Winnebago Industries, Inc. (NYSE:WGO) Sees Significant Increase in Short Interest

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.

Winnebago Industries, Inc. (NYSE:WGO - Get Free Report) saw a significant increase in short interest in 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. Currently,13.2% of the company's stock are short sold. Based on an average trading volume of 657,000 shares, the short-interest ratio is presently 5.4 days. Based on an average trading volume of 657,000 shares, the short-interest ratio is presently 5.4 days. Currently,13.2% of the company's stock are short sold.

Analyst Ratings Changes

WGO has been the subject of several research reports. Benchmark lowered their price objective on shares of Winnebago Industries from $60.00 to $42.00 and set a "buy" rating for the company in a research note on Monday, June 30th. Wall Street Zen upgraded shares of Winnebago Industries from a "sell" rating to a "hold" rating in a research note on Sunday, June 29th. DA Davidson upgraded shares of Winnebago Industries to a "hold" rating in a research note on Monday, April 14th. Roth Capital lowered their price objective on shares of Winnebago Industries from $37.00 to $30.00 and set a "neutral" rating for the company in a research note on Thursday, June 26th. Finally, Truist Financial lowered their price objective on shares of Winnebago Industries from $40.00 to $36.00 and set a "buy" rating for the company in a research note on Thursday, June 26th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $42.33.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vident Advisory LLC grew its position in shares of Winnebago Industries by 2.9% in the first quarter. Vident Advisory LLC now owns 12,373 shares of the construction company's stock valued at $426,000 after purchasing an additional 352 shares during the period. Farther Finance Advisors LLC grew its position in shares of Winnebago Industries by 53.3% in the second quarter. Farther Finance Advisors LLC now owns 1,107 shares of the construction company's stock valued at $32,000 after purchasing an additional 385 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Winnebago Industries by 2.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,485 shares of the construction company's stock valued at $568,000 after acquiring an additional 401 shares in the last quarter. GAMMA Investing LLC grew its stake in Winnebago Industries by 62.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,123 shares of the construction company's stock valued at $33,000 after acquiring an additional 433 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in Winnebago Industries by 5.5% during the 1st quarter. Royal Bank of Canada now owns 9,568 shares of the construction company's stock valued at $329,000 after acquiring an additional 498 shares in the last quarter.

Winnebago Industries Trading Down 3.1%

Shares of Winnebago Industries stock opened at $28.80 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 0.89. The firm has a fifty day moving average price of $31.72 and a 200 day moving average price of $35.71. Winnebago Industries has a 1 year low of $28.00 and a 1 year high of $65.65. The stock has a market cap of $807.26 million, a PE ratio of -48.81 and a beta of 1.06.

Winnebago Industries (NYSE:WGO - Get Free Report) last issued its earnings results on Wednesday, June 25th. The construction company reported $0.81 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $775.10 million during the quarter, compared to analysts' expectations of $808.15 million. During the same quarter last year, the company posted $1.13 earnings per share. The firm's revenue was down 1.4% compared to the same quarter last year. Equities research analysts predict that Winnebago Industries will post 3.41 earnings per share for the current 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 issued a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $1.36 dividend on an annualized basis and a yield of 4.7%. Winnebago Industries's payout ratio is presently -230.51%.

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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