KeyCorp Cuts Camping World (NYSE:CWH) Price Target to $22.00

Camping World (NYSE:CWH) had its target price dropped by equities researchers at KeyCorp from $27.00 to $22.00 in a report released on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s price objective points to a potential upside of 26.69% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Bank of America initiated coverage on shares of Camping World in a research report on Thursday, December 19th. They issued a “buy” rating and a $30.00 target price for the company. Truist Financial increased their price target on Camping World from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $27.00.

Camping World Stock Performance

Camping World stock traded down $0.05 during mid-day trading on Thursday, hitting $17.37. 202,329 shares of the company’s stock traded hands, compared to its average volume of 1,170,182. Camping World has a fifty-two week low of $15.39 and a fifty-two week high of $28.33. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of -25.22, a P/E/G ratio of 0.92 and a beta of 2.57. The firm has a 50 day simple moving average of $21.02 and a two-hundred day simple moving average of $22.17. The company has a debt-to-equity ratio of 9.67, a current ratio of 1.23 and a quick ratio of 0.19.

Camping World (NYSE:CWH) last announced its quarterly earnings results on Tuesday, February 25th. The company reported ($0.55) EPS for the quarter, meeting analysts’ consensus estimates of ($0.55). The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.13 billion. Camping World had a negative net margin of 0.40% and a negative return on equity of 23.77%. On average, research analysts expect that Camping World will post -0.66 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, President Matthew D. Wagner purchased 5,725 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average cost of $17.61 per share, with a total value of $100,817.25. Following the purchase, the president now owns 300,640 shares in the company, valued at $5,294,270.40. This represents a 1.94 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 43.80% of the company’s stock.

Institutional Trading of Camping World

Several hedge funds have recently bought and sold shares of CWH. Camelot Portfolios LLC grew its holdings in shares of Camping World by 3.7% during the fourth quarter. Camelot Portfolios LLC now owns 14,100 shares of the company’s stock valued at $297,000 after buying an additional 500 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Camping World by 195.0% in the fourth quarter. Blue Trust Inc. now owns 1,534 shares of the company’s stock valued at $32,000 after purchasing an additional 1,014 shares in the last quarter. Quest Partners LLC boosted its position in shares of Camping World by 5,647.8% during the third quarter. Quest Partners LLC now owns 1,322 shares of the company’s stock valued at $32,000 after buying an additional 1,299 shares during the last quarter. Summit Investment Advisors Inc. grew its holdings in Camping World by 33.4% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,546 shares of the company’s stock worth $117,000 after buying an additional 1,390 shares in the last quarter. Finally, XTX Topco Ltd raised its position in Camping World by 17.8% in the 4th quarter. XTX Topco Ltd now owns 16,373 shares of the company’s stock valued at $345,000 after buying an additional 2,470 shares during the last quarter. 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.