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Investing.com - DA Davidson raised its price target on Winnebago Industries (NYSE:WGO) to $32.00 from $26.00 on Tuesday, while maintaining a Neutral rating on the recreational vehicle manufacturer. The stock currently trades at $33.93, with analyst targets ranging from $26 to $75. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value assessment.
The price target adjustment follows DA Davidson's participation in an Open House event in Elkhart, where analysts met with Winnebago CEO Michael Happe, CFO Bryan Hughes, and other key brand executives.
Despite the higher price target, DA Davidson maintained its neutral outlook on both Winnebago and the broader RV industry, noting that dealer sentiment remains measured.
The firm observed that dealers are showing "cautious optimism" while intending to maintain relatively stable inventory levels as the main selling season concludes.
The new $32 price target represents a 14x multiple on DA Davidson's fiscal year 2026 adjusted earnings per share estimate of $2.30 for Winnebago.
In other recent news, Winnebago Industries has announced a 3 percent increase in its quarterly dividend, raising it to $0.35 per share. This change represents an additional $0.01 per share compared to the previous quarter and will be payable on September 24, 2025. The company also revealed a leadership restructuring, organizing its business into three main groups: Marine, Motorized RV, and Towable RV, with Jeff Haradine and Steve Heese taking on significant roles. Meanwhile, Jacqueline D. Woods has resigned from the board, following a change in her principal employment, with no immediate details on her successor.
On the financial analysis front, BMO Capital has lowered its price target for Winnebago Industries to $50, citing preliminary fiscal third-quarter results that fell below market expectations. Benchmark also adjusted its price target to $42, maintaining a Buy rating, following Winnebago's third-quarter results that aligned with previous guidance. These developments highlight the shifting landscape for Winnebago Industries as it navigates changes in leadership and market expectations.
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