Skyline Champion (NYSE:SKY) PT Raised to $86.00 at Jefferies Financial Group

Skyline Champion (NYSE:SKY) had its price objective upped by stock analysts at Jefferies Financial Group from $79.00 to $86.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s price objective indicates a potential downside of 9.13% from the company’s current price.

A number of other equities research analysts have also weighed in on SKY. StockNews.com raised shares of Skyline Champion from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Royal Bank of Canada boosted their price target on Skyline Champion from $68.00 to $82.00 and gave the company a “sector perform” rating in a research note on Thursday, August 8th. Wedbush restated a “neutral” rating and issued a $64.00 price objective on shares of Skyline Champion in a research note on Wednesday, August 7th. Finally, Barclays upped their target price on Skyline Champion from $68.00 to $85.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $80.20.

Skyline Champion Stock Up 0.2 %

Skyline Champion stock traded up $0.22 during midday trading on Wednesday, reaching $94.64. The company’s stock had a trading volume of 400,306 shares, compared to its average volume of 354,971. 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 capitalization of $5.45 billion, a P/E ratio of 37.26 and a beta of 1.57. The stock’s 50-day simple moving average is $89.39 and its 200-day simple moving average is $80.09. Skyline Champion has a 52-week low of $52.12 and a 52-week high of $97.22.

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

Insider Transactions at Skyline Champion

In other Skyline Champion news, Director Michael B. Berman sold 3,496 shares of the business’s stock in a transaction that occurred 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Mak Capital One Llc sold 40,000 shares of Skyline Champion stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $88.87, for a total value of $3,554,800.00. Following the completion of the transaction, the director now owns 2,716,500 shares in the company, valued at $241,415,355. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael B. Berman sold 3,496 shares of the stock in a transaction that occurred 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 transaction, the director now owns 8,099 shares in the company, valued at $666,871.66. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 163,636 shares of company stock worth $14,582,253 over the last quarter. 6.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SKY. Argent Capital Management LLC raised its position in Skyline Champion by 11.0% during the fourth quarter. Argent Capital Management LLC now owns 8,459 shares of the company’s stock worth $628,000 after acquiring an additional 836 shares during the period. Chilton Investment Co. Inc. raised its position in shares of Skyline Champion by 7.0% during the 4th quarter. Chilton Investment Co. Inc. now owns 189,697 shares of the company’s stock worth $14,087,000 after purchasing an additional 12,491 shares during the last quarter. Virtu Financial LLC lifted its stake in 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 in the last quarter. Goldman Sachs Group Inc. increased its stake in Skyline Champion by 9.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 225,410 shares of the company’s stock worth $16,739,000 after buying an additional 19,438 shares in the last quarter. Finally, Congress Asset Management Co. MA raised its holdings in shares of Skyline Champion by 14.6% during the fourth quarter. Congress Asset Management Co. MA now owns 497,594 shares of the company’s stock valued at $36,951,000 after acquiring an additional 63,578 shares during the last quarter.

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.