Triple Moving Average Crossover
|Bid||106.31 x 800|
|Ask||106.35 x 900|
|Day's Range||104.11 - 107.98|
|52 Week Range||32.30 - 118.89|
|Beta (5Y Monthly)||2.58|
|PE Ratio (TTM)||30.00|
|Forward Dividend & Yield||1.60 (1.50%)|
|Ex-Dividend Date||Jun 29, 2020|
|1y Target Est||N/A|
Thor Industries (THO) is seeing positive earnings estimate revisions, suggesting that it could be a solid choice for investors.
Geneva Long, Bowlus Road Chief Founder & CEO, joined The Final Round to discuss the luxury RV travel industry and the surge in RV inquiries the company has seen over the past few months due to COVID-19.
Top Ranked Momentum Stocks to Buy for July 1st
Moody's Investors Service ("Moody's") affirmed its ratings for Thor Industries, Inc. ("Thor"), including the company's B1 corporate family rating (CFR) and B1-PD probability of default rating, as well as the B2 rating on the company's senior secured term loan. The ratings outlook has been changed to stable from negative.
The Zacks Analyst Blog Highlights: Thor Industries, Lowes Companies, Nintendo, Micron Technology and Microchip
Recreational vehicle company Winnebago Industries “is in good shape for the recession” as it benefits from two key tailwinds amid the pandemic, says one analyst.
In this article we are going to estimate the intrinsic value of Thor Industries, Inc. (NYSE:THO) by taking the...
There's a big trend happening on Wall Street, and you don't want to miss out. Consumers are opting for campfires and nights under the stars instead of pink flamingo pool floats and tropical cocktails. Investors are following suit, bidding up a group of travel stocks perfect for the great outdoors. If you're looking to make a profit this summer, grab your flannel and start buying.Don't get me wrong. I am a huge fan of relaxing by the pool -- and a fruity cocktail doesn't sound so bad, either. But right now, the novel coronavirus is still calling the shots. Data tells us that some travelers are ready to return to airlines, cruise ships, and crowded resorts, but plenty prefer staying safe at home.Now though, even those who want to stay safe and practice social distancing are feeling the itch to get out and explore. To be fair, many Americans have been in some state of lockdown since early March. There's only so many movies and shows to stream, and surely there's more to life than Netflix (NASDAQ:NFLX). As MarketWatch's Michael Brush put it, consumers are turning to great outdoors stocks that are somewhere in between quarantine and a plane ride to Europe.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo what do you do if you don't happen to have a luxurious pool in your backyard? Well, you embrace a different type of family vacation. These last few weeks have seen a surge in short-term rental demand and camping purchases. For now, your biggest worries in the woods are still bears and creepy crawlies, not a pandemic. * 15 Red-Hot Online Retail Stocks Soaring High in 2020 If you're brainstorming what to do with your next three-day weekend, take a look at these four travel stocks. America's great outdoors isn't likely to disappoint. * Thor Industries (NYSE:THO) * Expedia (NASDAQ:EXPE) * Dick's Sporting Goods (NYSE:DKS) * Brunswick (NYSE:BC) Thor Industries (THO)Source: Angel DiBilio / Shutterstock.com There's nothing quite like shoving your small family -- dog included -- into your minivan and heading off to explore the country. OK, perhaps a little bit of legroom wouldn't hurt. That's why Thor Industries makes the first spot on my list of travel stocks perfect for embracing the great outdoors. The company makes RVs and "travel trailers," like the iconic Airstream brand pictured above.You wouldn't be alone in adding THO shares to your list of great outdoors stocks to buy. Shares are up more than 50% in 2020.What exactly is the logic here? Well, remember how consumers were panic-buying Peloton (NASDAQ:PTON) bikes for the first phase of lockdowns? Now, it's summertime, and we're seeing the second wave of coronavirus consumer purchases.However, many experts don't see the demand stopping anytime soon. As I wrote earlier this week in InvestorPlace's live blog:The safety argument makes a lot of sense. You can travel alone, with your family or quarantine friend group, and see sites across the U.S. And unlike with various other forms of travel, your exposure to others is much lower. Sure, it's likely that as pandemic fears ease (likely with the commercialization of a vaccine), that RVs will lose the coronavirus attraction. But for right now, demand is growing and THO and Winnebago (NYSE:WGO) are winning. That's something investors can't deny.If you still don't believe me, take a look at the sales figures. After a rough first quarter, Thor Industries is seeing consumer demand for RV models that range in price from $100,000 to $800,000. Plus, demand for the Airstream travel trailers is so high the company can barely keep up.RV demand is climbing, and Thor Industries is a clear industry leader. Is anyone looking for a travel buddy? Expedia (EXPE)Source: VDB Photos / Shutterstock.com Perhaps one of the clearest examples that travel stocks -- especially those in the adventure and outdoors niche -- are headed for a rebound is the recent success of Airbnb. Although the short-term rental company has yet to make its public debut, investors can cash in on the same trend with Expedia.Early in June, Bloomberg's Olivia Carville reported on the "surge" in short-term rental demand. Airbnb has notoriously suffered in 2020, and even talked of delaying its IPO. When states went into lockdown, hosts and travelers alike struggled to make ends meet. In short, weekend trips and spring break parties simply weren't happening. But as Carville writes, there are two catalysts driving this rebound.Many consumers simply are tuning into their pent-up demand. They want to travel, and now that tourist hotspots like Florida have reopened, nothing is stopping them. One benefit for short-term rental brands is that the personalization and isolation makes an individual rental seem safer than a hotel.The other catalyst comes from white-collar workers sick of working from home. Sure, it's nice to cut out time commuting. But after several months, your apartment just doesn't feel cozy. That's why many are opting to bring their laptops and hit up cabins and beach rentals for a few days.Here's where Expedia comes in. Two of its brands, HomeAway and Vrbo, cater to the short-term rental trend. HomeAway helps match travelers with specific destinations -- including treehouses. Vrbo is more of a true competitor to Airbnb, and search interest for the company is actually up in 2020. * 7 of the Best Bank Stocks to Cash In On EXPE stock is also likely to benefit from a broader rebound in the travel space, so don't fret too much about this name. Heck, you can even pick up some shares from a mobile trading app while lounging in a luxury rental cabin. Dick's Sporting Goods (DKS)Source: Jonathan Weiss / Shutterstock.com Hear me out on this one -- Dick's Sporting Goods does count as a travel stock, especially for investors looking to get into the great outdoors niche. Think about it. If you were packing up for a tropical resort, you'd likely be heading online or to a handful of stores to prep. You'd have to buy bathing suits, sunglasses and hopefully a few things of sunscreen. Dick's Sporting Goods, on the other hand, is a one-stop shop for camping adventures.Beyond its namesake sporting goods, DKS also sells everything you need for an outdoor adventure. You can buy grills, hammocks, bikes and even kayaks. The retailer will make sure you have all the gear you need for your new hobbies.Like peer Vista Outdoor (NYSE:VSTO), Dick's Sporting Goods will benefit from new demand for outdoor gear. Unlike VSTO stock though, the catalyst for DKS shares goes beyond camping and hiking.Dick's Sporting Goods was certainly among the retailers hit hard by the pandemic. Same-store sales fell almost 30% in the first quarter, and even digital sales growth of 110% couldn't save its quarterly results. But things are turning around. Shares are up almost 36% in the last month, but they still have room to climb before the hit pre-coronavirus levels. Plus, Dick's offers traditional health and fitness products for all those consumers ready to get back to the gym.Beyond the share-price gains, there's another good sign of life here. According to Barron's Lawrence Strauss, the company just reinstated its dividend -- and it never even missed a payment. As the retailer recovers from the pandemic it has moved to bring back most of its furloughed employees and restored employee salaries. Talk about a recovery. Brunswick (BC)Source: Shutterstock Your research on niche travel stocks doesn't have to stop with camping and hiking. Another great way to embrace the great outdoors is through enjoying a lake or bay, and Brunswick is benefiting from that reality.MarketWatch's Michael Brush said it best. Boating is a hobby, and people often turn to local boat clubs to share their enthusiasm. As other sporting events and organized activities remain in limbo, it's no surprise that boating is picking up consumer interest. That's made Brunswick a big winner in recent weeks thanks to its industry-leading brands.The Illinois-based company has several boat brands, such as Bayliner, Crestliner and Cypress Cay. It also specializes in marine engines and different boat parts and accessories. BC stock truly represents the whole boating package. Shares are already starting to rebound, although they're still about $5 off their 2020 high. One SunTrust Robinson analyst even raised their price target to $66. That bodes well for the future of Brunswick stock.As interest in the company's boats and Boat Club membership climbs in time for summer, don't discount the opportunity here. Dip your toes in the water, cool off, and relax knowing the future of these niche travel stocks is red hot.Sarah Smith is a Web Editor at InvestorPlace.com. As of this writing, she did not hold any of the aforementioned securities. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * Top Stock Picker Reveals His Next 1,000% Winner * The 1 Stock All Retirees Must Own * Look What America's Richest Family Is Investing in Now The post 4 Travel Stocks to Buy for the Great Outdoors appeared first on InvestorPlace.
(Bloomberg Opinion) -- It happened again! Just as in 1990, 2000 and 2007, a decline in recreational-vehicle shipments preceded a recession.Of course, unless you believe that RV dealers knew back in summer 2018 (when the shipment decline began) that a new coronavirus would emerge from China a year and a half later and bring the global economy to a standstill, there’s no plausible connection between the RV swoon and the recession that started in March.(2) As with the warning signal supposedly flashed by last year’s inverted yield curve, RV shipments will look like they again passed muster as a recession indicator, but they didn’t really.The theory had been that, as big-ticket discretionary items, RVs were among the earliest warning signs of softening consumer demand. “They didn’t predict Covid, but I think they did a pretty good job forecasting the manufacturing quasi-recession we had in 2019,” emails Michael Hicks, an economics professor at Ball State University in Muncie, Indiana, who has been watching the industry’s ups and downs closely. “I just don’t think a manufacturing slowdown in 2019 was sufficient to drag the aggregate economy into recession.”So by late last year, RV shipments were rebounding and no recession was in sight. Then came the coronavirus, and a collapse.Now, the industry seems to be playing the unfamiliar role of early mover in a recovery. In April, the stocks of RV makers Thor Industries Inc. and Winnebago Industries Inc., parts-maker Patrick Industries Inc., and retailer Camping World Inc. began outperforming the small-cap Russell 2000 Index, to which all but industry leader Thor belong. Since Camping World’s chief executive officer declared in a May 7 earnings call that the first Friday, Saturday and Sunday in May had been “the biggest weekend in our company’s history, period end of story,” they’ve taken off.There have been lots more anecdotal reports of booming sales at RV dealers since then. (The company that tracks national sales via vehicle registrations, Statistical Surveys of Grand Rapids, Michigan, won’t have May totals for a few more weeks.) At a time when other modes of travel are still fraught with disease risk and other uncertainties, RVs present an attractive alternative. You can get out of the house and see the country without breathing a lot of shared indoor air.As a national economic signal this news is of limited value. The annual economic impact of the manufacturing, sales and use of RVs is about 0.5% of gross domestic product, according to an industry-commissioned study — not enough for its resurgence to matter much. If RV sales are up mainly because people don’t want to fly in airplanes or stay in hotels (or get on cruise ships, God forbid), the net economic effect could even be negative. Also, this resurgence remains as yet mostly hypothetical. The latest forecast for the RV Industry Association by University of Michigan economist Richard Curtin anticipates that 2020 shipments will be 21% lower than last year’s and 36% lower than in 2017.Still, RVs are fun, plus the industry’s fortunes do matter a lot to people in and around Elkhart, Indiana, home of leading RV manufacturers Thor and Forest River, a subsidiary of Berkshire Hathaway Inc., as well as Patrick and a lot of other parts suppliers. The unemployment rate in the Elkhart-Goshen metropolitan area (aka Elkhart County) had dropped from a high of 20% during the last recession to a low of 2.1% in April of 2017 and 2018. This year it leapt from 2.7% in March to 29.3% in April. May’s rate will presumably turn out to have been a bunch lower, although a recent rise in local Covid-19 cases may slow the return to work.The decline in RV shipments that began in 2018 was attributed by many in the industry to a simple production overshoot. Rising costs due to new tariffs on Chinese-made components also got some of the blame, and after I wrote about the slowdown last September I received several emails pointing to growing complaints about shoddy quality. Although I can’t really speak to the latter issue, I can attest that most of today’s RVs are pretty dumpy-looking.As a visit to the RV/MH Hall of Fame(1) in Elkhart makes clear, early motor homes and trailers could be quite stylish. Nowadays, apart from the iconic silver Airstream trailers made in Ohio by a Thor Industries subsidiary, and a few other renegades, they tend to be remarkably similar and uninspired in design and decoration, featuring boxy profiles and a lot of swoops painted on the sides. Covid-19 is giving the RV industry an opportunity to reach out to new kinds of customers, but it may have to change its product offerings to keep them.(1) Mostmedia reporting on the National Bureau of Economic Research Business Cycle Dating Committee's determination that economic activity peaked in February interpreted this to mean that the recession started in February. I think it really means that the expansion ended in February and the recession started in March, but whatever.(2) The MH can stand for either motor home or manufactured home. And yes, it's open to visitors again. Please wear a mask.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Justin Fox is a Bloomberg Opinion columnist covering business. He was the editorial director of Harvard Business Review and wrote for Time, Fortune and American Banker. He is the author of “The Myth of the Rational Market.”For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Thor Industries (THO) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Thor Industries, Inc. (THO) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
Jer Goss, President of Goss RVs, joined Yahoo Finance's 'The Final Round' to discuss the spike in interest in RV travel over the past month as people start planning summer vacations.
Recreational vehicle (RV) maker Thor Industries (NYSE: THO) got off to a roaring start this week. On Monday, the company reported its latest quarterly figures that topped analyst estimates, despite recording notable declines in key line items. Like many companies, particularly in the industrial sector, Thor was negatively affected by the economic slowdown caused by the SARS-CoV-2 coronavirus -- after all, "stay in place" measures meant that few people traveled, while a squeeze on jobs and income made many think twice about buying expensive items.
Recreational vehicle maker Thor Industries, Inc. (NYSE: THO) is taking advantage of the "no more planes, no more hotels" trend playing out among those who would have otherwise never considered RV ownership, Thor CEO Robert Martin said Monday on CNBC's "Mad Money."What Happened: The RV is quickly earning a reputation of being the safest way to get from point A to point B given it has its own bed, bathroom, and kitchen and the only real reason to stop is to get gas, Martin said.The company has been marketing this sort of lifestyle for some time and is now gaining traction from people who don't want to go on a cruise or fly."It's a way for us to really just enjoy the United States and in Europe, it's the same thing," he said. "They are enjoying more of their homeland and we seem to fit the need right now."Why It's Important: The COVID-19 pandemic created a "hard stop" for Thor but now 99.5% of its workers returned at the Keystone factory, the CEO said. Encouragingly, the company is even looking to hire more people as the industry gets back online.RVs can also double as a potential income-generating home as people can retrofit their property to include a larger workspace, Martin said.Related Links:Cramer Touts Camping Stocks: 'The Perfect COVID Vacation'Recap: Thor Industries Q3 EarningsSee more from Benzinga * Consumers Demand More Savings As Food Prices Skyrocket * Tesla Bull Vs. Bear: Ron Baron And Paul Meeks * Early Readout From Texas Restaurants Are Mixed(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Have you bought your RV yet for the summer? Everyone is doing it, suggests Thor Industries CEO Bob Martin.
Thor Industries CEO & President Bob Martin joins Yahoo Finance’s Alexis Christoforous and Brian Sozzi to discuss the company’s latest earnings report, and summer 2020 RV outlook.
The Zacks Analyst Blog Highlights: Winnebago Industries, Camping World, Thor Industries and REV Group
Thor's business model allows them to lever up and down production as demand dictates while still remaining profitable.
Shares of Thor Industries (NYSE: THO) closed 11.1% higher on Monday, after the RV maker reported estimate-thumping earnings earlier in the day. Expected by analysts to report a $0.26-per-share loss on sales of $1.68 billion, Thor matched the sales prediction to the penny -- but beat earnings with a stick, delivering $0.43 per share to the bottom line. Sales for the fiscal third quarter 2020 declined 33% year over year, and profits were down 27%.
Thor earnings fell sharply, but defied views for a loss amid factory shutdowns. The RV maker is bullish on demand.