Winnebago Industries (NYSE:WGO) Downgraded by Wall Street Zen to "Sell"

Winnebago Industries (NYSE:WGO - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday.

Several other research analysts have also issued reports on the company. DA Davidson raised Winnebago Industries to a "hold" rating in a research report on Monday, April 14th. Baird R W lowered Winnebago Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Truist Financial increased their target price on Winnebago Industries from $38.00 to $40.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. BMO Capital Markets decreased their target price on Winnebago Industries from $60.00 to $50.00 and set an "outperform" rating for the company in a research report on Friday. Finally, Benchmark decreased their target price on Winnebago Industries from $70.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $50.00.

Winnebago Industries Trading Down 0.1%

NYSE WGO opened at $31.25 on Friday. Winnebago Industries has a fifty-two week low of $28.29 and a fifty-two week high of $65.65. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.94 and a current ratio of 2.17. The stock has a 50 day simple moving average of $33.16 and a two-hundred day simple moving average of $39.96. The stock has a market cap of $875.57 million, a P/E ratio of -124.99 and a beta of 1.07.

Winnebago Industries (NYSE:WGO - Get Free Report) last released its quarterly earnings data on Thursday, March 27th. The construction company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. Winnebago Industries had a positive return on equity of 3.73% and a negative net margin of 0.21%. The business had revenue of $620.20 million during the quarter, compared to analysts' expectations of $621.41 million. During the same quarter last year, the business posted $0.93 EPS. The business's revenue was down 11.9% on a year-over-year basis. On average, analysts forecast that Winnebago Industries will post 3.41 earnings per share for the current year.

Insider Buying and Selling at Winnebago Industries

In other news, Director Kevin E. Bryant purchased 4,200 shares of the company's stock in a transaction dated Monday, March 31st. The shares were purchased at an average cost of $34.12 per share, for a total transaction of $143,304.00. Following the purchase, the director now directly owns 13,755 shares in the company, valued at approximately $469,320.60. This represents a 43.96% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 4.63% of the company's stock.

Hedge Funds Weigh In On Winnebago Industries

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vident Advisory LLC raised its holdings in Winnebago Industries by 2.9% during the first quarter. Vident Advisory LLC now owns 12,373 shares of the construction company's stock valued at $426,000 after acquiring an additional 352 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Winnebago Industries by 270.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company's stock worth $25,000 after purchasing an additional 390 shares during the last quarter. Swiss National Bank increased its holdings in shares of Winnebago Industries by 0.7% in the fourth quarter. Swiss National Bank now owns 56,900 shares of the construction company's stock worth $2,719,000 after purchasing an additional 400 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Winnebago Industries by 2.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,485 shares of the construction company's stock worth $568,000 after purchasing an additional 401 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of Winnebago Industries by 5.5% in the first quarter. Royal Bank of Canada now owns 9,568 shares of the construction company's stock worth $329,000 after purchasing an additional 498 shares during the last quarter.

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.

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