Citigroup Raises Winnebago Industries (NYSE:WGO) Price Target to $41.00

Key Points

• Citigroup has raised the price target for Winnebago Industries from $36.00 to $41.00, indicating a potential upside of 19.66% from the stock's previous close.
• The company's quarterly revenue was down 1.4% year-over-year, despite a slight earnings per share beat of $0.81 against analyst estimates.
• Winnebago Industries currently has an average rating of "Moderate Buy" with six analysts recommending a Buy and four giving a Hold rating.

Winnebago Industries (NYSE:WGO - Get Free Report) had its target price lifted by research analysts at Citigroup from $36.00 to $41.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the construction company's stock. Citigroup's price target indicates a potential upside of 19.66% from the company's previous close.

A number of other research firms also recently weighed in on WGO. Roth Capital reduced their target price on Winnebago Industries from $37.00 to $30.00 and set a "neutral" rating on the stock in a report on Thursday, June 26th. Truist Financial reduced their target price on Winnebago Industries from $40.00 to $36.00 and set a "buy" rating on the stock in a report on Thursday, June 26th. Wall Street Zen upgraded Winnebago Industries from a "sell" rating to a "hold" rating in a report on Sunday, June 29th. Robert W. Baird reduced their target price on Winnebago Industries from $38.00 to $35.00 and set a "neutral" rating on the stock in a report on Thursday, June 26th. Finally, KeyCorp reduced their target price on Winnebago Industries from $37.00 to $34.00 and set an "overweight" rating on the stock in a report on Thursday, June 26th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, Winnebago Industries currently has an average rating of "Moderate Buy" and an average price target of $43.22.

Winnebago Industries Trading Down 2.7%

WGO traded down $0.97 during midday trading on Friday, reaching $34.27. 64,496 shares of the company's stock traded hands, compared to its average volume of 734,934. The firm has a fifty day moving average of $32.96 and a two-hundred day moving average of $33.44. The stock has a market capitalization of $960.48 million, a price-to-earnings ratio of -58.07 and a beta of 1.15. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 0.89. Winnebago Industries has a 52 week low of $28.00 and a 52 week high of $65.65.

Winnebago Industries (NYSE:WGO - Get Free Report) last released its quarterly earnings results on Wednesday, June 25th. The construction company reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.02. The business had revenue of $775.10 million during the quarter, compared to analyst estimates of $808.15 million. Winnebago Industries had a positive return on equity of 2.86% and a negative net margin of 0.62%.Winnebago Industries's quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.13 EPS. Winnebago Industries has set its FY 2025 guidance at 1.200-1.700 EPS. On average, equities analysts anticipate that Winnebago Industries will post 3.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Winnebago Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Deutsche Bank AG lifted its holdings in shares of Winnebago Industries by 50.4% during the 4th quarter. Deutsche Bank AG now owns 25,029 shares of the construction company's stock valued at $1,196,000 after buying an additional 8,390 shares during the period. Graham Capital Management L.P. bought a new position in shares of Winnebago Industries during the 4th quarter valued at $247,000. Janus Henderson Group PLC lifted its holdings in shares of Winnebago Industries by 54.8% during the 4th quarter. Janus Henderson Group PLC now owns 281,025 shares of the construction company's stock valued at $13,427,000 after buying an additional 99,446 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Winnebago Industries by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,084 shares of the construction company's stock valued at $768,000 after buying an additional 591 shares during the period. Finally, Millennium Management LLC lifted its holdings in shares of Winnebago Industries by 20.0% during the 4th quarter. Millennium Management LLC now owns 571,334 shares of the construction company's stock valued at $27,298,000 after buying an additional 95,113 shares during the period.

Winnebago Industries Company Profile

Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates through three segments: Towable RV, Motorhome RV, and Marine. It provides towable products that are non-motorized vehicles to be towed by automobiles, pickup trucks, SUVs, or vans for use as temporary living quarters for recreational travel, such as conventional travel trailers, fifth wheels, folding camper trailers, and truck campers under the Winnebago and Grand Design brand names.

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