Citigroup Forecasts Strong Price Appreciation for Camping World (NYSE:CWH) Stock

Camping World (NYSE:CWH) had its price objective hoisted by research analysts at Citigroup from $16.00 to $21.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s target price would suggest a potential upside of 25.28% from the stock’s current price.

Several other equities analysts have also weighed in on CWH. Robert W. Baird cut their target price on shares of Camping World from $18.00 to $15.00 and set a “neutral” rating for the company in a report on Thursday, May 1st. KeyCorp dropped their price target on shares of Camping World from $22.00 to $16.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Monness Crespi & Hardt decreased their price objective on shares of Camping World from $30.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Truist Financial lowered their target price on shares of Camping World from $28.00 to $16.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Finally, Baird R W lowered Camping World from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $21.56.

Camping World Stock Performance

NYSE CWH opened at $16.76 on Friday. The firm has a market capitalization of $1.71 billion, a P/E ratio of -24.29, a PEG ratio of 0.92 and a beta of 2.13. The stock has a 50-day simple moving average of $14.67 and a two-hundred day simple moving average of $19.56. 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 has a fifty-two week low of $11.17 and a fifty-two week high of $25.97.

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

Insider Activity at Camping World

In other news, President Matthew D. Wagner acquired 5,725 shares of Camping World stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased 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 in the company, valued at $5,294,270.40. This trade represents a 1.94% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 35.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Camping World

Large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Camping World by 4.3% in the first quarter. Vanguard Group Inc. now owns 6,034,743 shares of the company’s stock worth $97,521,000 after buying an additional 247,134 shares in the last quarter. Eminence Capital LP lifted its stake in Camping World by 6.9% in the 4th quarter. Eminence Capital LP now owns 4,110,205 shares of the company’s stock worth $86,643,000 after purchasing an additional 264,935 shares in the last quarter. Capital Research Global Investors boosted its holdings in shares of Camping World by 39.8% during the 4th quarter. Capital Research Global Investors now owns 3,422,710 shares of the company’s stock worth $72,151,000 after purchasing an additional 975,168 shares during the last quarter. Hood River Capital Management LLC purchased a new stake in shares of Camping World in the fourth quarter valued at approximately $62,142,000. Finally, Interval Partners LP increased its holdings in shares of Camping World by 71.8% in the fourth quarter. Interval Partners LP now owns 2,875,845 shares of the company’s stock valued at $60,623,000 after purchasing an additional 1,202,258 shares during the last quarter. Hedge funds and other institutional investors 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.