THO - Thor Industries, Inc.
| Previous Close | 53.88 |
| Open | 53.60 |
| Bid | 53.39 x 1000 |
| Ask | 53.46 x 800 |
| Day's Range | 52.65 - 53.89 |
| 52 Week Range | 42.05 - 107.50 |
| Volume | 700,002 |
| Avg. Volume | 826,817 |
| Market Cap | 2.944B |
| Beta (3Y Monthly) | 2.35 |
| PE Ratio (TTM) | 22.05 |
| EPS (TTM) | 2.42 |
| Earnings Date | Sep 30, 2019 |
| Forward Dividend & Yield | 1.56 (2.90%) |
| Ex-Dividend Date | 2019-06-28 |
| 1y Target Est | 64.78 |
- Zacks
Winnebago Boosts RV Portfolio With $344M Newmar Buyout
The Newmar buyout is likely to bolster Winnebago Industries' (WGO) product line and dealer network, and rev up the motor-home segment.
- Moody's
Thor Industries, Inc. -- Moody's downgrades Thor Industries ratings (CFR to Ba3); outlook negative
Concurrently, Moody's downgraded the rating on the senior secured term loan to Ba3 from Ba2. Thor's weakened earnings profile will result in a slower than expected pace of deleveraging that is against an increasingly uncertain economic environment involving sustained dealer inventory corrections and contractions in RV retail sales. The rating favorably considers Thor's strong competitive standing in North America and Europe, a portfolio of well-known brands, expectations of a very good liquidity profile and the company's broad RV offering that touches multiple price points and segments.
- InvestorPlace
7 Stocks to Buy Benefiting From Millennial Money
Millennials are one of the largest generations in history, and yet they continue to get a bad rap for either being fiscally irresponsible or for failing to keep certain industries alive as their parents did. However, according to CB Insights, Generation Y are expected to receive $30 trillion in wealth over the next couple of decades, and this transfer of wealth is going to transform many industries that will benefit from their increased spending power. While many tend to point to millennials' focus on experiences, it's also true that they like many of the same things that baby boomers and Gen X's before them do. InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe companies that will win in the next 10-20 years are those that reprioritize around Generation Y. By embracing new technology to provide affordable products in a customized manner, companies can benefit from the spending habits of millennials. * 10 Battered Tech Stocks to Buy Now CB Insights has identified 12 industries that should benefit from Gen Y. Here are seven stocks to buy from seven of those industries identified as winners. Camping Stocks, Thor Industries (THO)Source: Shutterstock Millennials are driving the growth in camping, literally and figuratively. In 2018, almost 80 million Americans went camping, many of them millennials. "Last year, 56% of all new campers were millennials (up from 51% in 2017), and 41% of total reported campers were millennials," CB Insights report on millennials stated. "Part of millennials' enthusiasm for camping springs from the fact that many of them are entering their prime spending years and starting families of their own."Millennials are looking for relatively inexpensive forms of relaxation. Many are opting for recreational vehicles rather than good old fashioned camping in a tent. One company that continues to benefit from the millennials attraction to camping is Thor Industries (NYSE:THO), who manufactures trailers and motor coaches under many different brand names including Air Stream, the classic silver trailer that Americans know and love. In 2018, RV shipments were 483,672, the second-largest number since the Recreational Vehicle Industry Association's been tracking sales. Only 2017 was better. To meet the demand of younger campers, Airstream offers the Nest, a compact trailer that costs just $46,000 to buy, making the open road a more cost-effective alternative to buying a cabin or staying at a five-year hotel on every vacation. Stocks to Buy: Fitness Stocks, Lululemon (LULU)Source: Richard Frazier / Shutterstock.com You can call millennials a lot of things but don't call them lazy. According to CB Insights' report, 76% of millennials exercise at least once a week, more than Gen Xers at 70% and boomers at 64%. Millennials are dropping close to $7 billion each year on gym memberships, double what Gen Xers and boomers do. Naturally, you'd think I'd recommend a fitness club chain such as Planet Fitness (NYSE:PLNT), whose stock's done well since going public in 2015. However, the capital requirements of fitness facilities make them terrible investments when the economy sours. So, I'd rather bet on a company like Lululemon (NASDAQ:LULU), that's making sure millennials not only are dressed to perform while exercising, but they look good doing it. Lululemon reported Q2 2019 results September 5 that were off-the-charts good. "Exceptional" 2Q results further demonstrate that Lulu is the "premiere retailer in our (and likely any) coverage universe and is deserved of a premium valuation," wrote Susquehanna analyst Sam Poser. "Best-in-class" execution and customer engagement, including a new loyalty program which has so far only launched in four North American cities, and innovative product offerings should continue to drive "top-tier results." * 10 Healthcare Stocks to Buy Despite the Headlines With the company expecting double-digit earnings gains each year until at least 2023, the sky is the limit for LULU stock. Travel Stocks, Booking Holdings (BKNG)Source: Shutterstock While it can be stereotyping to say all millennials thrive on experiences rather than buying stuff, they do indeed like to travel. "An Airbnb study from 2016 showed that many millennials prioritize saving for their next trip over paying off debts or saving to purchase their first home," CB Insights report stated. "Another found that 21% of millennials would accept a lower salary if it meant they could travel more frequently." However, just because they want to travel, doesn't mean they want to do it in the same manner as their parents. Therefore, for travel companies to be successful, they've got to provide a combination of unique experiences, budget prices, and excellent customer service; three things that aren't easy to deliver.Booking Holdings (NASDAQ:BKNG), which used to be known as Priceline, increased its roster of available homes and apartments on its Booking.com website in 2018 by 47% to 1.75 million. At the same time, Booking.com's hotel portfolio increased by just 10% to 436,000. The push toward a pre-pay business model where alternative accommodations are paid for ahead of time as opposed to at the time of hotel stay, is in large part being driven by the millennials desire to stay somewhere more authentic or local.While it makes Booking's business a little trickier, it's the wave of the future, and much better for cash flow. Fast Casual Dining, Shake Shack (SHAK)Source: JHENG YAO / Shutterstock.com If you want to please millennials and you operate in the restaurant industry, you've got to be fast because Gen Y is always on the go. According to the CB Insights report, 40% of millennials eat on the go, significantly higher than either Gen Xers at 26% and boomers at 19%. Not only that, but millennials want a good deal with that tasty burger to go. One of the biggest trends in the restaurant industry at the moment is plant-based meat, also known as Meat 2.0. Shake Shack (NYSE:SHAK), whose stock is up 114% year to date through September 10, is one of the fast-casual dining establishments to jump on meatless burgers. It's sold the Shroom Burger for years, a fried portobello mushroom stuffed with cheese and served on a bun. That said, it still hasn't embraced the Beyond Meat (NASDAQ:BYND) movement as other concepts have. But it's working on it. "I think we're going to keep an eye on that, but the meat substitute is not as interesting to us right now," Shake Shack CMO Jay Livingston told Ad Age in August. "We're really interested in creating, like a veggie experience that people are super excited about. We're kind of figuring out what that might look like right now.Business is good at Shake Shack. * 10 Stocks to Sell in Market-Cursed September It is the 90th largest restaurant chain in the U.S. Its same-store sales rose 3.6% in the second quarter with overall revenues growing by 31% due to more store openings. It plans to open as many as 60 locations in 2019, which should help keep SHAK stock moving higher in 2020. Coffee Stocks, Starbucks (SBUX)Source: monticello / Shutterstock.com On the one hand, the fact that millennials love coffee is excellent news for Starbucks (Nasdaq:SBUX), whose U.S. stores had seen several quarters of slower than average same-store sales growth before breaking out in the third quarter with a 7% increase in U.S. comps. On the other hand, millennials are predisposed to try boutique coffee roasters, which Starbucks is not. To make matters worse, Starbucks released revised 2020 guidance September 4, that suggests its earnings growth next year won't meet its "ongoing growth model of 10%."However, much of the slowdown has to do with one-time tax benefits in 2019. The company itself continues to do just fine. "I would say that we're firing on all cylinders from an operating performance perspective with the focus and discipline necessary to drive growth at scale for a company like Starbucks and our long-term double-digit EPS growth model is fully intact," CFO Pat Grismer stated recently while speaking at the Goldman Sachs' Global Retailing Conference. Furthermore, as a result of its stock generating a year to date total return of 42% through September 10, Starbucks has made $2 billion in share repurchases this fiscal year instead of next year so that it can deliver on its promise of share repurchases delivering 2% EPS growth in 2019. While SBUX stock might get knocked around from time to time, it's operationally one of the best companies in America. Oh, and millennials love their cold drinks. Frozen Foods, Kellogg (K)Source: DenisMArt / Shutterstock.com The global frozen food market is projected to grow to $290 billion by 2021. Two stats suggest that millennials are driving a frozen food renaissance: First, millennials spent 9% more on frozen foods per trip to the grocery store in 2017 than other demographics. Furthermore, frozen food sales in the U.S. in 2018 grew for the first time in five years, thanks in large part to millennials. Frozen foods meet the millennials desire to eat healthy, fast, and relatively inexpensively. One company that's benefiting from the resurgence in both frozen foods and plant-based meats is Kellogg (NYSE:K), the company better known for Special K and Frosted Flakes. However, between its Eggo and Morningstar Farms brands, Kellogg's managed to increase frozen sales by 3.2% in the second quarter ended June 29, only 50 basis points less than its snacks division, which counts Pringles and Pop-Tarts amongst its brands. On September 4, the company introduced Incogmeato by MorningStar brands, a portfolio of products that are both ready-to-cook and frozen including a plant-based burger and Chik'n tenders and nuggets. "We know that about three-fourths of Americans are open to plant-based eating, yet only 1 in 4 actually purchase a plant-based alternative," said Sara Young, General Manager, MorningStar Farms, Plant-Based Proteins. "We know the number one barrier to trying plant-based protein is taste. These consumers are still seeking the amazing taste, texture, and sizzling qualities of meat but want a better alternative for themselves and the planet." * Take Buffett's Advice: 5 Vanguard Funds to Buy They're expected to be available early in 2020. Personal Finance Stocks, Intuit (INTU)Source: dennizn / Shutterstock.com Millennials have the highest student loan debt of any previous generation. Combine this with the fact the cost of living is rising faster than it has in the past decade, and it's no wonder millennials are willing to try personal finance apps that help them save money that they can use to pay down debt."One of the most popular verticals for personal finance tech is banking. In one survey, 71% of millennials said that they would rather go to the dentist than listen to what a bank has to tell them -- a sentiment driven largely by poor customer service and poor technological integration," stated the CB Insights report on millennials.However, rather than recommend a bank that uses technology, I'm going to suggest Intuit (NASDAQ:INTU), the granddaddy of fintech companies. Most investors are probably familiar with Intuit's main products: QuickBooks and TurboTax. The former focused on small businesses and the latter on taxpayers of all sizes. In fiscal 2019, it generated $2.2 billion in free cash flow from $6.8 billion in revenue. I love companies that grow their free cash flow each year by double digits. Intuit does this by investing in R&D. In fiscal 2019, it spent $1.2 billion on new products and innovation, approximately 18% of its annual revenue. It plans to spend most of this money improving its existing products. One free Intuit product that millennials use quite frequently is Mint, and while other apps get higher ratings, the fact that a $69 billion company develops it ought to be comforting to most.Long term you can't go wrong with INTU.At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Battered Tech Stocks to Buy Now * 7 Strong-Buy Stocks Hedge Funds Are Buying Now * The 7 Best Penny Stocks to Buy The post 7 Stocks to Buy Benefiting From Millennial Money appeared first on InvestorPlace.
- PR Newswire
Thor Industries Announces Date For Its Fiscal Fourth Quarter Of 2019 Earnings Release
ELKHART, Ind., Sept. 9, 2019 /PRNewswire/ -- Thor Industries, Inc. (THO) today announced that the date for its fiscal fourth quarter earnings release will be on Monday, September 30, 2019, before the market opens. Upon the release of Thor's earnings, the Company will concurrently provide a comprehensive question and answer document, and a slide presentation on the Company's website. For more information on the Company and its products, please go to www.thorindustries.com.
- Simply Wall St.
Is Now The Time To Look At Buying Thor Industries, Inc. (NYSE:THO)?
Thor Industries, Inc. (NYSE:THO), which is in the auto business, and is based in United States, received a lot of...
- GuruFocus.com
5 Guru Stocks With Predictable Businesses
Thor Industries makes the list Continue reading...
- PR Newswire
THOR Industries Announces National Forest Foundation Multi-Year Partnership
RV industry leader pledges a multi-million-dollar gift to help Americans experience the outdoors ELKHART, Ind. , Aug. 29, 2019 /PRNewswire/ -- For nearly 40 years, THOR Industries, Inc. (NYSE: THO) has ...
- Zacks
3 RV Stocks to Buy Amid Recession Worries
The RV industry took a massive hit during the 2008 recession, but has recovered significantly since then. From the beginning of 2012 to the start of 2018, an index of the industry has jumped an astounding 460%.
- Yahoo Finance
Recession warning: RV sales hit the skids
Forget the bond market, some economists are looking to the RV market for signs of an impending recession.
- Simply Wall St.
Should You Take Comfort From Insider Transactions At Thor Industries, Inc. (NYSE:THO)?
It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...
- Simply Wall St.
Should You Be Tempted To Sell Thor Industries, Inc. (NYSE:THO) Because Of Its P/E Ratio?
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
- PR Newswire
Thor Announces Andy Graves as New Independent Chairman of its Board of Directors
ELKHART, Ind., July 29, 2019 /PRNewswire/ -- Thor Industries, Inc. (THO) announced today that Andy Graves will assume the position of Chairman of the Board effective August 1, 2019. Mr. Graves will be the Company's first independent Chairman. Mr. Graves' most recently served as President and CEO of privately held Motorsport Aftermarket Group (MAG) for four years, where he broadened his consumer durables experience beyond the recreational boat market and into the powersports marketplace. Additionally, MAG's distribution and e-commerce businesses, as well as the company's brand portfolio of leading aftermarket accessory products, focused beyond new unit sales and into aftermarket sales and service. These industries have significant parallels to the RV industry, allowing Andy to offer unique insights to the Thor leadership team. He is adept at managing decentralized businesses, and has a track record of maintaining a strong brand and distinct cultural focus while also capturing value from working across businesses to leverage scale advantages. Andy retired as a full time CEO in August 2018. He currently serves on the board of privately held S2 Yachts, and provides consulting and advisory services on a contract basis.
- PR Newswire
Renee Jones To Lead Marketing For THOR Industries
ELKHART, Ind., July 17, 2019 /PRNewswire/ -- THOR Industries, Inc. (THO) today announced that it has named Renee Jones as Senior Director of Marketing, responsible for all of THOR's strategic marketing efforts, including brand development, creative, public relations, social and other key digital marketing and innovation initiatives. Jones will report to Bob Martin, THOR's President and CEO, and will continue to develop THOR's marketing strategies while supporting the marketing efforts of its subsidiaries. Jones brings a unique set of talents and experience that position her for success in this leadership role. She has extensive global consumer marketing experience as well as a thorough understanding and proven results in the complex RV market, which requires B2B and B2C strategies to address the overlapping demands of consumers, brands and dealers. A native of Elkhart, Jones returned to the area in 2014 to lead Jayco's strategic marketing agency after working in a variety of markets across the country.
- Simply Wall St.
What You Must Know About Thor Industries, Inc.'s (NYSE:THO) Beta Value
If you're interested in Thor Industries, Inc. (NYSE:THO), then you might want to consider its beta (a measure of share...
- PR Newswire
Peter Orthwein To Step Down As Executive Chairman And Assume Role Of Chairman Emeritus At Thor Industries
ELKHART, Ind., July 15, 2019 /PRNewswire/ -- Thor Industries, Inc. (THO) announced today that as part of the Board of Directors' strategic succession plan, Peter Orthwein, Thor Industries' co-founder and Executive Chairman, has informed the Board of Directors that he will step down as Executive Chairman effective at the Company's Fiscal Year end, July 31, 2019. As part of the transition, the Board of Directors has named Mr. Orthwein Chairman Emeritus effective as of the date of his transition from Executive Chairman.
- GuruFocus.com
Weekly Top Insider Buys Highlight for the Week of July 12
The largest Insider Buys this week were for Thor Industries Inc. (THO), Sinclair Broadcast Group Inc. (SBGI), OPKO Health Inc. (OPK), and Perspecta Inc. (PRSP). Continue reading...
- Simply Wall St.
Should We Be Cautious About Thor Industries, Inc.'s (NYSE:THO) ROE Of 6.3%?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
- Simply Wall St.
Are Thor Industries, Inc.'s (NYSE:THO) Interest Costs Too High?
Investors are always looking for growth in small-cap stocks like Thor Industries, Inc. (NYSE:THO), with a market cap...
- TheStreet.com
Thor Industries Makes for a Cheaply Priced World Leader
The globe's largest maker of motorhomes sits at a decidedly discounted level based on historical norms and what's likely ahead in the way of earnings.
- Motley Fool
How Winnebago Is Riding on the Strength of Its Acquisitions
The recreational vehicle stalwart diversified at the right time.
- Motley Fool
Mattel Fights Another Day
For better or worse, the struggling toy company rebuffed yet another advance from a would-be buyer.
- Insider Monkey
Here’s What Hedge Funds Think About Thor Industries, Inc. (THO)
Before we spend countless hours researching a company, we'd like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors' consensus returns have been exceptional. In the following paragraphs, we find out […]
- PR Newswire
THOR Industries Announces New Vice President of International Supply Chain Integration
Troy James, Senior Vice President of International Operations, announced the addition of Chris Workman as Vice President of International Supply Chain Operations, effective today. Workman, who will relocate to the Thor corporate headquarters in Elkhart, IN, most recently was Senior Director of Supply Chain Operations for Baxter International. Prior to that, he held multiple senior supply chain management roles with Terex Corporation including assignments in Germany, Switzerland, Italy and China. Workman earned his undergraduate degree from Southern Illinois University and MBA from Michigan State University.
- Motley Fool
Winnebago Stalls in the Third Quarter
The company announced a second consecutive quarter of reduced sales this week.
