Melvin Capital Management LP Has Cut Thor Inds INC (THO) Position by $18.75 Million

April 23, 2018 - By Richard Conner

Thor Industries, Inc. (NYSE:THO) LogoInvestors sentiment increased to 1.16 in Q4 2017. Its up 0.10, from 1.06 in 2017Q3. It increased, as 25 investors sold THO shares while 160 reduced holdings. 90 funds opened positions while 125 raised stakes. 43.13 million shares or 4.21% less from 45.03 million shares in 2017Q3 were reported. Dubuque Bancshares reported 3,247 shares stake. Jacobs Levy Equity Mgmt reported 0.23% in Thor Industries, Inc. (NYSE:THO). Ing Groep Nv has 0.02% invested in Thor Industries, Inc. (NYSE:THO). 11,314 are held by Ativo Capital Ltd Limited Liability Company. Bluestein R H & Comm reported 6,025 shares stake. Nuveen Asset Mngmt Ltd Company invested in 27,885 shares. Texas Permanent School Fund has invested 0.06% in Thor Industries, Inc. (NYSE:THO). Virtu Llc holds 0.03% or 3,932 shares. Somerset Tru stated it has 6,756 shares or 0.51% of all its holdings. Huntington Savings Bank invested in 0% or 837 shares. Advisory Service Networks Ltd Liability Co holds 137 shares. Columbia Prtnrs L L C Investment stated it has 0.43% of its portfolio in Thor Industries, Inc. (NYSE:THO). Services Automobile Association has 0.01% invested in Thor Industries, Inc. (NYSE:THO). State Board Of Administration Of Florida Retirement System invested in 0.02% or 60,899 shares. Adirondack Tru reported 20 shares.

Melvin Capital Management Lp decreased its stake in Thor Inds Inc (THO) by 14.71% based on its latest 2017Q4 regulatory filing with the SEC. Melvin Capital Management Lp sold 125,000 shares as the company’s stock declined 25.88% with the market. The institutional investor held 725,000 shares of the consumer non-durables company at the end of 2017Q4, valued at $109.27 million, down from 850,000 at the end of the previous reported quarter. Melvin Capital Management Lp who had been investing in Thor Inds Inc for a number of months, seems to be less bullish one the $5.35 billion market cap company. The stock decreased 0.07% or $0.07 during the last trading session, reaching $101.59. About 508,120 shares traded. Thor Industries, Inc. (NYSE:THO) has risen 15.62% since April 23, 2017 and is uptrending. It has outperformed by 4.07% the S&P500.

Melvin Capital Management Lp, which manages about $10.55 billion US Long portfolio, upped its stake in Royal Caribbean Cruises Ltd (NYSE:RCL) by 105,000 shares to 355,000 shares, valued at $42.34M in 2017Q4, according to the filing. It also increased its holding in Electronic Arts Inc (Call) (NASDAQ:EA) by 9.10 million shares in the quarter, for a total of 9.30 million shares, and has risen its stake in Restaurant Brands Intl Inc.

Analysts await Thor Industries, Inc. (NYSE:THO) to report earnings on June, 4. They expect $2.73 earnings per share, up 29.38 % or $0.62 from last year’s $2.11 per share. THO’s profit will be $143.85 million for 9.30 P/E if the $2.73 EPS becomes a reality. After $1.92 actual earnings per share reported by Thor Industries, Inc. for the previous quarter, Wall Street now forecasts 42.19 % EPS growth.

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

Among 7 analysts covering Thor Industries (NYSE:THO), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Thor Industries had 12 analyst reports since October 30, 2017 according to SRatingsIntel. The stock of Thor Industries, Inc. (NYSE:THO) earned “Hold” rating by Northcoast on Thursday, January 25. The stock of Thor Industries, Inc. (NYSE:THO) has “Buy” rating given on Thursday, March 8 by Aegis Capital. On Tuesday, November 28 the stock rating was maintained by Stifel Nicolaus with “Hold”. The stock of Thor Industries, Inc. (NYSE:THO) earned “Hold” rating by Northcoast on Tuesday, February 27. Stifel Nicolaus maintained the shares of THO in report on Friday, December 22 with “Hold” rating. Robert W. Baird maintained Thor Industries, Inc. (NYSE:THO) on Monday, October 30 with “Buy” rating. Stifel Nicolaus maintained Thor Industries, Inc. (NYSE:THO) on Friday, February 9 with “Hold” rating. The stock of Thor Industries, Inc. (NYSE:THO) has “Hold” rating given on Thursday, March 8 by Stifel Nicolaus. Argus Research upgraded Thor Industries, Inc. (NYSE:THO) on Friday, March 16 to “Buy” rating. The firm has “Hold” rating by Argus Research given on Friday, December 8.

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

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