Robert W. Baird Has Lowered Expectations for Camping World (NYSE:CWH) Stock Price

Camping World (NYSE:CWH) had its price target dropped by investment analysts at Robert W. Baird from $18.00 to $15.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s price target points to a potential upside of 8.15% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Truist Financial cut their price target on shares of Camping World from $28.00 to $16.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. KeyCorp dropped their target price on Camping World from $22.00 to $16.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. JPMorgan Chase & Co. upgraded 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. Baird R W cut Camping World from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Finally, Monness Crespi & Hardt decreased their target price on shares of Camping World from $30.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.63.

Camping World Stock Up 4.7 %

NYSE:CWH opened at $13.87 on Thursday. The stock has a 50-day simple moving average of $15.27 and a 200 day simple moving average of $20.05. Camping World has a 52-week low of $11.17 and a 52-week high of $25.97. The company has a market cap of $1.41 billion, a PE ratio of -20.10, a PEG ratio of 0.92 and a beta of 2.32. The company has a debt-to-equity ratio of 9.67, a quick ratio of 0.19 and a current ratio of 1.23.

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

Insider Buying and Selling at Camping World

In related news, President Matthew D. Wagner acquired 5,725 shares of the company’s stock in a transaction dated 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 completion of the transaction, the president now directly owns 300,640 shares of the company’s stock, valued at $5,294,270.40. This trade represents a 1.94 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 35.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cinctive Capital Management LP boosted its holdings in shares of Camping World by 117.2% during the fourth quarter. Cinctive Capital Management LP now owns 125,031 shares of the company’s stock worth $2,636,000 after acquiring an additional 67,459 shares during the period. JPMorgan Chase & Co. lifted its holdings in Camping World by 611.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 292,888 shares of the company’s stock worth $7,094,000 after purchasing an additional 251,748 shares during the last quarter. Vanguard Group Inc. boosted its stake in Camping World by 39.2% in the 4th quarter. Vanguard Group Inc. now owns 5,787,609 shares of the company’s stock valued at $122,003,000 after purchasing an additional 1,630,307 shares during the period. Raymond James Financial Inc. acquired a new position in Camping World in the 4th quarter valued at $1,465,000. Finally, Barclays PLC increased its position in Camping World by 96.9% during the 3rd quarter. Barclays PLC now owns 317,052 shares of the company’s stock worth $7,678,000 after buying an additional 156,055 shares during the period. 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.