Thor Industries, Inc. [THO] stock prices are down -2.81% to $100.75 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The THO shares have gain 2.91% over the last week, with a monthly amount drifted -9.54%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Thor Industries, Inc. [NYSE: THO] stock has seen the most recent analyst activity on March 15, 2024, when Citigroup upgraded its rating to a Buy and also boosted its price target to $122 from $111. On January 09, 2023, upgrade upgraded it’s rating to Neutral and revised its price target to $85 on the stock. The Benchmark Company downgraded its rating to a Hold. Argus downgraded its rating to a Hold. DA Davidson downgraded its rating to Underperform for this stock on May 19, 2022, but kept the price target unchanged to $60. In a note dated May 05, 2022, MKM Partners initiated an Neutral rating and provided a target price of $89 on this stock.
The stock price of Thor Industries, Inc. [THO] has been fluctuating between $74.50 and $129.31 over the past year. Currently, Wall Street analysts expect the stock to reach $89.25 within the next 12 months. Thor Industries, Inc. [NYSE: THO] shares were valued at $100.75 at the most recent close of the market. An investor can expect a potential drop of -11.41% based on the average THO price forecast.
Analyzing the THO fundamentals
The Thor Industries, Inc. [NYSE:THO] reported sales of 10.37B for trailing twelve months, representing a drop of -5.94%. Gross Profit Margin for this corporation currently stands at 0.14% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.07 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.38.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 99.53 points at the first support level, and at 98.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 102.22, and for the 2nd resistance point, it is at 103.68.
Thor Industries, Inc. [THO] reported earnings per share of $0.13 for its fiscal quarter that ended on 1/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.67/share, meaning a difference of -$0.54 and a surprise factor of -80.60%. By comparison, the stated earnings for the previous quarter ended on 10/31/2023 were $0.99 per share as compared to estimates of $0.97 per share, a difference of $0.02 representing a surprise of 2.10%.
Ratios To Look Out For
It’s worth pointing out that Thor Industries, Inc. [NYSE:THO]’s Current Ratio is 1.75. Also, the Quick Ratio is 0.65, while the Cash Ratio stands at 0.21. Considering the valuation of this stock, the price to sales ratio is 0.52, the price to book ratio is 1.36 and price to earnings (TTM) ratio is 19.96.
Transactions by insiders
Recent insider trading involved WOELFER W. TODD, SVP, CHIEF OPERATING OFFICER, that happened on Jan 23 ’24 when 3333.0 shares were sold. SVP, CHIEF OPERATING OFFICER, WOELFER W. TODD completed a deal on Jan 22 ’24 to sell 3333.0 shares. Meanwhile, SVP, CHIEF OPERATING OFFICER WOELFER W. TODD sold 3334.0 shares on Jan 18 ’24.
