Skyline Champion (NYSE:SKY) PT Raised to $99.00

Skyline Champion (NYSE:SKY) had its target price raised by equities researchers at Craig Hallum from $92.00 to $99.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Craig Hallum’s target price would suggest a potential upside of 9.93% from the company’s current price.

A number of other analysts also recently weighed in on SKY. Jefferies Financial Group upped their target price on shares of Skyline Champion from $79.00 to $86.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Wedbush reaffirmed a “neutral” rating and set a $64.00 price objective on shares of Skyline Champion in a research report on Wednesday, August 7th. Royal Bank of Canada boosted their target price on shares of Skyline Champion from $68.00 to $82.00 and gave the company a “sector perform” rating in a research note on Thursday, August 8th. StockNews.com upgraded shares of Skyline Champion from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, Barclays boosted their price target on Skyline Champion from $68.00 to $85.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $83.20.

Skyline Champion Trading Up 0.7 %

Shares of SKY stock traded up $0.62 during mid-day trading on Wednesday, reaching $90.06. The stock had a trading volume of 5,929 shares, compared to its average volume of 355,731. The company has a current ratio of 2.33, a quick ratio of 1.57 and a debt-to-equity ratio of 0.02. The stock’s 50-day moving average price is $92.55 and its two-hundred day moving average price is $81.36. The firm has a market capitalization of $5.19 billion, a PE ratio of 34.48 and a beta of 1.57. Skyline Champion has a 52-week low of $52.12 and a 52-week high of $101.39.

Skyline Champion (NYSE:SKY) last released its quarterly earnings results on Monday, October 28th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.32. Skyline Champion had a return on equity of 13.07% and a net margin of 6.45%. The business had revenue of $616.88 million during the quarter, compared to analyst estimates of $600.52 million. During the same quarter in the prior year, the company posted $0.82 EPS. Skyline Champion’s quarterly revenue was up 32.9% compared to the same quarter last year. Equities analysts expect that Skyline Champion will post 3.01 earnings per share for the current fiscal year.

Insider Activity at Skyline Champion

In related news, Director Mak Capital One Llc sold 80,000 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $90.16, for a total transaction of $7,212,800.00. Following the completion of the transaction, the director now owns 2,920,000 shares of the company’s stock, valued at $263,267,200. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Mak Capital One Llc sold 80,000 shares of Skyline Champion stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $90.16, for a total value of $7,212,800.00. Following the sale, the director now owns 2,920,000 shares in the company, valued at $263,267,200. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Erin Mulligan Nelson sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $83.18, for a total value of $83,180.00. Following the sale, the director now owns 5,170 shares of the company’s stock, valued at $430,040.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 163,636 shares of company stock valued at $14,582,253 in the last ninety days. Company insiders own 6.90% of the company’s stock.

Hedge Funds Weigh In On Skyline Champion

Hedge funds have recently modified their holdings of the business. SG Americas Securities LLC acquired a new position in shares of Skyline Champion in the 1st quarter valued at $791,000. Bessemer Group Inc. lifted its stake in shares of Skyline Champion by 7.0% in the 1st quarter. Bessemer Group Inc. now owns 156,782 shares of the company’s stock worth $13,328,000 after acquiring an additional 10,251 shares during the period. Seven Eight Capital LP purchased a new stake in Skyline Champion in the 1st quarter valued at approximately $728,000. Canada Pension Plan Investment Board lifted its holdings in Skyline Champion by 38.6% in the second quarter. Canada Pension Plan Investment Board now owns 42,700 shares of the company’s stock valued at $2,893,000 after acquiring an additional 11,900 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in Skyline Champion by 4.4% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 844,367 shares of the company’s stock worth $57,206,000 after buying an additional 35,880 shares in 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.