Update shared on 22 Nov 2025
Analysts have modestly raised their average price target for Winnebago Industries, citing conservative company guidance and stable but subdued retail and wholesale demand in the North American RV market.
Analyst Commentary
Recent analyst coverage of Winnebago Industries reflects a balanced outlook, highlighting both potential opportunities and ongoing risks as the company navigates current market conditions.
Bullish Takeaways- Some bullish analysts have raised their price targets, citing better-than-expected quarterly results and the company's prudent long-term guidance.
- Winnebago's positioning within the premium segment of the RV market may offer upside if consumer trends strengthen or stabilize.
- Prudent cost management and conservative EPS targets are viewed as responsible approaches. This may reduce the risk of negative earnings surprises.
- The recent increase in share price targets signals recognition of the company's ability to outperform in a challenging environment.
- Bearish analysts remain cautious, noting that retail demand is subdued and skewed toward more affordable, entry-level products. This limits short-term growth potential for premium offerings.
- Ongoing inventory restocking and flattish industry wholesale activity are expected to constrain earnings growth in upcoming periods.
- Concerns persist around consumer confidence and a "fuller" valuation following recent share price appreciation. This could limit further stock upside.
- Macroeconomic uncertainty and elevated inventory levels are believed to create headwinds for sustained outperformance.
What's in the News
- Winnebago Industries completed its share repurchase program announced in August 2022, having bought back 2,923,832 shares for $170.09 million. This represents 9.93% of shares. No additional shares were repurchased between June and August 2025. (Key Developments)
- The company released earnings guidance for fiscal year 2026, expecting net revenues between $2.75 billion and $2.95 billion. The company also reported earnings per diluted share in the range of $1.25 to $1.95. (Key Developments)
- Winnebago will debut several new RV models and innovations, including refreshed motorhomes and travel trailers, at the Hershey RV Show in September 2025. Product highlights include the updated Thrive and Micro Minnie travel trailers, and the market-leading Travato camper van. Grand Design and Newmar, Winnebago brands, will also unveil new products and features at the show. (Key Developments)
Valuation Changes
- The discount rate has risen slightly from 12.47% to 12.5%, indicating a marginally increased return expectation by analysts.
- The revenue growth projection remains effectively unchanged, with a minimal increase from 5.41% to 5.41%.
- The net profit margin estimate has risen slightly from 5.20% to 5.21%.
- The future P/E ratio is unchanged, holding steady at approximately 9.94x.
- The consensus fair value estimate remains stable at $44.17.
Disclaimer
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