Camping World (NYSE:CWH) Price Target Raised to $22.00 at Citigroup

Key Points

• Citigroup has raised its price target for Camping World (NYSE:CWH) from $21.00 to $22.00, indicating a potential upside of 35.85% based on the stock's previous close.
• Camping World recently reported earnings of $0.57 per share, slightly missing analysts' estimates, but achieved revenue of $1.98 billion, surpassing expectations.
• The stock currently holds a consensus rating of "Moderate Buy" from eight analysts, with three issuing "Hold" ratings.

Camping World (NYSE:CWH - Get Free Report) had its price objective raised by equities research analysts at Citigroup from $21.00 to $22.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Citigroup's target price would indicate a potential upside of 35.85% from the stock's previous close.

A number of other research analysts have also recently commented on CWH. Zacks Research upgraded shares of Camping World from a "strong sell" rating to a "hold" rating in a research note on Friday, September 5th. Truist Financial lifted their price objective on Camping World from $16.00 to $20.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. KeyCorp upped their target price on shares of Camping World from $18.00 to $21.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Finally, Raymond James Financial decreased their price objective on shares of Camping World from $20.00 to $18.00 and set an "outperform" rating on the stock in a research note on Thursday, July 31st. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $21.67.

Camping World Stock Performance

Shares of NYSE CWH opened at $16.19 on Friday. The business has a fifty day simple moving average of $16.94 and a 200 day simple moving average of $16.39. The company has a current ratio of 1.26, a quick ratio of 0.24 and a debt-to-equity ratio of 3.12. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of -80.97 and a beta of 1.92. Camping World has a one year low of $11.17 and a one year high of $25.97.

Camping World (NYSE:CWH - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates of $0.58 by ($0.01). The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.87 billion. Camping World had a negative return on equity of 2.81% and a negative net margin of 0.13%.The firm's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 EPS. Sell-side analysts expect that Camping World will post -0.66 EPS for the current year.

Hedge Funds Weigh In On Camping World

Several large investors have recently made changes to their positions in CWH. Eminence Capital LP raised its holdings in Camping World by 123.3% during the 2nd quarter. Eminence Capital LP now owns 4,134,705 shares of the company's stock worth $71,076,000 after purchasing an additional 2,283,331 shares during the last quarter. Walleye Capital LLC boosted its stake in shares of Camping World by 807.5% in the 2nd quarter. Walleye Capital LLC now owns 587,149 shares of the company's stock valued at $10,093,000 after purchasing an additional 522,449 shares during the last quarter. Balyasny Asset Management L.P. grew its position in shares of Camping World by 18.0% during the 2nd quarter. Balyasny Asset Management L.P. now owns 3,221,271 shares of the company's stock worth $55,374,000 after buying an additional 490,245 shares during the period. BNP Paribas Financial Markets lifted its holdings in Camping World by 724.2% in the second quarter. BNP Paribas Financial Markets now owns 547,384 shares of the company's stock valued at $9,410,000 after buying an additional 480,967 shares during the period. Finally, 1060 Capital LLC acquired a new position in Camping World in the first quarter valued at approximately $5,818,000. 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.

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