DA Davidson Raises Winnebago Industries (NYSE:WGO) Price Target to $38.00

Key Points

• DA Davidson has raised its price target for Winnebago Industries from $32.00 to $38.00, while maintaining a "neutral" rating on the stock, indicating a potential downside of 5.56% from its previous close.
• The stock has shown positive performance, trading up 2.1% to $40.24 with trading volume surpassing its average, reflecting investors' interest amidst fluctuating analyst recommendations.
• Winnebago Industries reported a better-than-expected quarterly earnings per share of $0.71 compared to the consensus estimate of $0.58, contributing to a 7.8% year-over-year revenue increase.

Winnebago Industries (NYSE:WGO - Get Free Report) had its price objective upped by research analysts at DA Davidson from $32.00 to $38.00 in a research report issued on Friday,Benzinga reports. The firm currently has a "neutral" rating on the RV manufacturer's stock. DA Davidson's price objective would indicate a potential downside of 5.56% from the company's previous close.

Other research analysts have also recently issued reports about the company. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Winnebago Industries in a research report on Friday. Robert W. Baird reduced their target price on Winnebago Industries from $38.00 to $35.00 and set a "neutral" rating for the company in a report on Thursday, June 26th. Citigroup boosted their target price on Winnebago Industries from $36.00 to $41.00 and gave the company a "buy" rating in a report on Friday, September 12th. BMO Capital Markets boosted their target price on Winnebago Industries from $40.00 to $45.00 and gave the company an "outperform" rating in a report on Friday. Finally, Benchmark reduced their target price on Winnebago Industries from $60.00 to $42.00 and set a "buy" rating for the company in a report on Monday, June 30th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $41.78.

Winnebago Industries Stock Up 2.1%

Shares of NYSE:WGO traded up $0.85 on Friday, hitting $40.24. 1,003,850 shares of the company's stock were exchanged, compared to its average volume of 727,427. The firm's 50-day moving average is $34.01 and its 200 day moving average is $32.79. The company has a market capitalization of $1.13 billion, a PE ratio of 44.22 and a beta of 1.14. Winnebago Industries has a 1-year low of $28.00 and a 1-year high of $65.65. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.89 and a current ratio of 2.42.

Winnebago Industries (NYSE:WGO - Get Free Report) last released its quarterly earnings data on Wednesday, October 22nd. The RV manufacturer reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.13. The business had revenue of $777.30 million during the quarter, compared to analysts' expectations of $724.89 million. Winnebago Industries had a return on equity of 3.86% and a net margin of 0.92%.The business's quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 EPS. Winnebago Industries has set its FY 2026 guidance at 2.000-2.700 EPS. Sell-side analysts predict that Winnebago Industries will post 3.41 EPS for the current year.

Institutional Investors Weigh In On Winnebago Industries

A number of institutional investors and hedge funds have recently modified their holdings of the company. Nisa Investment Advisors LLC grew its holdings in shares of Winnebago Industries by 4.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 16,584 shares of the RV manufacturer's stock worth $555,000 after acquiring an additional 744 shares during the period. SG Americas Securities LLC grew its holdings in Winnebago Industries by 81.2% during the 3rd quarter. SG Americas Securities LLC now owns 16,773 shares of the RV manufacturer's stock valued at $561,000 after buying an additional 7,515 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in Winnebago Industries by 7.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 8,335 shares of the RV manufacturer's stock valued at $279,000 after buying an additional 545 shares during the last quarter. Cascade Investment Advisors Inc. grew its holdings in Winnebago Industries by 30.7% during the 3rd quarter. Cascade Investment Advisors Inc. now owns 33,206 shares of the RV manufacturer's stock valued at $1,110,000 after buying an additional 7,794 shares during the last quarter. Finally, Corient Private Wealth LLC acquired a new stake in Winnebago Industries during the 2nd quarter valued at $314,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.