Thor Industries Inc. (NYSE:THO) saw a downside of -2.51% to close Friday at $92.93 after subtracting -$2.39 on the day. The 5-day average trading volume is 609,320 shares of the company’s common stock. It has gained $98.10 in the past week and touched a new high 2 times within the past 5 days. An average of 532,515 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 545,172.
THO’s 1-month performance is -10.41% or -$12.63 on its low of $92.85 reached on 09/22/23. The company’s shares have touched a 52-week low of $67.09 and high of $116.31, with the stock’s rally to the 52-week high happening on 08/02/23. YTD, THO has achieved 23.10% or $17.44 and has reached a new high 20 times. However, the current price is down -20.10% from the 52-week high price.
Insider Transactions
THO stock investors last saw insider trading activity on Jul 18.JULIAN KENNETH D (SVP OF ADMIN AND HR) most recently sold 10,000 shares at $110.72 per share on Jul 18. This transaction cost the insider $1,107,218.
Valuation Metrics
THO stock has a beta of 1.86. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.41 while the price-to-book (PB) in the most recent quarter is 1.27, with the price to cash flow ratio at 8.19.
Thor Industries Inc.’s quick ratio for the period ended April 29 was 0.71, with the current ratio over the same period at 1.79. As well, the company’s long term debt to equity for the quarter ending April 29 was 0.43, while the total debt to equity was 0.45. In terms of profitability, the gross margin trailing 12 months is 16.18%. The firm’s gross profit as reported stood at $2.81 billion against revenue of $16.31 billion.
Earnings Surprise
For the quarterly period ending April 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -188.31% to $120.72 million, while revenue of $27.08 million was 77.57% off the previous quarter. Analysts expected THO to announce $1.06 per share in earnings in its latest quarter, but it posted $2.24, representing a 111.30% surprise. EBITDA for the quarter stood at more than $258.5 million. THO stock balance sheet for the quarter ending April 29 shows that total liabilities totaled 3.66 billion, with total debt at $1.71 billion. Shareholders hold equity totaling $53.31 million.
Let’s look briefly at Thor Industries Inc. (THO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 29.59% to suggest the stock is trending oversold, with historical volatility in this time period at 30.81%.
The stock’s 5-day moving average is $95.21, reflecting a -2.49% or -$2.37 change from its current price. THO is currently trading -6.93% above its 20-day SMA, +16.15% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -13.55% and SMA200 by+9.27%.
Stochastic %K and %D was 7.50% and 9.10% and the average true range (ATR) pointed at 2.65. The RSI (14) points at 32.89%, while the 14-day stochastic is at 0.56% with the period’s ATR at 2.67. The stock’s 9-day MACD Oscillator is pointing at -1.27 and -2.83 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Thor Industries Inc. (NYSE: THO), KeyBanc Capital Markets launched coverage with a Sector weight rating. Analysts offering their rating for THO stock have a consensus rating for the stock as Hold. Currently, 2 brokerage advisors rate THO as a “sell,”, while 7 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 2 have offered a “buy” rating.
What is THO’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $72.00 and a high of $115.00, with their median price target at $88.00. Looking at these predictions, the average price target given by analysts is for Thor Industries Inc. (THO) stock is $92.70.
