Thor Industries Inc. [NYSE: THO] plunged by -$2.79 during the normal trading session on Tuesday and reaching a high of $97.155 during the day while it closed the day at $95.68. The company report on December 8, 2020 that Thor Reports Strong Growth In Net Sales, Gross Profit Margin, And Earnings Per Share For The First Quarter Of Fiscal 2021.
– Net sales for the first quarter were $2.54 billion, an increase of 17.5%. First-quarter results include $1.89 billion in North American RV net sales and $602.5 million in European RV net sales.
– Consolidated gross profit margin for the first quarter was 14.9%, a 60 basis point improvement over the prior-year period.
Thor Industries Inc. stock has also loss -3.48% of its value over the past 7 days. However, THO stock has inclined by 1.41% in the 3 months of the year. Over the past six months meanwhile, it has lost -12.98% and gained 28.79% year-on date.
The market cap for THO stock reached $5.26 billion, with 55.20 million shares outstanding and 53.08 million shares in the current float. Compared to the average trading volume of 889.73K shares, THO reached a trading volume of 2055817 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Thor Industries Inc. [THO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for THO shares is $116.11 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on THO stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wedbush have made an estimate for Thor Industries Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 02, 2020. The new note on the price target was released on September 25, 2020, representing the official price target for Thor Industries Inc. stock. Previously, the target price had yet another raise from $98 to $105, while BMO Capital Markets kept a Outperform rating on THO stock.
The Average True Range (ATR) for Thor Industries Inc. is set at 4.34, with the Price to Sales ratio for THO stock in the period of the last 12 months amounting to 0.64. The Price to Book ratio for the last quarter was 2.28, with the Price to Cash per share for the same quarter was set at 9.79. Price to Free Cash Flow for THO in the course of the last twelve months was 13.50 with Quick ratio for the last quarter at 0.90.
THO stock trade performance evaluation
Thor Industries Inc. [THO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.48. With this latest performance, THO shares gained by 7.83% in over the last four-week period, additionally sinking by -12.98% over the last 6 months – not to mention a rise of 48.85% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for THO stock in for the last two-week period is set at 53.34, with the RSI for the last a single of trading hit 53.55, and the three-weeks RSI is set at 52.89 for Thor Industries Inc. [THO]. The present Moving Average for the last 50 days of trading for this stock 92.89, while it was recorded at 96.23 for the last single week of trading, and 86.74 for the last 200 days.
Thor Industries Inc. [THO]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Thor Industries Inc. [THO] shares currently have an operating margin of +4.74 and a Gross Margin at +12.32. Thor Industries Inc.’s Net Margin is presently recorded at +2.73.
Return on Total Capital for THO is now 9.52, given the latest momentum, and Return on Invested Capital for the company is 5.59. Return on Equity for this stock inclined to 10.13, with Return on Assets sitting at 3.90. When it comes to the capital structure of this company, Thor Industries Inc. [THO] has a Total Debt to Total Equity ratio set at 75.08. Additionally, THO Total Debt to Total Capital is recorded at 42.88, with Total Debt to Total Assets ending up at 30.18. Long-Term Debt to Equity for the company is recorded at 72.68, with the Long-Term Debt to Total Capital now at 41.51.
Reflecting on the efficiency of the workforce at the company, Thor Industries Inc. [THO] managed to generate an average of $10,021 per employee. Receivables Turnover for the company is 10.67 with a Total Asset Turnover recorded at a value of 1.43.Thor Industries Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.40.
Earnings per share (EPS) analysis for Thor Industries Inc. [THO] stock
With the latest financial reports released by the company, Thor Industries Inc. posted 0.66/share EPS, while the average EPS was predicted by analysts to be reported at 0.7/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -5.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for THO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Thor Industries Inc. go to 24.40%.
Thor Industries Inc. [THO]: Insider Ownership positions
There are presently around $5,097 million, or 97.00% of THO stock, in the hands of institutional investors. The top three institutional holders of THO stocks are: CAPITAL RESEARCH GLOBAL INVESTORS with ownership of 6,480,114, which is approximately 0.633% of the company’s market cap and around 2.50% of the total institutional ownership; VANGUARD GROUP INC, holding 4,717,734 shares of the stock with an approximate value of $451.39 million in THO stocks shares; and BLACKROCK INC., currently with $431.71 million in THO stock with ownership of nearly -3.812% of the company’s market capitalization.
Positions in Thor Industries Inc. stocks held by institutional investors increased at the end of December and at the time of the December reporting period, where 174 institutional holders increased their position in Thor Industries Inc. [NYSE:THO] by around 5,423,864 shares. Additionally, 210 investors decreased positions by around 5,530,104 shares, while 60 investors held positions by with 42,313,586 shares. The mentioned changes placed institutional holdings at 53,267,554 shares, according to the latest SEC report filing. THO stock had 66 new institutional investments in for a total of 1,242,851 shares, while 51 institutional investors sold positions of 1,125,997 shares during the same period.