Camping World (NYSE:CWH) Cut to "Neutral" at Citigroup

Key Points

• Citigroup downgraded Camping World from “Buy” to “Neutral” and set a $5 price target, implying 3.64% downside from the prior close.
• Third-quarter results missed expectations: the company reported a $0.19-per-share loss versus an expected $0.14 profit, while revenue of $1.58 billion fell 12.5% year over year.
• Despite the downgrade, analysts’ consensus rating remained “Moderate Buy,” with an average price target of $10.20.

Camping World (NYSE:CWH - Get Free Report) was downgraded by analysts at Citigroup from a "buy" rating to a "neutral" rating in a note issued to investors on Wednesday, Marketbeat reports. They presently have a $5.00 price target on the stock. Citigroup's price objective would suggest a potential downside of 3.64% from the stock's previous close.

CWH has been the subject of several other research reports. Raymond James Financial reissued an "outperform" rating on shares of Camping World in a research note on Monday, October 5th. Northcoast Research set a $11.00 target price on Camping World in a report on Monday, October 19th. Roth Capital reissued a "buy" rating and set a $10.00 price objective (down from $12.00) on shares of Camping World in a report on Monday, September 28th. Robert W. Baird set a $7.00 price target on Camping World in a research report on Friday, July 31st. Finally, KeyCorp reduced their price objective on Camping World from $8.00 to $7.00 and set an "overweight" rating for the company in a research note on Wednesday. Eight investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $10.20.

Camping World Stock Up 7.9%

Shares of CWH stock traded up $0.38 during trading hours on Wednesday, reaching $5.19. 246,793 shares of the company's stock were exchanged, compared to its average volume of 2,653,017. The stock's 50 day moving average is $5.32 and its 200-day moving average is $7.36. The company has a market cap of $535.97 million, a price-to-earnings ratio of -1.31 and a beta of 2.21. Camping World has a fifty-two week low of $3.96 and a fifty-two week high of $15.18. The company has a current ratio of 1.22, a quick ratio of 0.30 and a debt-to-equity ratio of 3.77.

Camping World (NYSE:CWH - Get Free Report) last announced its quarterly earnings data on Monday, November 2nd. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.33). The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.65 billion. Camping World had a negative net margin of 4.20% and a negative return on equity of 17.74%. The business's revenue was down 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 earnings per share. Analysts predict that Camping World will post -0.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Walleye Capital LLC boosted its position in Camping World by 995.1% during the 1st quarter. Walleye Capital LLC now owns 447,737 shares of the company's stock worth $3,058,000 after acquiring an additional 406,852 shares during the last quarter. WINTON GROUP Ltd bought a new stake in Camping World in the 2nd quarter valued at about $762,000. KBC Group NV bought a new position in Camping World during the 1st quarter worth $2,003,000. Royal Bank of Canada lifted its position in shares of Camping World by 99.8% during the 1st quarter. Royal Bank of Canada now owns 29,387 shares of the company's stock valued at $201,000 after acquiring an additional 14,679 shares during the period. Finally, Sei Investments Co. raised its stake in Camping World by 44.7% in the first quarter. Sei Investments Co. now owns 208,795 shares of the company's stock valued at $1,426,000 after purchasing an additional 64,495 shares in the last quarter. 52.54% of the stock is currently owned by institutional investors.

More Camping World News

Here are the key news stories impacting Camping World this week:

• Positive Sentiment: Management outlined more than $150 million in annualized SG&A savings, expects fourth-quarter SG&A to decline by over $50 million year over year, and is targeting positive free cash flow in 2027. Camping World outlines cost cuts and free cash flow target
• Neutral Sentiment: KeyCorp lowered its price target from $8 to $7 but maintained an “overweight” rating, signaling that it still sees potential upside from the cited $4.75 share price despite reducing its valuation outlook. KeyCorp stock recommendations
• Negative Sentiment: Third-quarter results fell short of expectations: Camping World reported a loss of $0.19 per share versus consensus expectations for a profit, and revenue of $1.58 billion versus estimates of $1.65 billion. Revenue fell 12.5% year over year, with weak RV sales cited as a key factor. Weak RV sales drive worse-than-expected Q3 results
• Negative Sentiment: Additional bearish signals include a Seeking Alpha rating downgrade tied to intensifying demand pressure and Camping World’s addition to Zacks’ Strong Sell list. Demand pressure and rating downgrade Zacks Strong Sell list

About Camping World

Camping World Holdings, Inc is a recreational vehicle retailer and service provider operating under the Camping World brand. The company sells new and used motorized and towable recreational vehicles, including motorhomes, travel trailers and fifth-wheel trailers, serving consumers across the United States.

In addition to vehicle sales, Camping World provides related products and services through its dealership network. These offerings include RV parts and accessories, maintenance and repair services, vehicle financing and insurance products, and other ownership-related services.

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