JPMorgan Chase & Co. Issues Pessimistic Forecast for Camping World (NYSE:CWH) Stock Price

Camping World (NYSE:CWH) had its price objective decreased by equities researchers at JPMorgan Chase & Co. from $11.00 to $9.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 98.46% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the stock. Robert W. Baird set a $7.00 price objective on shares of Camping World in a research report on Friday, July 31st. Roth Capital reaffirmed a “buy” rating and issued a $10.00 target price (down from $12.00) on shares of Camping World in a report on Monday, September 28th. Wall Street Zen upgraded Camping World from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Truist Financial cut their price target on Camping World from $14.00 to $10.00 and set a “buy” rating for the company in a report on Thursday, September 10th. Finally, Bank of America restated a “buy” rating and issued a $14.00 price target on shares of Camping World in a research report on Friday, July 31st. Ten research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $11.20.

Camping World Stock Performance

Shares of NYSE CWH opened at $4.54 on Tuesday. The firm’s 50-day moving average price is $6.03 and its 200-day moving average price is $6.66. Camping World has a 52-week low of $3.96 and a 52-week high of $17.15. The company has a market cap of $468.42 million, a PE ratio of -2.93 and a beta of 2.15. The company has a quick ratio of 0.30, a current ratio of 1.22 and a debt-to-equity ratio of 3.77.

Camping World (NYSE:CWH) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.57 earnings per share for the quarter, meeting the consensus estimate of $0.57. The firm had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Camping World had a negative net margin of 1.55% and a negative return on equity of 3.52%. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.57 earnings per share. As a group, analysts anticipate that Camping World will post 0.08 EPS for the current year.

Institutional Investors Weigh In On Camping World

Several institutional investors and hedge funds have recently modified their holdings of the stock. Eminence Capital LP boosted its position in shares of Camping World by 45.8% during the fourth quarter. Eminence Capital LP now owns 5,779,805 shares of the company’s stock worth $56,238,000 after acquiring an additional 1,815,042 shares during the last quarter. Capital Research Global Investors increased its holdings in Camping World by 12.8% in the 4th quarter. Capital Research Global Investors now owns 4,191,781 shares of the company’s stock valued at $40,786,000 after acquiring an additional 476,135 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Camping World by 4.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,077,442 shares of the company’s stock valued at $7,358,000 after acquiring an additional 41,258 shares during the last quarter. Walleye Capital LLC lifted its stake in Camping World by 995.1% in the 1st quarter. Walleye Capital LLC now owns 447,737 shares of the company’s stock worth $3,058,000 after purchasing an additional 406,852 shares in the last quarter. Finally, RBF Capital LLC lifted its stake in Camping World by 68.1% in the 4th quarter. RBF Capital LLC now owns 440,078 shares of the company’s stock worth $4,282,000 after purchasing an additional 178,253 shares in the last quarter. Institutional investors own 52.54% of the company’s stock.

About Camping World

Camping World Holdings, Inc is a recreational-vehicle retailer and service provider operating under the Camping World and Good Sam brands. The company sells new and used motorhomes, travel trailers, fifth wheels and other recreational vehicles, along with related parts, accessories and outdoor products.

Its operations also include RV maintenance and repair, collision services, installation and other support services. Camping World offers financing and insurance products through third-party and affiliated arrangements, while the Good Sam business provides memberships, roadside assistance, insurance, travel-related services and access to campgrounds and other RV resources.

Camping World serves customers primarily throughout the United States through a network of retail, service and dealership locations.