Winnebago Industries Inc. Expected to Earn FY2016 Earnings of $1.65 Per Share (WGO)
Winnebago Industries Inc. (NYSE:WGO) – Equities researchers at Gabelli lowered their FY2016 earnings per share (EPS) estimates for Winnebago Industries in a research report issued on Tuesday. Gabelli analyst M. Paige now anticipates that the brokerage will post earnings per share of $1.65 for the year, down from their prior forecast of $1.70.
WGO has been the subject of a number of other reports. BMO Capital Markets increased their price objective on Winnebago Industries from $27.00 to $33.00 and gave the company an “outperform” rating in a report on Tuesday. Robert W. Baird upgraded Winnebago Industries from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $25.00 to $30.00 in a report on Monday, October 3rd. Finally, Zacks Investment Research downgraded Winnebago Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $29.33.
Shares of Winnebago Industries (NYSE:WGO) opened at 27.88 on Thursday. Winnebago Industries has a 52-week low of $15.41 and a 52-week high of $30.60. The firm has a market cap of $749.78 million, a P/E ratio of 17.10 and a beta of 2.11. The company has a 50 day moving average price of $24.18 and a 200-day moving average price of $22.59.
A number of hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA boosted its stake in shares of 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 period. Prudential Financial Inc. boosted its stake in shares of Winnebago Industries by 30.9% in the first quarter. Prudential Financial Inc. now owns 82,193 shares of the company’s stock worth $1,845,000 after buying an additional 19,409 shares during the period. HL Financial Services LLC boosted its stake in shares of Winnebago Industries by 11.3% in the second quarter. HL Financial Services LLC now owns 89,051 shares of the company’s stock worth $2,041,000 after buying an additional 9,032 shares during the period. Boston Partners boosted its stake in shares of Winnebago Industries by 2.4% in the second quarter. Boston Partners now owns 225,483 shares of the company’s stock worth $5,168,000 after buying an additional 5,212 shares during the period. Finally, GSA Capital Partners LLP boosted its stake in shares of Winnebago Industries by 217.4% in the second quarter. GSA Capital Partners LLP now owns 40,586 shares of the company’s stock worth $930,000 after buying an additional 27,800 shares during the period. 91.48% of the stock is currently owned by institutional investors and hedge funds.
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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