Camping World (NYSE:CWH) Given New $16.00 Price Target at Truist Financial

Camping World (NYSE:CWH - Get Free Report) had its price objective dropped by stock analysts at Truist Financial from $28.00 to $16.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Truist Financial's price objective would suggest a potential upside of 33.63% from the company's previous close.

A number of other research analysts have also recently issued reports on the stock. Robert W. Baird reissued a "neutral" rating and issued a $18.00 price objective (down from $28.00) on shares of Camping World in a research note on Friday, April 4th. Bank of America started coverage on Camping World in a report on Thursday, December 19th. They set a "buy" rating and a $30.00 price target for the company. KeyCorp reduced their price objective on Camping World from $27.00 to $22.00 and set an "overweight" rating on the stock in a research note on Thursday, March 20th. Finally, Baird R W downgraded Camping World from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $23.63.

Camping World Price Performance

NYSE CWH traded up $0.29 during midday trading on Monday, hitting $11.97. The company had a trading volume of 3,386,525 shares, compared to its average volume of 1,317,510. The company has a market capitalization of $1.22 billion, a PE ratio of -17.35, a P/E/G ratio of 0.92 and a beta of 2.32. Camping World has a twelve month low of $11.46 and a twelve month high of $25.97. The company has a current ratio of 1.23, a quick ratio of 0.19 and a debt-to-equity ratio of 9.67. The firm has a 50-day moving average price of $17.02 and a 200-day moving average price of $20.74.

Camping World (NYSE:CWH - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported ($0.55) EPS for the quarter, meeting analysts' consensus estimates of ($0.55). Camping World had a negative return on equity of 23.77% and a negative net margin of 0.40%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.13 billion. As a group, analysts anticipate that Camping World will post -0.66 earnings per share for the current fiscal year.

Insider Transactions at Camping World

In related news, President Matthew D. Wagner acquired 5,725 shares of the stock in a transaction dated Tuesday, March 4th. The stock was bought at an average cost of $17.61 per share, for a total transaction 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. The trade was a 1.94 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 35.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Hood River Capital Management LLC acquired a new stake in shares of Camping World during the fourth quarter worth $62,142,000. Vanguard Group Inc. raised its holdings in Camping World by 39.2% during 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 last quarter. Alyeska Investment Group L.P. bought a new position in Camping World in the 4th quarter valued at about $33,698,000. Interval Partners LP lifted 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 in the last quarter. Finally, Capital Research Global Investors boosted its holdings in 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 acquiring an additional 975,168 shares during the last quarter. 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.