Skyline Champion Co. (NYSE:SKY) Receives $70.80 Consensus Target Price from Analysts

Shares of Skyline Champion Co. (NYSE:SKY) have received a consensus rating of “Hold” from the five ratings firms that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $70.80.

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

Skyline Champion Trading Up 1.2 %

Shares of NYSE SKY opened at $73.01 on Tuesday. Skyline Champion has a 1-year low of $52.12 and a 1-year high of $86.71. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.36 and a quick ratio of 1.54. The business’s 50 day moving average is $74.96 and its two-hundred day moving average is $75.55. The stock has a market capitalization of $4.22 billion, a P/E ratio of 28.74 and a beta of 1.60.

Skyline Champion (NYSE:SKY) last released its earnings results on Tuesday, May 21st. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate 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 business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.00 EPS. As a group, research analysts expect that Skyline Champion will post 2.76 EPS for the current year.

Insider Activity at Skyline Champion

In other Skyline Champion news, EVP Joseph A. Kimmell sold 10,042 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 47,262 shares in the company, valued at approximately $3,314,011.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 7.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its position in shares of Skyline Champion by 0.8% in the 4th quarter. Wellington Management Group LLP now owns 8,047,679 shares of the company’s stock worth $597,621,000 after purchasing an additional 62,748 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Skyline Champion by 6.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,310,969 shares of the company’s stock worth $97,356,000 after buying an additional 81,823 shares during the period. William Blair Investment Management LLC boosted its position in Skyline Champion by 19.1% during the 3rd quarter. William Blair Investment Management LLC now owns 1,112,034 shares of the company’s stock valued at $70,859,000 after acquiring an additional 178,099 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Skyline Champion by 0.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,058,324 shares of the company’s stock valued at $67,432,000 after acquiring an additional 7,855 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in shares of Skyline Champion by 15.0% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 808,487 shares of the company’s stock valued at $68,730,000 after acquiring an additional 105,330 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.