Monness Crespi & Hardt Issues Pessimistic Forecast for Camping World (NYSE:CWH) Stock Price

Camping World (NYSE:CWH) had its target price lowered by Monness Crespi & Hardt from $30.00 to $20.00 in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The firm presently has a “buy” rating on the stock. Monness Crespi & Hardt’s price objective indicates a potential upside of 44.20% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. raised shares of Camping World from a “neutral” rating to an “overweight” rating and decreased their price target for the company from $23.00 to $21.00 in a research note on Thursday. KeyCorp dropped their target price on Camping World from $22.00 to $16.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Baird R W lowered Camping World from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Robert W. Baird reiterated a “neutral” rating and set a $18.00 price target (down from $28.00) on shares of Camping World in a research note on Friday, April 4th. Finally, Truist Financial reduced their target price on shares of Camping World from $28.00 to $16.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.63.

Camping World Stock Performance

Camping World stock opened at $13.87 on Thursday. Camping World has a twelve month low of $11.17 and a twelve month high of $25.97. The company has a quick ratio of 0.19, a current ratio of 1.23 and a debt-to-equity ratio of 9.67. The company’s 50-day moving average price is $15.27 and its 200-day moving average price is $20.05. The company has a market cap of $1.41 billion, a PE ratio of -20.10, a price-to-earnings-growth ratio of 0.92 and a beta of 2.32.

Camping World (NYSE:CWH) last released its earnings results on Tuesday, April 29th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.07. Camping World had a negative net margin of 0.40% and a negative return on equity of 23.77%. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the business earned ($0.40) EPS. The business’s revenue was up 3.6% on a year-over-year basis. On average, equities research analysts forecast that Camping World will post -0.66 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, President Matthew D. Wagner acquired 5,725 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were bought at an average cost of $17.61 per share, with a total value of $100,817.25. Following the purchase, the president now owns 300,640 shares of the company’s stock, valued at $5,294,270.40. This represents a 1.94 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 35.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Camping World

A number of hedge funds have recently added to or reduced their stakes in CWH. Blue Trust Inc. grew its position in Camping World by 195.0% during the fourth quarter. Blue Trust Inc. now owns 1,534 shares of the company’s stock worth $32,000 after buying an additional 1,014 shares during the period. Byrne Asset Management LLC purchased a new position in Camping World during the first quarter worth about $44,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Camping World during the 4th quarter valued at $63,000. Sandia Investment Management LP acquired a new position in shares of Camping World in the 4th quarter valued at about $105,000. Finally, Summit Investment Advisors Inc. lifted its stake in shares of Camping World by 33.4% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,546 shares of the company’s stock worth $117,000 after acquiring an additional 1,390 shares in the last quarter. Institutional investors and hedge funds own 52.54% of the company’s stock.

Camping World Company Profile

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.