Robert W. Baird Issues Pessimistic Forecast for Thor Industries (NYSE:THO) Stock Price

Key Points

• Robert W. Baird cut Thor Industries’ price target from $90 to $80 while maintaining a “neutral” rating, implying about 7.3% upside from the stock’s $74.53 price. The broader analyst consensus is “Hold,” with an average target of $85.33.
• Thor’s latest quarter showed mixed results: revenue reached $2.31 billion, beating estimates, but EPS fell short at $0.78 versus $0.88 expected, while revenue declined 8.4% year over year and net income dropped sharply.
• Investor visibility remains limited as management delayed its fiscal 2027 outlook amid weak consumer demand and economic headwinds, particularly in North America. However, the company retains balance-sheet flexibility through share repurchases, debt reduction and strong institutional ownership of 96.71%.

Thor Industries (NYSE:THO - Get Free Report) had its target price reduced by Robert W. Baird from $90.00 to $80.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a "neutral" rating on the RV manufacturer's stock. Robert W. Baird's price objective suggests a potential upside of 7.34% from the stock's current price.

Several other equities research analysts have also recently commented on THO. Bank of America decreased their target price on Thor Industries from $96.00 to $86.00 and set a "buy" rating for the company in a research note on Monday. Benchmark reissued a "hold" rating on shares of Thor Industries in a research report on Friday, June 12th. Truist Financial dropped their price target on shares of Thor Industries from $109.00 to $80.00 and set a "hold" rating on the stock in a research report on Wednesday, July 8th. Wall Street Zen downgraded Thor Industries from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, Roth Capital set a $78.00 target price on Thor Industries in a report on Thursday, June 4th. Three research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Thor Industries currently has an average rating of "Hold" and an average price target of $85.33.

Thor Industries Stock Up 6.6%

Shares of NYSE THO opened at $74.53 on Wednesday. Thor Industries has a 1 year low of $67.31 and a 1 year high of $122.83. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.71 and a quick ratio of 0.80. The firm has a market cap of $3.88 billion, a PE ratio of 32.27, a price-to-earnings-growth ratio of 1.54 and a beta of 1.34. The company has a 50 day simple moving average of $76.25 and a 200 day simple moving average of $77.18.

Thor Industries (NYSE:THO - Get Free Report) last posted its quarterly earnings data on Tuesday, September 22nd. The RV manufacturer reported $0.78 earnings per share for the quarter, missing analysts' consensus estimates of $0.88 by ($0.10). Thor Industries had a net margin of 2.67% and a return on equity of 5.74%. The company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the company earned $2.36 earnings per share. The business's revenue for the quarter was down 8.4% on a year-over-year basis. On average, research analysts forecast that Thor Industries will post 3.21 EPS for the current year.

Institutional Investors Weigh In On Thor Industries

A number of institutional investors have recently added to or reduced their stakes in the company. Huntington National Bank lifted its position in shares of Thor Industries by 36.5% in the fourth quarter. Huntington National Bank now owns 916 shares of the RV manufacturer's stock valued at $94,000 after acquiring an additional 245 shares in the last quarter. Waverly Advisors LLC boosted its stake in Thor Industries by 4.4% during the second quarter. Waverly Advisors LLC now owns 6,431 shares of the RV manufacturer's stock valued at $483,000 after buying an additional 271 shares during the last quarter. State of Michigan Retirement System boosted its position in shares of Thor Industries by 2.4% during the 1st quarter. State of Michigan Retirement System now owns 12,718 shares of the RV manufacturer's stock valued at $1,016,000 after acquiring an additional 300 shares during the last quarter. Curio Wealth LLC bought a new position in Thor Industries during the fourth quarter valued at $36,000. Finally, Allworth Financial LP purchased a new stake in shares of Thor Industries during the 2nd quarter valued at about $26,000. 96.71% of the stock is owned by institutional investors.

Key Headlines Impacting Thor Industries

Here are the key news stories impacting Thor Industries this week:

• Positive Sentiment: Revenue totaled $2.31 billion, exceeding analysts’ expectations of approximately $2.17 billion. However, sales still declined 8.4% year over year. Thor Industries Shares Fall 2% as Q4 Earnings Miss Estimates Despite Revenue Beat
• Positive Sentiment: Thor repurchased $34.3 million of stock during the quarter and $115.1 million during fiscal 2026, while also reducing debt by $59.7 million. Its liquidity and balance sheet provide flexibility during the industry downturn. Thor Industries Fiscal 2026 Results
• Positive Sentiment: The European segment remained relatively resilient, with fiscal-year sales rising 3.1% on a constant-currency basis. Dealer inventory turns also improved sequentially, and inventory levels were described as healthy entering fiscal 2027. Challenging Headwinds Impact THOR Industries
• Positive Sentiment: Keystone RV reported its strongest retail performance at the Hershey RV Show since before the pandemic, offering a potentially encouraging demand signal for Thor’s brands. Keystone RV Breaks Multiple Sales Records
• Neutral Sentiment: Thor delayed providing a fiscal 2027 outlook, limiting visibility for investors while management assesses market conditions. THOR Industries Delays Fiscal 2027 Outlook
• Negative Sentiment: Quarterly EPS was $0.78, below consensus estimates ranging from $0.88 to $0.93 and down sharply from $2.36 a year earlier. Net income fell 67.5% to $40.8 million. Thor Industries Q4 Earnings Lag Estimates
• Negative Sentiment: Gross margin contracted to 12.4% from 14.7%, while full-year EPS declined 30.2% to $3.38. Management expects weak consumer demand and other economic headwinds to continue into fiscal 2027, particularly in North America. Thor Industries Faces More Fiscal 2027 Headwinds
• Negative Sentiment: Bank of America lowered its price target from $96 to $86, although it retained a Buy rating, reflecting reduced near-term expectations. BofA Lowers Thor Industries Price Target

About Thor Industries

Thor Industries, Inc is a manufacturer of recreational vehicles (RVs) and related products. The company produces towable RVs, including travel trailers and fifth-wheel trailers, as well as motorized RVs such as Class A, Class B and Class C motorhomes. Its portfolio includes well-known brands such as Airstream, Jayco, Entegra Coach, Keystone, Dutchmen, Tiffin and CrossRoads.

Thor also owns Erwin Hymer Group, a major European recreational-vehicle manufacturer whose brands include HYMER, Dethleffs, Bürstner, LMC, Carado and Sunlight.

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