Skyline Champion Co. (NYSE:SKY) Receives $70.80 Consensus PT from Brokerages

Skyline Champion Co. (NYSE:SKY) has been assigned an average recommendation of “Hold” from the five ratings firms that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $70.80.

A number of research analysts have issued reports on the company. Wedbush reissued a “neutral” rating and set a $72.00 price objective on shares of Skyline Champion in a report on Wednesday, May 22nd. Barclays cut their price objective on Skyline Champion from $76.00 to $68.00 and set an “equal weight” rating for the company in a report on Wednesday, May 29th. Royal Bank of Canada lowered their target price on Skyline Champion from $73.00 to $68.00 and set a “sector perform” rating for the company in a research note on Thursday, May 23rd. Craig Hallum reduced their price target on shares of Skyline Champion from $88.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. Finally, StockNews.com downgraded shares of Skyline Champion from a “hold” rating to a “sell” rating in a research report on Thursday, May 23rd.

Skyline Champion Stock Up 2.0 %

Shares of SKY stock opened at $68.12 on Friday. The stock has a market cap of $3.94 billion, a P/E ratio of 26.82 and a beta of 1.57. Skyline Champion has a one year low of $52.12 and a one year high of $86.71. The stock has a fifty day moving average price of $72.48 and a 200 day moving average price of $75.58. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.36 and a quick ratio of 1.54.

Skyline Champion (NYSE:SKY) last issued its quarterly earnings data on Tuesday, May 21st. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). The company had revenue of $536.36 million for the quarter, compared to the consensus estimate of $560.90 million. Skyline Champion had a net margin of 7.24% and a return on equity of 13.32%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.00 earnings per share. Analysts predict that Skyline Champion will post 2.76 earnings per share for the current year.

Insider Buying and Selling at Skyline Champion

In other news, insider Timothy Mark Larson sold 3,500 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $71.98, for a total value of $251,930.00. Following the completion of the sale, the insider now directly owns 48,800 shares of the company’s stock, valued at approximately $3,512,624. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Joseph A. Kimmell sold 10,042 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $70.12, for a total transaction of $704,145.04. Following the completion of the sale, the executive vice president now directly owns 47,262 shares of the company’s stock, valued at approximately $3,314,011.44. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Timothy Mark Larson sold 3,500 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $71.98, for a total value of $251,930.00. Following the sale, the insider now directly owns 48,800 shares of the company’s stock, valued at $3,512,624. The disclosure for this sale can be found here. Corporate insiders own 6.90% of the company’s stock.

Hedge Funds Weigh In On Skyline Champion

A number of large investors have recently bought and sold shares of SKY. SummerHaven Investment Management LLC boosted its holdings in shares of Skyline Champion by 1.4% in the 4th quarter. SummerHaven Investment Management LLC now owns 10,909 shares of the company’s stock valued at $810,000 after buying an additional 150 shares during the last quarter. SkyView Investment Advisors LLC boosted its holdings in shares of Skyline Champion by 3.3% in the 3rd quarter. SkyView Investment Advisors LLC now owns 5,385 shares of the company’s stock valued at $343,000 after buying an additional 171 shares during the last quarter. Meritage Portfolio Management boosted its holdings in shares of Skyline Champion by 5.4% in the 4th quarter. Meritage Portfolio Management now owns 5,223 shares of the company’s stock valued at $388,000 after buying an additional 269 shares during the last quarter. Verdence Capital Advisors LLC boosted its holdings in shares of Skyline Champion by 14.8% in the 1st quarter. Verdence Capital Advisors LLC now owns 3,857 shares of the company’s stock valued at $328,000 after buying an additional 497 shares during the last quarter. Finally, Virtu Financial LLC boosted its holdings in shares of Skyline Champion by 16.1% in the 4th quarter. Virtu Financial LLC now owns 4,805 shares of the company’s stock valued at $357,000 after buying an additional 667 shares during the last quarter.

About Skyline Champion

Skyline Champion Corporation produces and sells factory-built housing in North America. The company offers manufactured and modular homes, park models RVs, accessory dwelling units, and modular buildings for the multi-family and hospitality sectors. It builds homes under the Skyline Homes, Champion Home Builders, Genesis Homes, Athens Park Models, Dutch Housing, Atlantic Homes, Excel Homes, Homes of Merit, New Era, Redman Homes, ScotBilt Homes, Shore Park, Silvercrest, and Titan Homes brands in the United States; and Moduline and SRI Homes brand names in western Canada.