Analysts Set Skyline Champion Co. (NYSE:SKY) PT at $85.40

Skyline Champion Co. (NYSE:SKY) has earned a consensus rating of “Hold” from the five analysts that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $85.40.

A number of research analysts have recently issued reports on SKY shares. 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. Barclays raised their target price on shares of Skyline Champion from $85.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. StockNews.com raised Skyline Champion from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Craig Hallum raised their price target on Skyline Champion from $92.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group upped their price objective on Skyline Champion from $79.00 to $86.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th.

Skyline Champion Price Performance

Shares of Skyline Champion stock opened at $103.73 on Thursday. Skyline Champion has a 1-year low of $59.78 and a 1-year high of $107.26. The company has a market capitalization of $5.95 billion, a PE ratio of 40.05 and a beta of 1.59. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.42 and a quick ratio of 1.64. The business has a 50-day moving average of $95.27 and a 200-day moving average of $84.53.

Skyline Champion (NYSE:SKY) last released its earnings results on Monday, October 28th. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.32. Skyline Champion had a return on equity of 13.20% and a net margin of 6.42%. The company had revenue of $616.88 million for the quarter, compared to the consensus estimate of $600.52 million. During the same quarter last year, the business posted $0.82 EPS. Skyline Champion’s quarterly revenue was up 32.9% compared to the same quarter last year. As a group, equities analysts forecast that Skyline Champion will post 3.43 EPS for the current fiscal year.

Insiders Place Their Bets

In other Skyline Champion news, Director Mak Capital One Llc sold 40,000 shares of Skyline Champion stock in a transaction that occurred on 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 transaction, the director now owns 2,716,500 shares in the company, valued at approximately $241,415,355. The trade was a 1.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 6.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Skyline Champion

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Truvestments Capital LLC acquired a new stake in shares of Skyline Champion during the third quarter worth $32,000. Quarry LP acquired a new stake in Skyline Champion during the 3rd quarter worth about $67,000. nVerses Capital LLC purchased a new stake in Skyline Champion during the third quarter valued at about $76,000. Kessler Investment Group LLC boosted its holdings in shares of Skyline Champion by 41.0% in the second quarter. Kessler Investment Group LLC now owns 2,225 shares of the company’s stock worth $151,000 after buying an additional 647 shares during the period. Finally, Blue Trust Inc. raised its holdings in shares of Skyline Champion by 77,800.0% during the second quarter. Blue Trust Inc. now owns 3,116 shares of the company’s stock valued at $211,000 after acquiring an additional 3,112 shares during the period.

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.