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Winnebago Industries, Inc. (NYSE:WGO) Short Interest Up 323.8% in July

Winnebago Industries logo with Construction background

Key Points

  • Winnebago Industries experienced a 323.8% increase in short interest in July, raising the total to 3,550,000 shares, which is 13.2% of the company's stock.
  • Analysts have mixed opinions on the stock, with a recent downgrade of the price target by Benchmark from $60.00 to $42.00, while the average rating remains a "Moderate Buy" with a consensus target of $42.33.
  • The company reported earnings of $0.81 per share for the last quarter, surpassing expectations, despite a 1.4% decrease in revenue year-over-year.
  • Want stock alerts on Winnebago Industries? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Winnebago Industries, Inc. (NYSE:WGO - Get Free Report) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 3,550,000 shares, anincreaseof323.8% from the June 30th total of 837,600 shares. Based on an average trading volume of 657,000 shares, the short-interest ratio is presently 5.4 days. Approximately13.2% of the company's shares are short sold. Approximately13.2% of the company's shares are short sold. Based on an average trading volume of 657,000 shares, the short-interest ratio is presently 5.4 days.

Winnebago Industries Price Performance

Shares of NYSE WGO traded down $0.11 during midday trading on Thursday, reaching $30.43. 84,667 shares of the company were exchanged, compared to its average volume of 772,749. The stock's 50-day moving average price is $31.49 and its 200-day moving average price is $35.42. The stock has a market cap of $852.95 million, a P/E ratio of -51.39 and a beta of 1.06. Winnebago Industries has a one year low of $28.00 and a one year high of $65.65. The company has a quick ratio of 0.89, a current ratio of 2.41 and a debt-to-equity ratio of 0.44.

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

Winnebago Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Wednesday, June 11th. Winnebago Industries's dividend payout ratio is presently -230.51%.

Institutional Investors Weigh In On Winnebago Industries

A number of institutional investors have recently added to or reduced their stakes in WGO. SG Americas Securities LLC purchased a new stake in shares of Winnebago Industries during the 1st quarter valued at $1,054,000. GAMMA Investing LLC boosted its stake in Winnebago Industries by 9,187.9% during the first quarter. GAMMA Investing LLC now owns 23,777 shares of the construction company's stock worth $819,000 after acquiring an additional 23,521 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in Winnebago Industries by 26.3% during the first quarter. Exchange Traded Concepts LLC now owns 7,216 shares of the construction company's stock worth $249,000 after acquiring an additional 1,503 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in Winnebago Industries in the first quarter worth about $254,000. Finally, Parallel Advisors LLC raised its holdings in Winnebago Industries by 629.2% in the first quarter. Parallel Advisors LLC now owns 824 shares of the construction company's stock worth $28,000 after buying an additional 711 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. BMO Capital Markets decreased their target price on Winnebago Industries from $50.00 to $42.00 and set an "outperform" rating for the company in a research report on Thursday, June 26th. Citigroup decreased their target price on Winnebago Industries from $37.00 to $33.00 and set a "buy" rating on the stock in a report on Thursday, June 26th. DA Davidson upgraded Winnebago Industries to a "hold" rating in a report on Monday, April 14th. Robert W. Baird cut 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, Benchmark cut their target price on Winnebago Industries from $60.00 to $42.00 and set a "buy" rating on the stock in a report on Monday, June 30th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $42.33.

Read Our Latest Research Report on WGO

About Winnebago Industries

(Get Free Report)

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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