Winnebago Industries Inc. (WGO) Expected to Post FY2016 Earnings of $1.68 Per Share
Winnebago Industries Inc. (NYSE:WGO) – Equities researchers at Northcoast Research upped their FY2016 earnings per share (EPS) estimates for shares of Winnebago Industries in a report issued on Wednesday. Northcoast Research analyst S. Woolf now anticipates that the brokerage will post earnings of $1.68 per share for the year, up from their previous forecast of $1.57.
WGO has been the topic of a number of other reports. BMO Capital Markets raised their target price on Winnebago Industries from $27.00 to $33.00 and gave the company an “outperform” rating in a research note on Tuesday. Robert W. Baird upgraded shares of Winnebago Industries from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $25.00 to $30.00 in a research note on Monday. Finally, Zacks Investment Research upgraded shares of Winnebago Industries from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Thursday, June 30th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $29.33.
Winnebago Industries (NYSE:WGO) opened at 29.00 on Thursday. The firm has a 50-day moving average of $24.06 and a 200-day moving average 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 capitalization of $779.90 million, a price-to-earnings ratio of 17.79 and a beta of 2.11.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WGO. Mason Street Advisors LLC purchased a new position in Winnebago Industries during the second quarter worth about $120,000. Hussman Strategic Advisors Inc. purchased a new position in Winnebago Industries during the second quarter worth about $142,000. Legal & General Group Plc raised its position in Winnebago Industries by 12.8% in the first quarter. Legal & General Group Plc now owns 7,582 shares of the company’s stock worth $171,000 after buying an additional 862 shares during the last quarter. Acrospire Investment Management LLC raised its position in Winnebago Industries by 273.9% in the second quarter. Acrospire Investment Management LLC now owns 8,737 shares of the company’s stock worth $200,000 after buying an additional 6,400 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in Winnebago Industries by 89.6% in the second quarter. BNP Paribas Arbitrage SA now owns 8,769 shares of the company’s stock worth $201,000 after buying an additional 4,144 shares during the last quarter. 91.48% of the stock is currently owned by hedge funds and other 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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