Report
David Whiston, CFA, CPA, CFE
EUR 147.86 For Business Accounts Only

Winnebago's brand equity remains strong as new leadership seeks to elevate the company.

Winnebago Industries reported a solid fiscal 2016 third quarter as the era of new CEO Mike Happe continues its journey following his hiring in January. We plan to increase our fair value estimate to about $22 to account for the time value of money component of our valuation model. Progress in the company’s strategic sourcing initiative resulted in lower raw material costs while a 12.4% increase in motor home deliveries year over year helped drive SG&A leverage. The company grew EPS by 23.3% ...
Underlying
Target Corporation

Target provides its customers everyday essentials and merchandise. The company sells an assortment of general merchandise and food. The majority of the company's general merchandise stores provide an edited food assortment, including perishables, dry grocery, dairy, and frozen items. The company's small format stores provide curated general merchandise and food assortments. The company's digital channels include merchandise assortment, including various items found in its stores, along with a complementary assortment. The company also sells merchandise through periodic design and partnerships. The company's owned brands merchandise include: A New Day?, Archer Farms?, Art Class?, Ava & Viv?, Cat & Jack?, and Cloud Island?, among others.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
David Whiston, CFA, CPA, CFE

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