Citigroup Boosts 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 price target lifted by Citigroup from $36.00 to $41.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a "buy" rating on the construction company's stock. Citigroup's price objective indicates a potential upside of 17.66% from the stock's current price.

WGO has been the subject of several other research reports. Wall Street Zen raised Winnebago Industries from a "sell" rating to a "hold" rating in a research report on Sunday, June 29th. Roth Capital lowered their price target on Winnebago Industries from $37.00 to $30.00 and set a "neutral" rating for the company in a research report on Thursday, June 26th. KeyCorp lowered their price target on Winnebago Industries from $37.00 to $34.00 and set an "overweight" rating for the company in a research report on Thursday, June 26th. Robert W. Baird lowered their price target on Winnebago Industries from $38.00 to $35.00 and set a "neutral" rating for the company in a research report on Thursday, June 26th. Finally, Benchmark lowered their price target on Winnebago Industries from $60.00 to $42.00 and set a "buy" rating for the company in a research report on Monday, June 30th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $43.22.

Winnebago Industries Stock Up 3.9%

Winnebago Industries stock traded up $1.31 on Friday, hitting $34.85. 141,731 shares of the stock traded hands, compared to its average volume of 732,576. The company has a current ratio of 2.41, a quick ratio of 0.89 and a debt-to-equity ratio of 0.44. The firm has a market cap of $976.73 million, a P/E ratio of -59.20 and a beta of 1.15. The business's fifty day simple moving average is $33.11 and its 200 day simple moving average is $33.21. Winnebago Industries has a 1 year low of $28.00 and a 1 year high of $65.65.

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

Institutional Investors Weigh In On Winnebago Industries

A number of large investors have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. bought a new stake in shares of Winnebago Industries during the 2nd quarter valued at about $231,000. State of Wyoming grew its stake in shares of Winnebago Industries by 151.4% during the 2nd quarter. State of Wyoming now owns 3,406 shares of the construction company's stock valued at $99,000 after acquiring an additional 2,051 shares during the period. Nomura Holdings Inc. bought a new position in shares of Winnebago Industries during the 2nd quarter valued at approximately $1,137,000. Public Sector Pension Investment Board grew its stake in shares of Winnebago Industries by 6.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 95,516 shares of the construction company's stock valued at $2,770,000 after acquiring an additional 5,447 shares during the period. Finally, CANADA LIFE ASSURANCE Co grew its stake in shares of Winnebago Industries by 2.7% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 25,289 shares of the construction company's stock valued at $733,000 after acquiring an additional 660 shares during the period.

About Winnebago Industries

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.