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Investing.com - Benchmark has reaffirmed its Hold rating on Thor Industries Inc. (NYSE:THO) as the recreational vehicle manufacturer faces ongoing industry challenges. According to InvestingPro data, the company’s stock is currently trading slightly below its Fair Value, with a market capitalization of $5.5 billion.
The research firm cited multiple factors for maintaining its cautious stance, including a sluggish consumer discretionary environment and concerns about potential market share losses for certain Thor brands.
Benchmark also pointed to Thor’s European segment, which has transformed from a growth driver into a performance drag, with these headwinds expected to continue in the near term.
The firm lowered its fiscal year 2026 estimates for Thor following soft performance from close competitor Winnebago Industries in late June and weak earnings across the RV sector last quarter, conditions Benchmark expects to persist.
Thor Industries is scheduled to report its fourth-quarter fiscal year 2025 results in September, with Benchmark noting that unfavorable product mix trends are emerging as consumers increasingly gravitate toward value-oriented products.
In other recent news, Thor Industries reported better-than-expected results for its fiscal third quarter of 2025. The company’s shipments exceeded retail expectations, leading to improved margins. Despite these strong results, Thor Industries remains cautious about the near-term outlook due to softer-than-anticipated retail demand and macroeconomic uncertainties. In light of this performance, Citi analysts raised their price target for Thor Industries stock from $74 to $88, while maintaining a Neutral rating. Meanwhile, BMO Capital reiterated its Outperform rating, highlighting the company’s leverage in its business model when volumes increase. KeyBanc also upgraded Thor Industries from Underweight to Sector Weight after recent management meetings. Additionally, Thor Industries announced a new $400 million share repurchase program, set to expire on July 31, 2027. The company also declared a quarterly dividend of $0.50 per share, payable on July 15, 2025.
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