Skyline Champion Co. (NYSE:SKY) Receives Average Recommendation of “Hold” from Brokerages

Shares of Skyline Champion Co. (NYSE:SKY) have been assigned an average recommendation of “Hold” from the five analysts that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $80.20.

SKY has been the subject of a number of analyst reports. Wedbush restated a “neutral” rating and issued a $64.00 price target on shares of Skyline Champion in a research report on Wednesday, August 7th. StockNews.com upgraded shares of Skyline Champion from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Barclays upped their price target on shares of Skyline Champion from $68.00 to $85.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. Royal Bank of Canada boosted their target price on Skyline Champion from $68.00 to $82.00 and gave the company a “sector perform” rating in a research report on Thursday, August 8th. Finally, Jefferies Financial Group increased their price target on Skyline Champion from $79.00 to $86.00 and gave the stock a “hold” rating in a report on Wednesday.

Skyline Champion Price Performance

Shares of Skyline Champion stock traded up $0.17 during trading hours on Wednesday, reaching $94.59. The company’s stock had a trading volume of 400,306 shares, compared to its average volume of 354,971. The firm has a 50 day moving average price of $89.39 and a 200-day moving average price of $80.09. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.33 and a quick ratio of 1.57. The stock has a market cap of $5.45 billion, a P/E ratio of 37.24 and a beta of 1.57. Skyline Champion has a one year low of $52.12 and a one year high of $97.22.

Skyline Champion (NYSE:SKY) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.22. The business had revenue of $627.80 million for the quarter, compared to the consensus estimate of $600.39 million. Skyline Champion had a return on equity of 13.07% and a net margin of 6.45%. The company’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.89 earnings per share. On average, analysts predict that Skyline Champion will post 3.01 EPS for the current year.

Insider Transactions at Skyline Champion

In other news, Director Michael B. Berman sold 3,496 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $82.34, for a total transaction of $287,860.64. Following the transaction, the director now owns 8,099 shares of the company’s stock, valued at approximately $666,871.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Michael B. Berman sold 3,496 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $82.34, for a total value of $287,860.64. Following the completion of the transaction, the director now directly owns 8,099 shares of the company’s stock, valued at approximately $666,871.66. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mak Capital One Llc sold 40,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $88.87, for a total value of $3,554,800.00. Following the sale, the director now directly owns 2,716,500 shares in the company, valued at approximately $241,415,355. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 163,636 shares of company stock valued at $14,582,253. 6.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SKY. CWM LLC boosted its stake in Skyline Champion by 7.4% in the third quarter. CWM LLC now owns 2,286 shares of the company’s stock valued at $217,000 after acquiring an additional 158 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Skyline Champion by 86.4% during the 3rd quarter. SG Americas Securities LLC now owns 12,903 shares of the company’s stock valued at $1,224,000 after purchasing an additional 5,979 shares during the last quarter. Aristides Capital LLC acquired a new stake in shares of Skyline Champion in the 2nd quarter worth $339,000. Algert Global LLC purchased a new position in Skyline Champion during the 2nd quarter worth $374,000. Finally, Scientech Research LLC purchased a new stake in shares of Skyline Champion during the second quarter worth about $539,000.

Skyline Champion Company Profile

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.