JPMorgan Chase & Co. Has Lowered Expectations for Camping World (NYSE:CWH) Stock Price

Camping World (NYSE:CWH) had its price objective dropped by research analysts at JPMorgan Chase & Co. from $16.00 to $11.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 83.18% from the stock’s previous close.

CWH has been the topic of several other reports. Truist Financial cut their target price on Camping World from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, April 9th. Weiss Ratings downgraded Camping World from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 11th. Robert W. Baird set a $7.00 target price on Camping World in a research report on Friday. Citigroup reduced their price target on Camping World from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Finally, Bank of America reissued a “buy” rating and issued a $14.00 price objective on shares of Camping World in a research report on Friday. Ten investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.48.

Camping World Trading Down 4.7%

NYSE:CWH traded down $0.29 during mid-day trading on Friday, hitting $6.00. 1,291,219 shares of the company’s stock were exchanged, compared to its average volume of 2,917,148. Camping World has a fifty-two week low of $5.49 and a fifty-two week high of $18.34. The company has a current ratio of 1.17, a quick ratio of 0.23 and a debt-to-equity ratio of 4.30. The firm has a market capitalization of $618.45 million, a P/E ratio of -3.89 and a beta of 2.04. The company has a 50 day simple moving average of $6.98 and a 200-day simple moving average of $8.35.

Camping World (NYSE:CWH) last announced its earnings results on Wednesday, July 29th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.01. The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.99 billion. Camping World had a negative return on equity of 3.52% and a negative net margin of 1.55%.The business’s revenue was down 2.1% compared to the same quarter last year. During the same period last year, the firm posted $0.57 EPS. As a group, research analysts expect that Camping World will post 0.33 earnings per share for the current year.

Institutional Trading of Camping World

Hedge funds have recently added to or reduced their stakes in the company. Essential Partners LLC acquired a new position in shares of Camping World in the first quarter worth about $69,000. Royal Bank of Canada grew its holdings in Camping World by 99.8% in the first quarter. Royal Bank of Canada now owns 29,387 shares of the company’s stock valued at $201,000 after purchasing an additional 14,679 shares during the period. Entropy Technologies LP increased its position in shares of Camping World by 5.3% in the first quarter. Entropy Technologies LP now owns 40,792 shares of the company’s stock valued at $279,000 after buying an additional 2,048 shares in the last quarter. Inceptionr LLC lifted its position in shares of Camping World by 110.2% during the 1st quarter. Inceptionr LLC now owns 49,827 shares of the company’s stock valued at $340,000 after buying an additional 26,123 shares in the last quarter. Finally, Sei Investments Co. grew its stake in Camping World by 44.7% in the 1st quarter. Sei Investments Co. now owns 208,795 shares of the company’s stock valued at $1,426,000 after acquiring an additional 64,495 shares during the period. 52.54% of the stock is owned by hedge funds and other institutional investors.

About Camping World

Camping World Holdings, Inc (NYSE: CWH) is a leading specialty retailer of recreational vehicles (“RVs”), RV parts and services, and outdoor lifestyle products. The company operates an extensive network of full-service RV dealerships, providing new and pre-owned RV sales alongside comprehensive maintenance, repair and warranty services. In addition to its dealership operations, Camping World offers a broad assortment of RV parts, accessories and gear through both its physical retail locations and e-commerce platform.

Beyond RV sales and service, Camping World’s offerings encompass outdoor cookware, apparel, camping and towing accessories under various proprietary and third-party brands.