Gabelli Weighs in on Winnebago Industries Inc.’s FY2020 Earnings (WGO)
Winnebago Industries Inc. (NYSE:WGO) – Equities researchers at Gabelli issued their FY2020 earnings estimates for Winnebago Industries in a report issued on Tuesday. Gabelli analyst M. Paige forecasts that the firm will post earnings per share of $2.20 for the year.
WGO has been the subject of several other reports. BMO Capital Markets upped their target price on Winnebago Industries from $27.00 to $33.00 and gave the stock an “outperform” rating in a report on Tuesday. Robert W. Baird raised Winnebago Industries from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $25.00 to $30.00 in a research report on Monday. Finally, Zacks Investment Research raised Winnebago Industries from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Thursday, June 30th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $29.33.
Shares of Winnebago Industries (NYSE:WGO) traded down 3.707% on Wednesday, reaching $27.925. The company’s stock had a trading volume of 326,271 shares. The firm has a 50 day moving average price of $24.06 and a 200-day moving average price of $22.55. Winnebago Industries has a 12-month low of $15.41 and a 12-month high of $30.60. The stock has a market cap of $750.99 million, a PE ratio of 17.132 and a beta of 2.11.
A number of hedge funds and other institutional investors have recently made changes to their positions in WGO. Lebenthal Asset Management LLC acquired a new position in shares of Winnebago Industries during the second quarter valued at about $4,659,000. Numeric Investors LLC raised its position in shares of Winnebago Industries by 135.4% in the second quarter. Numeric Investors LLC now owns 340,144 shares of the company’s stock valued at $7,796,000 after buying an additional 195,644 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Winnebago Industries by 13.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,399,492 shares of the company’s stock valued at $32,076,000 after buying an additional 163,197 shares in the last quarter. Thomson Horstmann & Bryant Inc. raised its position in shares of Winnebago Industries by 34.3% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 485,707 shares of the company’s stock valued at $11,132,000 after buying an additional 123,957 shares in the last quarter. Finally, Chartwell Investment Partners LLC acquired a new position in shares of Winnebago Industries during the second quarter valued at about $1,878,000. 91.48% of the stock is currently owned by institutional investors.
About Winnebago Industries
Winnebago Industries, Inc is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company sells its products through independent dealers, primarily throughout the United States and Canada. It sells motor homes through independent dealers under the Winnebago, Itasca and Era brands names.
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