Thor Industries, Inc. (THO) Forms Bearish Double Bottom; Strong Momentum for Sellers

September 16, 2018 - By Tina Thibodeau

Thor Industries, Inc. (NYSE:THO) Logo

Investors sentiment increased to 1.09 in Q2 2018. Its up 0.13, from 0.96 in 2018Q1. It improved, as 68 investors sold Thor Industries, Inc. shares while 118 reduced holdings. 70 funds opened positions while 132 raised stakes. 44.32 million shares or 1.93% less from 45.19 million shares in 2018Q1 were reported.
Amalgamated National Bank & Trust invested in 0.03% or 11,840 shares. Alpine Woods Capital Invsts Ltd Liability invested in 0.25% or 12,000 shares. Smithfield Tru Company holds 1,936 shares or 0.02% of its portfolio. Teachers Retirement Of The State Of Kentucky stated it has 0.01% in Thor Industries, Inc. (NYSE:THO). Chilton Co Limited Com holds 2.36% or 691,036 shares. Northern Cap Mngmt Limited Liability reported 12,330 shares or 0.29% of all its holdings. Macquarie holds 10,160 shares. Hall Laurie J Trustee, a Massachusetts-based fund reported 190 shares. Ameritas Incorporated holds 0.07% of its portfolio in Thor Industries, Inc. (NYSE:THO) for 14,654 shares. Fmr Limited Company has invested 0% in Thor Industries, Inc. (NYSE:THO). Telemus Capital Ltd Liability Com stated it has 0.42% in Thor Industries, Inc. (NYSE:THO). Morgan Dempsey Cap Limited Liability Corporation invested 0.2% in Thor Industries, Inc. (NYSE:THO). Moreover, Art Advsr Ltd has 0.08% invested in Thor Industries, Inc. (NYSE:THO). Asset One reported 0% stake. Huntington National Bank & Trust invested in 150 shares or 0% of the stock.

The chart of Thor Industries, Inc. (THO) shows a double bottom with $90.95 target or 8.00 % below today’s $98.86 share price. The 9 months chart pattern indicates high risk for the $5.21B company. It was reported on Sep, 16 by Finviz.com. If the $90.95 price target is reached, the company will be worth $416.72M less. Double bottoms are rare but powerful chart patterns.

The stock increased 4.48% or $4.24 during the last trading session, reaching $98.86. About 1.26M shares traded or 44.98% up from the average. Thor Industries, Inc. (NYSE:THO) has declined 14.37% since September 16, 2017 and is downtrending. It has underperformed by 29.99% the S&P500.

Analysts await Thor Industries, Inc. (NYSE:THO) to report earnings on September, 20 before the open. They expect $1.93 EPS, down 14.60 % or $0.33 from last year’s $2.26 per share. THO’s profit will be $101.69 million for 12.81 P/E if the $1.93 EPS becomes a reality. After $2.53 actual EPS reported by Thor Industries, Inc. for the previous quarter, Wall Street now forecasts -23.72 % negative EPS growth.

Thor Industries, Inc. (NYSE:THO) Ratings Coverage

Among 5 analysts covering Thor Industries (NYSE:THO), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Thor Industries had 6 analyst reports since May 1, 2018 according to SRatingsIntel. The firm has “Hold” rating by Stifel Nicolaus given on Monday, May 7. The firm earned “Buy” rating on Thursday, June 21 by Citigroup. The stock of Thor Industries, Inc. (NYSE:THO) earned “Buy” rating by Sidoti on Friday, August 10. As per Tuesday, May 1, the company rating was upgraded by BMO Capital Markets.

More recent Thor Industries, Inc. (NYSE:THO) news were published by: Fool.com which released: “3 Things to Watch in the Stock Market This Week” on September 16, 2018. Also Fool.com published the news titled: “3 Stocks to Hold for the Next 20 Years” on September 06, 2018. Benzinga.com‘s news article titled: “Barron’s Picks And Pans: Alibaba, Tesla, Viacom, More” with publication date: September 09, 2018 was also an interesting one.

Thor Industries, Inc., through its subsidiaries, designs, makes, and sells recreational vehicles, and related parts and accessories primarily in the United States and Canada. The company has market cap of $5.21 billion. It operates through Towable Recreational Vehicles and Motorized Recreational Vehicles divisions. It has a 11.33 P/E ratio. The firm offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, and Basecamp trade names, as well as Interstate series of Class B motorhomes; gasoline and diesel Class A and Class C motorhomes under the Four Winds, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, A.C.E., Alante, Precept, Greyhawk, and Redhawk trade names; and luxury Class A motorhomes under Insignia, Aspire, Anthem, and Cornerstone trade names.

Thor Industries, Inc. (NYSE:THO) Institutional Positions Chart

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