Loop Capital Raises Thor Industries Target to $96 as Q3 EPS Misses, Sales Beat
THO•Loop Capital lifted Thor Industries’ price target to $96 from $90, implying 26% upside, as Q3 EPS missed at $1.86 versus $1.88 and revenues of $2.78 billion beat estimates despite a 3.9% decline. Thor Industries repurchased $50.5 million shares, lowered full-year EPS outlook to $3.30–$3.80, kept net sales guidance at $9.0–$9.5 billion.
1. Price Target Increase
Loop Capital increased Thor Industries’ price target to $96 from $90, signaling a 26% potential gain. This adjustment reflects confidence in the RV maker’s long-term outlook despite recent market challenges.
2. Q3 Financial Results
Thor Industries reported Q3 EPS of $1.86, narrowly below the $1.88 expectation, while quarterly revenues reached $2.78 billion, exceeding forecasts despite a 3.9% year-over-year decline. The mixed results highlight both operational resilience and margin pressures.
3. Guidance Revision and Share Repurchase
In response to macroeconomic headwinds, Thor Industries repurchased $50.5 million of its shares and trimmed full-year EPS guidance to $3.30–$3.80. The company maintained its consolidated net sales forecast at $9.0–$9.5 billion, indicating stable revenue expectations amid industry softness.
