLC now owns 1,941,972 shares of the company’s stock valued at $39,636,000 after buying an additional 169,117 shares in the last quarter. Hedge funds and other institutional investors own 52.54% of the company’s stock.

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.