Citigroup Boosts Winnebago Industries (NYSE:WGO) Price Target to $36.00

Key Points

• Citigroup raised Winnebago Industries' price target from $33.00 to $36.00, reflecting a potential upside of 10.55% based on its current stock price.
• The stock currently holds a rating of "Moderate Buy" from nine analysts, with an average target price of $42.67.
• Winnebago reported earnings of $0.81 per share for the last quarter, exceeding expectations, despite a 1.4% decline in revenue year-over-year.

Winnebago Industries (NYSE:WGO - Free Report) had its price target lifted by Citigroup from $33.00 to $36.00 in a report published on Tuesday morning,Benzinga reports. Citigroup currently has a buy rating on the construction company's stock.

Several other research firms have also recently commented on WGO. Benchmark cut their price objective on shares of Winnebago Industries from $60.00 to $42.00 and set a "buy" rating on the stock in a research report on Monday, June 30th. KeyCorp cut their price objective on shares of Winnebago Industries from $37.00 to $34.00 and set an "overweight" rating on the stock in a research report on Thursday, June 26th. Robert W. Baird cut their price objective on shares of Winnebago Industries from $38.00 to $35.00 and set a "neutral" rating on the stock in a research report on Thursday, June 26th. Roth Capital cut their price objective on shares of Winnebago Industries from $37.00 to $30.00 and set a "neutral" rating on the stock in a research report on Thursday, June 26th. Finally, Wall Street Zen raised shares of Winnebago Industries from a "sell" rating to a "hold" rating in a research report on Sunday, June 29th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $42.67.

Winnebago Industries Trading Up 0.1%

Shares of NYSE WGO traded up $0.04 during midday trading on Tuesday, reaching $34.39. 516,201 shares of the stock were exchanged, compared to its average volume of 592,485. The business has a 50-day simple moving average of $31.33 and a two-hundred day simple moving average of $34.59. The company has a market capitalization of $963.95 million, a price-to-earnings ratio of -58.29 and a beta of 1.06. Winnebago Industries has a 12 month low of $28.00 and a 12 month high of $65.65. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 0.89.

Winnebago Industries (NYSE:WGO - Get Free Report) last announced its quarterly earnings results on Wednesday, June 25th. The construction company reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.02. The company had revenue of $775.10 million for the quarter, compared to analysts' expectations of $808.15 million. Winnebago Industries had a negative net margin of 0.62% and a positive return on equity of 2.86%. The business's quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the firm posted $1.13 earnings per share. As a group, equities research analysts expect that Winnebago Industries will post 3.41 EPS for the current year.

Winnebago Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 4.1%. The ex-dividend date is Wednesday, September 10th. This is an increase from Winnebago Industries's previous quarterly dividend of $0.34. Winnebago Industries's dividend payout ratio (DPR) is presently -230.51%.

Institutional Investors Weigh In On Winnebago Industries

A number of institutional investors and hedge funds have recently modified their holdings of the company. LPL Financial LLC raised its holdings in Winnebago Industries by 6.2% in the 4th quarter. LPL Financial LLC now owns 17,733 shares of the construction company's stock valued at $847,000 after acquiring an additional 1,038 shares during the period. Wells Fargo & Company MN raised its holdings in Winnebago Industries by 66.9% in the 4th quarter. Wells Fargo & Company MN now owns 49,976 shares of the construction company's stock valued at $2,388,000 after acquiring an additional 20,036 shares during the period. Renaissance Technologies LLC raised its holdings in Winnebago Industries by 204.8% in the 4th quarter. Renaissance Technologies LLC now owns 214,000 shares of the construction company's stock valued at $10,225,000 after acquiring an additional 143,800 shares during the period. Raymond James Financial Inc. bought a new position in Winnebago Industries in the 4th quarter valued at about $1,003,000. Finally, Sterling Capital Management LLC raised its holdings in Winnebago Industries by 823.5% in the 4th quarter. Sterling Capital Management LLC now owns 905 shares of the construction company's stock valued at $43,000 after acquiring an additional 807 shares during the period.

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.