Camping World (NYSE:CWH) Stock Bumped Down to Neutral by Citigroup

Citigroup lowered shares of Camping World (NYSE:CWH) from a buy rating to a neutral rating in a report released on Wednesday, Marketbeat.com reports. Citigroup currently has $5.00 price target on the stock, down from their prior price target of $7.00.

A number of other research analysts also recently commented on the company. KeyCorp reduced their target price on Camping World from $8.00 to $7.00 and set an “overweight” rating on the stock in a report on Wednesday. Robert W. Baird set a $7.00 target price on Camping World in a research report on Friday, July 31st. Wall Street Zen upgraded Camping World from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings reissued a “sell (d)” rating on shares of Camping World in a research report on Friday, October 30th. Finally, Roth Capital restated a “buy” rating and set a $10.00 price objective (down from $12.00) on shares of Camping World in a research note on Monday, September 28th. Eight analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $10.20.

Camping World Price Performance

CWH opened at $5.41 on Wednesday. The company has a 50-day moving average of $5.30 and a 200-day moving average of $7.32. The company has a market capitalization of $558.83 million, a P/E ratio of -1.35 and a beta of 2.21. Camping World has a 1-year low of $3.96 and a 1-year high of $15.18. The company has a debt-to-equity ratio of 3.77, a quick ratio of 0.30 and a current ratio of 1.22.

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

Hedge Funds Weigh In On Camping World

Several institutional investors have recently made changes to their positions in CWH. Dimensional Fund Advisors LP raised its position in shares of Camping World by 4.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,077,442 shares of the company’s stock worth $7,358,000 after purchasing an additional 41,258 shares during the period. 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 valued at $3,058,000 after purchasing an additional 406,852 shares during the period. KBC Group NV acquired a new position in Camping World during the 1st quarter valued at approximately $2,003,000. Sei Investments Co. boosted its position in Camping World by 44.7% during the 1st 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 during the period. Finally, Y Intercept Hong Kong Ltd grew its stake in Camping World by 189.8% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 113,287 shares of the company’s stock worth $774,000 after buying an additional 74,200 shares during the last quarter. 52.54% of the stock is owned by institutional investors.

Trending Headlines about Camping World

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

• Positive Sentiment: Management outlined more than $150 million in annualized selling, general and administrative expense cuts and said it is targeting positive free cash flow in 2027. If achieved, the plan could improve profitability and cash generation. Article: Camping World outlines cost cuts and free-cash-flow target
• Neutral Sentiment: KeyCorp lowered its price target from $8 to $7 but kept an Overweight rating, signaling continued optimism despite a more cautious valuation. KeyCorp analyst recommendations
• Negative Sentiment: Third-quarter results disappointed amid weak RV sales and demand pressure, with revenue below analyst expectations. The earnings news has weighed on sentiment. Article: Weak RV sales drive worse-than-expected Q3 results
• Negative Sentiment: Citigroup downgraded CWH from Buy to Neutral and cut its price target from $7 to $5, reflecting reduced confidence in the near-term outlook. Citigroup analyst recommendations
• Negative Sentiment: Zacks added Camping World to its Rank #5 (Strong Sell) list, adding to the cautious analyst backdrop. Article: New Strong Sell Stocks for November 3rd

Camping World Company Profile

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.