Últimas noticias sobre Winnebago Industries (NYSE:WGO) Bolsa

Winnebago Industries

Winnebago Industries manufactures Class A, B, and C motor homes along with towables, customized specialty vehicles, boats, and parts. Headquartered in Eden Prairie, Minnesota, Winnebago has been producing recreational vehicles since 1958. Revenue was about $3.5 billion in fiscal 2023. Winnebago expanded into towables in 2011 with the acquisition of SunnyBrook and acquired Grand Design in November 2016. Towables made up 79% of the firm's RV unit volume, up from 31% in fiscal 2016. The company's total RV unit volume was 39,447 in fiscal 2023. Winnebago expanded into boating in 2018 with the purchase of Chris-Craft, bought premium motor home maker Newmar in November 2019, and bought Barletta pontoon boats in August 2021. It also is developing electric and autonomous technology.

Winnebago Industries Inc

Winnebago Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WGO#NYSE">WGO</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-10-23. Here's what investors need to know before the announcement.
Analysts estimate that Winnebago Industries will report an earnings per share (EPS) of $0.96. 
Winnebago Industries bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Earnings Track Record</h3>
Last quarter the company missed EPS by $0.19, which was followed by a 1.28% drop in the share price the next day.
Here's a look at Winnebago Industries's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.32</td>
<td>0.85</td>
<td>1.20</td>
<td>1.35</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.13</td>
<td>0.93</td>
<td>1.06</td>
<td>1.59</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-1.0%</td>
<td>1.0%</td>
<td>2.0%</td>
<td>1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729612952_0.png" alt="eps graph" />
<h3>Tracking Winnebago Industries's Stock Performance</h3>
Shares of Winnebago Industries were trading at $58.1 as of October 21. Over the last 52-week period, shares are up 0.81%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analysts' Perspectives on Winnebago Industries</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Winnebago Industries.
A total of 2 analyst ratings have been received for Winnebago Industries, with the consensus rating being Buy. The average one-year price target stands at $69.0, suggesting a potential 18.76% upside.
<h3>Analyzing Ratings Among Peers</h3>
This comparison focuses on the analyst ratings and average 1-year price targets of Polestar Automotive and Workhorse Gr, three major players in the industry, shedding light on their relative performance expectations and market positioning.
<ul>
<li>Polestar Automotive is maintaining an Outperform status according to analysts, with an average 1-year price target of $2.48, indicating a potential 95.73% downside.</li>
<li>As per analysts' assessments, Workhorse Gr is favoring an Neutral trajectory, with an average 1-year price target of $0.25, suggesting a potential 99.57% downside.</li>
</ul>
<h3>Comprehensive Peer Analysis Summary</h3>
In the peer analysis summary, key metrics for Polestar Automotive and Workhorse Gr are highlighted, providing an understanding of their respective standings within the industry and offering insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Winnebago Industries</td>
<td>Buy</td>
<td>-12.74%</td>
<td>$118.20M</td>
<td>2.19%</td>
</tr>
<tr>
<td>Polestar Automotive</td>
<td>Outperform</td>
<td>-16.43%</td>
<td>$1.74M</td>
<td>-191.61%</td>
</tr>
<tr>
<td>Workhorse Gr</td>
<td>Neutral</td>
<td>-78.76%</td>
<td>$-6.46M</td>
<td>-41.76%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Winnebago Industries ranks highest in gross profit among its peers. However, it ranks lowest in revenue growth and return on equity.
<h3>All You Need to Know About Winnebago Industries</h3>
Winnebago Industries manufactures Class A, B, and C motor homes along with towables, customized specialty vehicles, boats, and parts. Headquartered in Eden Prairie, Minnesota, Winnebago has been producing recreational vehicles since 1958. Revenue was about $3.5 billion in fiscal 2023. Winnebago expanded into towables in 2011 with the acquisition of SunnyBrook and acquired Grand Design in November 2016. Towables made up 79% of the firm's RV unit volume, up from 31% in fiscal 2016. The company's total RV unit volume was 39,447 in fiscal 2023. Winnebago expanded into boating in 2018 with the purchase of Chris-Craft, bought premium motor home maker Newmar in November 2019, and bought Barletta pontoon boats in August 2021. It also is developing electric and autonomous technology.
<h3>Unraveling the Financial Story of Winnebago Industries</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Negative Revenue Trend: Examining Winnebago Industries's financials over 3 months reveals challenges. As of 31 May, 2024, the company experienced a decline of approximately -12.74% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Winnebago Industries's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 3.69%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Winnebago Industries's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 2.19%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Winnebago Industries's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.19%, the company showcases efficient use of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.56.
<a href="https://www.benzinga.com/quote/WGO/earnings">To track all earnings releases for Winnebago Industries visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

What's Next: Winnebago Industries's Earnings Preview

Benchmark analyst Michael Albanese maintains Winnebago Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WGO#NYSE">WGO</a>) with a Buy and lowers the price target from $75 to $70.

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Price Target

Analyst Ratings

Benchmark Maintains Buy on Winnebago Industries, Lowers Price Target to $70

Winnebago Industries Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WGO#NYSE">WGO</a>) shares are facing selling pressure Monday after a short selling firm suggested cracks are <a href="https://www.benzinga.com/quote/WGO">starting to show at Winnebago</a>.
What To Know: Hunterbrook published a <a href="https://hntrbrk.com/winnebago/">report</a> Monday morning claiming Winnebago's best-selling Grand Design RV, which accounts for about 35% of the company&#8217;s total revenue, appears to be experiencing &#8220;widespread frame failure.&#8221;
Hunterbrook highlighted multiple customers who have publicly posted about frame failure and suggested that Winnebago is aware of the defects and may be trying to hide the problems through non-disclosure agreements, buybacks and online censorship of complaints. 
The report said there is mounting pressure on <a href="https://www.benzinga.com/quote/WGO">Winnebago</a> to issue a recall due to frame problems as legal and industry experts reportedly told Hunterbrook that a recall is &#8220;overdue.&#8221; The firm also claims that a certified welder and retired structural stress analysis engineer said that all of the Grand Design RVs he inspected on a recent trip had broken frames.
Benzinga has reached out to Winnebago for comment on the report. 
Hunterbrook said Winnebago is losing customers, noting that Grand Design&#8217;s fifth wheels have lost 20% market share since 2023, while Grand Design&#8217;s travel trailers have lost about 13% share over the same period of time based on the firm&#8217;s analysis.
Grand Design inventory levels are rising, according to the report. Hunterbrook said the company&#8217;s share of inventory at major dealerships is up more than 100% since mid-September.
Lawsuits are also starting to pile up. The report states that customers have sued Winnebago more than 15 times in recent years related to warranty claims. Warranty claims paid by Winnebago reportedly jumped 278% from 2017 to 2023. 
Hunterbrook also pointed to the departure of company executives as a worrying sign. Hunterbrook claims at least 20 key executives have left Winnebago&#8217;s Grand Design unit for competitor Brinkley RV since 2021. 
Check This Out: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40983043/us-services-growth-tops-estimate-contraction-in-manufacturing-worsens-reacceleratio">US Services Growth Tops Estimate, Contraction In Manufacturing Worsens: &#8216;Reacceleration Of Inflation&#8217;</a>
Hunterbrook operates under two different arms:&nbsp;Hunterbrook Media&nbsp;and&nbsp;Hunterbrook Capital. The former is a media outlet publishing investigative and global reporting. The latter arm is a hedge fund, betting on or against some of the stocks on which it reports. Hunterbrook Capital noted that it is short Winnebago and LCI Industries based on Hunterbrook Media&#8217;s reporting. 
WGO Price Action: Winnebago shares were down 4.46% at $56.747 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40942923/short-seller-targets-verint-systems-stock-as-ai-threat-emerges-the-future-is-certainly-not-verint">Short Seller Targets Verint Systems Stock As AI Threat Emerges: &#8216;The Future Is Certainly Not Verint&#8217;</a></li>
</ul>
Photo: courtesy of Winnebago.

Short Sellers

Short Ideas

Trading Ideas

Cracks Across Winnebago? RV Stock Slides As Short Seller Warns Of 'Widespread Frame Failure'

<a href="https://hntrbrk.com/winnebago/" title="https://hntrbrk.com/winnebago/">https://hntrbrk.com/winnebago/</a>

Watching Winnebago Industries; Hunterbrook Issues Report On Co Titled ""Grand Deception" — Winnebago Muzzles Outcry Over Major Problem That Owners Say Makes RVs Dangerous, Untowable, Worthless"

Truist Securities analyst Michael Swartz maintains Winnebago Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WGO#NYSE">WGO</a>) with a Buy and raises the price target from $65 to $68.

Truist Securities Maintains Buy on Winnebago Industries, Raises Price Target to $68

<h4>Key Takeaways:</h4>
<ul>
<li>New Gonow has received a key regulatory nod to list in Hong Kong, reporting rapidly improving margins as it gains economies of scale</li>
<li>The company manufactures recreational vehicles in China for sale in Australia, and aims to eventually expand to North America and Europe</li>
</ul>
By Doug Young
A chance meeting in Australia a decade ago marked the start of a long road that could soon peak with a Hong Kong listing for&nbsp;New Gonow Recreational Vehicles Inc.&nbsp;The maker of towable recreational vehicles (RV)&nbsp;<a href="https://www1.hkexnews.hk/app/sehk/2024/106509/documents/sehk24052800706.pdf">applied for the listing</a>&nbsp;in May, and last week received a necessary green light from the China Securities Regulatory Commission (CSRC) to move ahead.
The company plans to issue up to 276 million shares, according to the&nbsp;<a href="http://www.csrc.gov.cn/csrc/c105984/c7505610/content.shtml">CSRC post</a>, which didn&rsquo;t provide any fundraising targets. Based on a likely market value of between $300 million and $500 million by our calculations, the deal could raise around $50 million if it moves ahead. Its sole underwriter is Huatai International, the global arm of one of China&rsquo;s leading brokerages, which also suggests this sort of mid-sized fundraising target.
While surging Chinese car exports have grabbed global headlines over the last year, the RV market remains a relatively small niche still dominated by global brands like&nbsp;Thor Industries&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tho#NYSE">THO</a>) and&nbsp;Winnebago&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wgo#NYSE">WGO</a>). New Gonow is hoping to join that group someday, though nearly all of its sales currently come from Australia and New Zealand, which together make up the world&rsquo;s third-largest RV market behind North America and Europe.
New Gonow&rsquo;s sales have been revving up recently, powered by a combination of retirees with plenty of time to travel and also young people looking for new types of adventure off the usual beaten tracks. The company&rsquo;s sales more than doubled between 2021 and 2023 on that boom, helped by a return to normal after the end of the pandemic. The company&rsquo;s profit more than tripled over that time as it gained economies of scale &ndash; a point it hopes will attract investors.
New Gonow is a textbook case of a Chinese company acquiring a Western brand, then moving its production to China to reduce costs. While such a strategy has a spotty record, often because such acquired brands are already past their prime, it seems to be working well in the case of New Gonow, which has developed its own brands alongside the acquired one.
The company&rsquo;s move into RVs dates back to a chance encounter detailed in a&nbsp;<a href="https://www.caravancampingsales.com.au/editorial/details/chinese-buy-melbourne-s-regent-caravans-46365/">2014 article</a>&nbsp;on the Australian website caravancampingsales.com.au. That year, a group of people from the company was in Australia creating buzz in their search for an RV maker to acquire, said Stan Guthrie, who was a major shareholder at that time in Regent, a major local RV maker that New Gonow ended up acquiring.
&ldquo;I tracked them down and invited them over,&rdquo; he said, referring to Regent&rsquo;s production base in the city of Melbourne. &ldquo;They immediately liked what they saw and the deal was already done in principle not long afterwards. However, if I hadn&rsquo;t called into the factory that morning it might never have been, as they had four other caravan manufacturers on their shopping list.&rdquo;
Following the acquisition, New Gonow launched its mainstream Snowy River brand a year later, while positioning Regent as a luxury brand. It added Newgen in 2019, aiming to attract younger buyers with that brand&rsquo;s off-road capabilities. Snowy River currently accounts for about three-quarters of New Gonow&rsquo;s sales by revenue, with Regent and Newgen each accounting for another 10%. Its models typically sell for between A$51,000 ($34,700) and A$85,000.
<h3>Geely Background</h3>
At 53 years old, company founder and Chairman Miao Xuezhong himself is a product of China&rsquo;s recent car boom, which is another selling point for investors. His pedigree includes three years as a senior executive at Geely, now one of China&rsquo;s leading private automakers, from 1999 to 2002, back when the company was just starting its climb to prominence. He later also worked in high-level positions at GAC, a leading state-owned carmaker whose joint venture partners include Honda and Toyota, from 2010 to 2016.
The company&rsquo;s background and financials also tick many of the right boxes that should attract investors and ease concerns over any potential for falling victim to China-Western trade tensions. As a vehicle maker in a niche category like RVs, it seems unlikely that New Gonow could soon become subject to any protective import duties like the ones being levied in the U.S. and Europe on Chinese EVs.
The company currently gets nearly all of its revenue from Australia and New Zealand, where it sells through a network of 13 third-party dealers, two self-owned stores and four joint ventures with local partners. But it also says it plans to eventually enter the larger North American and European markets, without giving any specific dates. It&rsquo;s also developing electric vehicle (EV) &nbsp;models, and says it&rsquo;s aiming to launch those in the first quarter of next year.
In terms of sales, the company&rsquo;s unit sales roughly doubled over the last three years to 2,694 RVs delivered in 2023 from 1,330 in 2021. But its revenue grew by a much faster 140% over that time, from 300 million yuan in 2021 to 720 million yuan last year, showing it was able to generate more revenue per vehicle with its growing scale and brand awareness. Its cost of sales over that time fell from 83% of revenue to 75%, helping to raise its gross margin from 16.7% in 2021 to 25.1% last year. The bottom line was that New Gonow&rsquo;s profit roughly tripled over the three-year period, reaching 78.8 million yuan last year from 25.1 million yuan in 2021.
The company is currently the second-largest RV seller in Australia and New Zealand with 6.8% of the market, meaning there&rsquo;s plenty of room for growth. Though we should also note that it&rsquo;s well behind the market leader&rsquo;s 31.5% market share, and the third- to fifth-largest players are quite close behind, each with market share 5%.
Thor Industries and Winnebago both look like good comparisons from a valuation perspective, both with price-to-earnings (P/E) ratios of 22. A similar ratio would value New Gonow at about $275 million, though it&rsquo;s likely to seek a premium due to its strong growth potential, which could value it at the $300 million to $500 million range we mentioned earlier. At the end of the day, the company looks well positioned by leveraging its China manufacturing base to sell to both young people and retirees in the West who are increasingly looking for this type of flexible outdoor recreational experience.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

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General

New Gonow Drives Closer To Hong Kong Listing

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$227.50</td>
<td>$33.0K</td>
<td>2.6K</td>
<td>11.4K</td>
</tr>
<tr>
<td>VFC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$25.00</td>
<td>$25.7K</td>
<td>263</td>
<td>1.6K</td>
</tr>
<tr>
<td>NIO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$7.50</td>
<td>$25.3K</td>
<td>65.4K</td>
<td>1.4K</td>
</tr>
<tr>
<td>WOOF</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$3.50</td>
<td>$138.0K</td>
<td>5.0K</td>
<td>1.2K</td>
</tr>
<tr>
<td>CPRI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$30.00</td>
<td>$208.0K</td>
<td>36.4K</td>
<td>781</td>
</tr>
<tr>
<td>CMG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$60.00</td>
<td>$43.6K</td>
<td>3.8K</td>
<td>444</td>
</tr>
<tr>
<td>AMZN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$185.00</td>
<td>$34.3K</td>
<td>281</td>
<td>318</td>
</tr>
<tr>
<td>PDD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/27/24</td>
<td>$89.00</td>
<td>$62.0K</td>
<td>237</td>
<td>300</td>
</tr>
<tr>
<td>FL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$22.50</td>
<td>$40.4K</td>
<td>7.9K</td>
<td>246</td>
</tr>
<tr>
<td>WGO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$55.00</td>
<td>$46.2K</td>
<td>5.0K</td>
<td>171</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a put option trade with bullish sentiment. It expires in 7 day(s) on September 20, 2024. Parties traded 60 contract(s) at a $227.50 strike. The total cost received by the writing party (or parties) was $33.0K, with a price of $550.0 per contract. There were 2636 open contracts at this strike prior to today, and today 11427 contract(s) were bought and sold. 
• Regarding VFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>), we observe a call option sweep with bullish sentiment. It expires in 189 day(s) on March 21, 2025. Parties traded 306 contract(s) at a $25.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $25.7K, with a price of $84.0 per contract. There were 263 open contracts at this strike prior to today, and today 1666 contract(s) were bought and sold. 
• For NIO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), we notice a call option trade that happens to be bullish, expiring in 126 day(s) on January 17, 2025. This event was a transfer of 684 contract(s) at a $7.50 strike. The total cost received by the writing party (or parties) was $25.3K, with a price of $37.0 per contract. There were 65483 open contracts at this strike prior to today, and today 1449 contract(s) were bought and sold. 
• Regarding WOOF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>), we observe a call option trade with bearish sentiment. It expires in 7 day(s) on September 20, 2024. Parties traded 1200 contract(s) at a $3.50 strike. The total cost received by the writing party (or parties) was $138.0K, with a price of $115.0 per contract. There were 5094 open contracts at this strike prior to today, and today 1298 contract(s) were bought and sold. 
• For CPRI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPRI#NYSE">CPRI</a>), we notice a put option trade that happens to be bullish, expiring in 126 day(s) on January 17, 2025. This event was a transfer of 365 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $208.0K, with a price of $570.0 per contract. There were 36455 open contracts at this strike prior to today, and today 781 contract(s) were bought and sold. 
• Regarding CMG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), we observe a put option sweep with bullish sentiment. It expires in 98 day(s) on December 20, 2024. Parties traded 77 contract(s) at a $60.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $43.6K, with a price of $566.0 per contract. There were 3819 open contracts at this strike prior to today, and today 444 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a put option trade that happens to be bearish, expiring in 21 day(s) on October 4, 2024. This event was a transfer of 100 contract(s) at a $185.00 strike. The total cost received by the writing party (or parties) was $34.3K, with a price of $343.0 per contract. There were 281 open contracts at this strike prior to today, and today 318 contract(s) were bought and sold. 
• For PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we notice a call option trade that happens to be bearish, expiring in 14 day(s) on September 27, 2024. This event was a transfer of 100 contract(s) at a $89.00 strike. The total cost received by the writing party (or parties) was $62.0K, with a price of $620.0 per contract. There were 237 open contracts at this strike prior to today, and today 300 contract(s) were bought and sold. 
• Regarding FL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>), we observe a put option sweep with bullish sentiment. It expires in 161 day(s) on February 21, 2025. Parties traded 245 contract(s) at a $22.50 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $40.4K, with a price of $165.0 per contract. There were 7998 open contracts at this strike prior to today, and today 246 contract(s) were bought and sold. 
• For WGO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WGO#NYSE">WGO</a>), we notice a put option sweep that happens to be bearish, expiring in 63 day(s) on November 15, 2024. This event was a transfer of 132 contract(s) at a $55.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $46.2K, with a price of $350.0 per contract. There were 5038 open contracts at this strike prior to today, and today 171 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AMZN

CPRI

Citigourp Global Markets 2% Protected Notes Linked To The Djia

TSLA

WOOF

10 Consumer Discretionary Stocks Whale Activity In Today's Session

The company&#39;s cash dividend is payable on&nbsp;September 25, 2024, to common stockholders of record at the close of business on September 11, 2024.&nbsp;

Dividends

Winnebago Industries Boosts Quarterly Cash Dividend By 10% From $0.31 To $0.34 Per Share

Management

Winnebago Industries Announces Leadership Transition; Huw Bower To Step Down As Winnebago Brand President On August 31, 2024, Succeeded By Chris West As President Of Winnebago Outdoors Businesses Effective September 1, 2024

Benchmark analyst Michael Albanese initiates coverage on Winnebago Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WGO#NYSE">WGO</a>) with a Buy rating and announces Price Target of $75.

Initiation

Benchmark Initiates Coverage On Winnebago Industries with Buy Rating, Announces Price Target of $75

Citigroup analyst James Hardiman maintains Winnebago Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WGO#NYSE">WGO</a>) with a Buy and raises the price target from $71 to $77.

Citigroup Maintains Buy on Winnebago Industries, Raises Price Target to $77

Winnebago Industries's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WGO#NYSE">WGO</a>) short percent of float has fallen 5.5% since its last report. The company recently reported that it has 4.73 million shares sold short, which is 21.13% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.78 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Winnebago Industries Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720809012_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Winnebago Industries has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Winnebago Industries's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Winnebago Industries's peer group average for short interest as a percentage of float is 8.58%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into Winnebago Industries's Recent Short Interest

Across the recent three months, 6 analysts have shared their insights on Winnebago Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WGO#NYSE">WGO</a>), expressing a variety of opinions spanning from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $68.83, with a high estimate of $76.00 and a low estimate of $59.00. Observing a downward trend, the current average is 8.43% lower than the prior average price target of $75.17. 
<img src="https://www.benzinga.com/files/images/story/2024/1720454460_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
A comprehensive examination of how financial experts perceive Winnebago Industries is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Swartz</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$65.00</td>
<td>$68.00</td>
</tr>
<tr>
<td>Scott Stember</td>
<td>Roth MKM</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$59.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Tristan Thomas-Martin</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$75.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Michael Swartz</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$68.00</td>
<td>$76.00</td>
</tr>
<tr>
<td>Craig Kennison</td>
<td>Baird</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$70.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Michael Swartz</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$76.00</td>
<td>$82.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Winnebago Industries. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Winnebago Industries compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Winnebago Industries's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Winnebago Industries's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/WGO/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Winnebago Industries analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>About Winnebago Industries</h2>
Winnebago Industries manufactures Class A, B, and C motor homes along with towables, customized specialty vehicles, boats, and parts. Headquartered in Eden Prairie, Minnesota, Winnebago has been producing recreational vehicles since 1958. Revenue was about $3.5 billion in fiscal 2023. Winnebago expanded into towables in 2011 with the acquisition of SunnyBrook and acquired Grand Design in November 2016. Towables made up 79% of the firm's RV unit volume, up from 31% in fiscal 2016. The company's total RV unit volume was 39,447 in fiscal 2023. Winnebago expanded into boating in 2018 with the purchase of Chris-Craft, bought premium motor home maker Newmar in November 2019, and bought Barletta pontoon boats in August 2021. It also is developing electric and autonomous technology.
<h3>Winnebago Industries's Economic Impact: An Analysis</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Decline in Revenue: Over the 3 months period, Winnebago Industries faced challenges, resulting in a decline of approximately -12.74% in revenue growth as of 31 May, 2024. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Winnebago Industries's net margin is impressive, surpassing industry averages. With a net margin of 3.69%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Winnebago Industries's ROE stands out, surpassing industry averages. With an impressive ROE of 2.19%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Winnebago Industries's ROA excels beyond industry benchmarks, reaching 1.19%. This signifies efficient management of assets and strong financial health.
Debt Management: Winnebago Industries's debt-to-equity ratio is below the industry average at 0.56, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>Analyst Ratings: Simplified</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Forecasting The Future: 6 Analyst Projections For Winnebago Industries

Truist Securities analyst Michael Swartz maintains Winnebago Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WGO#NYSE">WGO</a>) with a Buy and lowers the price target from $68 to $65.

Truist Securities Maintains Buy on Winnebago Industries, Lowers Price Target to $65

For the quarter ended May 2024, Winnebago Industries (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wgo#NYSE">WGO</a>) reported revenue of $786 million, down 12.7% over the same period last year. EPS came in at $1.13, compared to $2.13 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $800.03 million, representing a surprise of -1.75%. The company delivered an EPS surprise of -13.08%, with the consensus EPS estimate being $1.30.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company&#39;s financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock&#39;s price performance more accurately.
Here is how Winnebago performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
<ul>
<li>Unit deliveries - Marine - Boats: 1,127 versus 1,128 estimated by three analysts on average.</li>
<li>Unit deliveries - Total Towable RV: 9,263 versus 8,415 estimated by three analysts on average.</li>
<li>Unit deliveries - Total Motorhome RV: 1,680 compared to the 1,901 average estimate based on three analysts.</li>
<li>Net Revenues- Motorhome RV: $299 million compared to the $344.82 million average estimate based on four analysts. The reported number represents a change of -20.1% year over year.</li>
<li>Net Revenues- Marine: $87.90 million versus $86.92 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -31.9% change.</li>
<li>Net Revenues- Corporate / All Other: $12.80 million versus $13.63 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -3.8% change.</li>
<li>Net Revenues- Towable RV: $386.30 million versus $357.13 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +0.6% change.</li>
<li>Adjusted EBITDA- Towable RV: $41.90 million versus the two-analyst average estimate of $35.28 million.</li>
<li>Adjusted EBITDA- Marine: $8.50 million compared to the $8.11 million average estimate based on two analysts.</li>
<li>Adjusted EBITDA- Corporate / All Other: -$5.80 million versus the two-analyst average estimate of -$7.36 million.</li>
<li>Adjusted EBITDA- Motorhome RV: $13.40 million compared to the $24.87 million average estimate based on two analysts.</li>
</ul>
Shares of Winnebago have returned -6% over the past month versus the Zacks S&amp;P 500 composite&#39;s +3.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
<a href="https://www.zacks.com/stock/news/2291138/here-s-what-key-metrics-tell-us-about-winnebago-wgo-q3-earnings?cid=CS-BENZ-FT-fundamental_analysis|nfm-2291138">To read this article on Zacks.com click here.</a>

Here's What Key Metrics Tell Us About Winnebago Q3 Earnings

6 analysts have expressed a variety of opinions on Winnebago Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WGO#NYSE">WGO</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $69.0, with a high estimate of $76.00 and a low estimate of $59.00. Observing a downward trend, the current average is 7.38% lower than the prior average price target of $74.50. 
<img src="https://www.benzinga.com/files/images/story/2024/1718992816_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Winnebago Industries. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Scott Stember</td>
<td>Roth MKM</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$59.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Tristan Thomas-Martin</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$75.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Michael Swartz</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$68.00</td>
<td>$76.00</td>
</tr>
<tr>
<td>Craig Kennison</td>
<td>Baird</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$70.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Michael Swartz</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$76.00</td>
<td>$82.00</td>
</tr>
<tr>
<td>Brandon Rolle</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Neutral</td>
<td>$66.00</td>
<td>$64.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Winnebago Industries. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Winnebago Industries compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Winnebago Industries's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of Winnebago Industries's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/WGO/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Winnebago Industries analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>About Winnebago Industries</h2>
Winnebago Industries manufactures Class A, B, and C motor homes along with towables, customized specialty vehicles, boats, and parts. Headquartered in Eden Prairie, Minnesota, Winnebago has been producing recreational vehicles since 1958. Revenue was about $3.5 billion in fiscal 2023. Winnebago expanded into towables in 2011 with the acquisition of SunnyBrook and acquired Grand Design in November 2016. Towables made up 79% of the firm's RV unit volume, up from 31% in fiscal 2016. The company's total RV unit volume was 39,447 in fiscal 2023. Winnebago expanded into boating in 2018 with the purchase of Chris-Craft, bought premium motor home maker Newmar in November 2019, and bought Barletta pontoon boats in August 2021. It also is developing electric and autonomous technology.
<h3>Financial Insights: Winnebago Industries</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Challenges: Winnebago Industries's revenue growth over 3 months faced difficulties. As of 29 February, 2024, the company experienced a decline of approximately -18.82%. This indicates a decrease in top-line earnings. When compared to others in the Consumer Discretionary sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of -1.8%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Winnebago Industries's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of -0.95%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of -0.53%, the company showcases effective utilization of assets.
Debt Management: With a below-average debt-to-equity ratio of 0.55, Winnebago Industries adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Critical Insights From Winnebago Industries Analyst Ratings: What You Need To Know

Roth MKM analyst Scott Stember maintains Winnebago Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WGO#NYSE">WGO</a>) with a Neutral and lowers the price target from $70 to $59.

Roth MKM Maintains Neutral on Winnebago Industries, Lowers Price Target to $59

Truist Securities analyst Michael Swartz maintains Winnebago Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WGO#NYSE">WGO</a>) with a Buy and lowers the price target from $76 to $68.

Truist Securities Maintains Buy on Winnebago Industries, Lowers Price Target to $68

Winnebago Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WGO#NYSE">WGO</a>) reported downbeat third-quarter results on Thursday.
The company reported quarterly earnings per share of $1.13, missing the street view of $1.34. Quarterly revenues of $786.0 million missed the analyst consensus of $806.13 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
"Notwithstanding difficult retail headwinds in the Motorhome segment, our Towable RV business generated higher revenue versus the same period a year ago and our Barletta pontoon retail share grew to double digits for the trailing three- and six-month periods through April," said Michael Happe, President and Chief Executive Officer.
On May 15, the company approved a quarterly cash dividend of $0.31 per share, payable on June 26, 2024.
"We are also particularly excited about the upcoming market release in our fourth quarter of the Grand Design Lineage motorhome product as well as the Winnebago Connect intelligent control system being introduced on the Winnebago Navion line. Both strategies open new growth opportunities for our organization," Happe added.
Winnebago shares fell 3.5% to close at $54.69 on Thursday.
These analysts made changes to their price targets on Winnebago after the company reported quarterly results.
<ul>
<li>Baird cut the price target on Winnebago from $75 to $70. Baird analyst Craig Kennison maintained an Outperform rating.</li>
<li>BMO Capital cut Winnebago price target from $80 to $75. BMO Capital analyst Tristan Thomas-Martin maintained an Outperform rating.</li>
</ul>
Read More: <a href="https://www.benzinga.com/news/24/06/39428617/smith-wesson-brands-abacus-life-and-other-big-stocks-moving-lower-in-fridays-pre-market-session">Smith &amp; Wesson Brands, Abacus Life And Other Big Stocks Moving Lower In Friday&#8217;s Pre-Market Session</a>

Winnebago Analysts Cut Their Forecasts After Q3 Results

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>Wells Fargo cut the price target for Zoom Video Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) from $60 to $55. Wells Fargo analyst Phil Winslow maintained an Underweight rating. Zoom Video shares gained 3.7% to close at $58.31 on Thursday. <a href="https://www.benzinga.com/quote/ZM/analyst-ratings">See how other analysts view this stock.</a></li>
<li>BMO Capital slashed the price target for Winnebago Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WGO#NYSE">WGO</a>) from $80 to $75. BMO Capital analyst Tristan Thomas-Martin maintained an Outperform rating. Winnebago shares fell 3.5% to close at $54.69 on Thursday. <a href="https://www.benzinga.com/quote/WGO/analyst-ratings">See how other analysts view this stock.</a></li>
<li>UBS lowered Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) price target from $130 to $120. UBS analyst David Vogt maintained a Neutral rating. Jabil shares fell 11.4% to close at $111.79 on Thursday. <a href="https://www.benzinga.com/quote/JBL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler cut the price target for Align Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGN#NASDAQ">ALGN</a>) from $375 to $330. Piper Sandler analyst Jason Bednar maintained an Overweight rating. Align Technology shares rose 0.2% to close at $242.61 on Thursday. <a href="https://www.benzinga.com/quote/ALGN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stifel slashed Darden Restaurants, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) price target from $190 to $180. Stifel analyst Chris O&#8217;Cull maintained a Buy rating. Darden shares gained 1.5% to close at $154.29 on Thursday. <a href="https://www.benzinga.com/quote/DRI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan cut The Kroger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) price target from $60 to $58. JP Morgan analyst Ken Goldman maintained an Overweight rating. Kroger shares fell 3.3% to close at $50.28 on Thursday. See how other analysts view this stock.</li>
<li>Baird boosted the price target for Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) from $210 to $213. Baird analyst Colin Sebastian maintained an Outperform rating. Amazon shares gained 1.8% to close at $186.10 on Thursday. <a href="https://www.benzinga.com/quote/AMZN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>RBC Capital increased Sarepta Therapeutics, Inc.. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRPT#NASDAQ">SRPT</a>) price target from $142 to $182. RBC Capital analyst Brian Abrahams maintained a Sector Perform rating. Sarepta Therapeutics shares gained 5.1% to close at $123.50 on Thursday. <a href="https://www.benzinga.com/quote/SRPT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Bernstein raised Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) price target from $195 to $240. Bernstein analyst Toni Sacconaghi maintained an Outperform rating. Apple shares fell 2.2% to close at $209.68 on Thursday. <a href="https://www.benzinga.com/quote/AAPL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Oppenheimer boosted NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) price target from $110 to $120. Oppenheimer analyst Brian Nagel upgraded the stock from Perform to Outperform. NIKE shares rose 0.8% to close at $95.57 on Thursday. <a href="https://www.benzinga.com/quote/NKE/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/24/06/39428617/smith-wesson-brands-abacus-life-and-other-big-stocks-moving-lower-in-fridays-pre-market-session">Smith &amp; Wesson Brands, Abacus Life And Other Big Stocks Moving Lower In Friday&#8217;s Pre-Market Session</a>

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Truist Financial analyst Michael Swartz maintained a Buy rating on Winnebago Industries (WGO – Research Report) yesterday and set a price target of...

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Benchmark lowered the firm's price target on Winnebago (WGO) to $70 from $75 and keeps a Buy rating on the shares ahead of the company's earnings r...

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