Raymond James Financial Lowers Camping World (NYSE:CWH) Price Target to $18.00

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Camping World (NYSE:CWH - Get Free Report) had its target price cut by investment analysts at Raymond James Financial from $20.00 to $18.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Raymond James Financial's price objective would indicate a potential upside of 20.89% from the stock's previous close.

CWH has been the subject of several other research reports. Baird R W downgraded shares of Camping World from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. KeyCorp reiterated an "overweight" rating and set a $18.00 price target (up from $16.00) on shares of Camping World in a research report on Friday, May 23rd. Truist Financial upped their target price on Camping World from $16.00 to $20.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Monness Crespi & Hardt cut their price target on Camping World from $30.00 to $20.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Finally, Robert W. Baird dropped their price target on shares of Camping World from $18.00 to $15.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $21.44.

Camping World Trading Up 7.2%

Shares of NYSE CWH traded up $1.00 during mid-day trading on Thursday, reaching $14.89. 2,867,520 shares of the company's stock were exchanged, compared to its average volume of 2,304,416. The company's 50-day moving average is $17.67 and its 200-day moving average is $17.53. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of -74.45 and a beta of 1.76. Camping World has a 52-week low of $11.17 and a 52-week high of $25.97. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.24 and a current ratio of 1.26.

Camping World (NYSE:CWH - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). The business had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $1.87 billion. Camping World had a negative net margin of 0.13% and a negative return on equity of 2.81%. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.38 EPS. Analysts expect that Camping World will post -0.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Camping World

Several large investors have recently added to or reduced their stakes in CWH. American Century Companies Inc. boosted its position in Camping World by 20.3% during the 4th quarter. American Century Companies Inc. now owns 91,342 shares of the company's stock valued at $1,925,000 after purchasing an additional 15,383 shares during the period. Sei Investments Co. bought a new stake in shares of Camping World in the 4th quarter worth approximately $2,254,000. KLP Kapitalforvaltning AS bought a new stake in shares of Camping World during the 4th quarter worth $226,000. Vanguard Group Inc. boosted its holdings in shares of Camping World by 39.2% in the fourth quarter. Vanguard Group Inc. now owns 5,787,609 shares of the company's stock worth $122,003,000 after buying an additional 1,630,307 shares during the period. Finally, Corebridge Financial Inc. lifted its holdings in shares of Camping World by 23.2% in the fourth quarter. Corebridge Financial Inc. now owns 27,902 shares of the company's stock valued at $588,000 after purchasing an additional 5,249 shares in the last quarter. 52.54% of the stock is currently owned by institutional investors.

About Camping World

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.