Citigroup Lowers Winnebago Industries (NYSE:WGO) Price Target to $33.00

Winnebago Industries (NYSE:WGOGet Free Report) had its price target reduced by stock analysts at Citigroup from $37.00 to $33.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. Citigroup’s price target would indicate a potential upside of 12.79% from the company’s previous close.

Other equities analysts have also issued reports about the stock. KeyCorp decreased their target price on shares of Winnebago Industries from $40.00 to $37.00 and set an “overweight” rating on the stock in a report on Friday, June 6th. Benchmark decreased their price target on shares of Winnebago Industries from $70.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, April 1st. Wall Street Zen lowered shares of Winnebago Industries from a “hold” rating to a “sell” rating in a report on Saturday, June 21st. DA Davidson raised shares of Winnebago Industries to a “hold” rating in a report on Monday, April 14th. Finally, Baird R W lowered shares of Winnebago Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Winnebago Industries presently has an average rating of “Hold” and an average price target of $44.33.

View Our Latest Stock Analysis on Winnebago Industries

Winnebago Industries Price Performance

WGO stock opened at $29.26 on Thursday. The company has a quick ratio of 0.94, a current ratio of 2.41 and a debt-to-equity ratio of 0.44. Winnebago Industries has a 12 month low of $28.00 and a 12 month high of $65.65. The firm has a market cap of $820.13 million, a P/E ratio of -49.59 and a beta of 1.07. The company’s 50-day moving average price is $33.09 and its two-hundred day moving average price is $39.02.

Winnebago Industries (NYSE:WGOGet Free Report) last released its earnings results on Wednesday, June 25th. The construction company reported $0.81 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 firm had revenue of $775.10 million for the quarter, compared to analyst estimates of $808.15 million. During the same period last year, the firm earned $1.13 EPS. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. On average, analysts anticipate that Winnebago Industries will post 3.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Winnebago Industries news, Director Kevin E. Bryant bought 4,200 shares of the business’s stock in a transaction that occurred on Monday, March 31st. The shares were acquired at an average cost of $34.12 per share, for a total transaction of $143,304.00. Following the transaction, 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.63% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Winnebago Industries

Hedge funds have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC boosted its position in Winnebago Industries by 270.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock worth $25,000 after buying an additional 390 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Winnebago Industries by 36,000.0% in the 1st quarter. Farther Finance Advisors LLC now owns 722 shares of the construction company’s stock worth $25,000 after purchasing an additional 720 shares during the period. Versant Capital Management Inc lifted its position in shares of Winnebago Industries by 304.9% in the 1st quarter. Versant Capital Management Inc now owns 826 shares of the construction company’s stock worth $28,000 after purchasing an additional 622 shares during the period. Parallel Advisors LLC lifted its position in shares of Winnebago Industries by 629.2% in the 1st quarter. Parallel Advisors LLC now owns 824 shares of the construction company’s stock worth $28,000 after purchasing an additional 711 shares during the period. Finally, Signaturefd LLC acquired a new position in shares of Winnebago Industries in the 1st quarter worth approximately $31,000.

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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