Baird cuts target for Thor Industries stock to USD 80.00

Published on 10/05/2026 at 13:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal 2026 revenue rose 0.30 percent to USD 9.61 billion. Thor Industries stock costs EUR 62.03 on October 5, 2026 versus EUR 61.83, plus 0.32 percent.

THO, US8851601018, Illustration mit AI erstellt.

Thor Industries (US8851601018) faces a lower analyst valuation after Robert W. Baird cut its price target from USD 90.00 to USD 80.00 on September 23, 2026, while keeping a neutral rating, according to MarketBeat. Thor Industries stock was at EUR 62.03 at Lang & Schwarz on October 5, 2026 at 1:34 p.m. CEST, plus 0.32 percent versus the EUR 61.83 prior close from October 2, 2026.

Analyst target falls to USD 80.00

The Baird change followed Thor's fiscal 2026 fourth-quarter results, which showed a sharp split between revenue resilience and profitability pressure. The firm reported diluted earnings per share of USD 0.78 for the quarter ended July 31, 2026, below the USD 0.88 consensus cited by MarketBeat, while quarterly revenue reached USD 2.31 billion and declined 8.40 percent from the prior-year quarter.

MarketBeat also reported a broader Hold consensus from 14 analysts on September 30, 2026, with 11 Hold ratings and three Buy ratings and an average 12-month target of USD 84.89. The latest Baird target is USD 22.86 above the Lang & Schwarz euro price only as a nominal cross-currency comparison and is therefore not used as a percentage valuation measure.

Revenue holds while margins contract

According to Thor Industries on September 22, 2026, fiscal 2026 net sales rose 0.30 percent to USD 9.61 billion. Net income attributable to Thor fell 31.33 percent to USD 177.5 million, and the fiscal-year operating margin was 1.82 percent based on the reported operating result and revenue.

The fourth-quarter gross profit margin contracted to 12.40 percent from 14.70 percent in the prior-year quarter. North American Towable revenue fell 22.70 percent to USD 687.3 million, while European RV revenue increased 5.00 percent to USD 969.2 million, showing where the business has retained relative strength.

Management said fiscal 2027 retail conditions were expected to remain relatively flat against fiscal 2026 and delayed formal guidance until after industry events in September. The company said strategic initiatives and restructuring could improve its earnings profile by more than USD 100.0 million annually once fully implemented, a figure that gives the new USD 80.00 target a clear operating test.

THOR stock stays near yearly low

Thor Industries stock was at EUR 62.03 at Lang & Schwarz on October 5, 2026 at 1:34 p.m. CEST, compared with the EUR 61.83 prior close on October 2, 2026. The reference price remains below the primary-exchange 52-week range stated in USD, so no cross-currency distance calculation is applied.