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

Shares of Skyline Champion Co. (NYSE:SKY) have received a consensus recommendation of “Hold” from the five brokerages that are currently covering the firm, 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 twelve-month price objective among analysts that have issued ratings on the stock in the last year is $85.40.

Several equities analysts have weighed in on SKY shares. Wedbush reissued a “neutral” rating and set a $64.00 price objective on shares of Skyline Champion in a report on Wednesday, August 7th. Barclays lifted their price objective on 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 shares of Skyline Champion from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Royal Bank of Canada increased their target price on shares of Skyline Champion from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group upped their price target on shares of Skyline Champion from $79.00 to $86.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th.

Skyline Champion Trading Up 0.3 %

Shares of Skyline Champion stock opened at $103.73 on Thursday. The stock has a fifty day moving average price of $94.89 and a 200-day moving average price of $84.19. 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 firm has a market cap of $5.95 billion, a PE ratio of 40.05 and a beta of 1.59. Skyline Champion has a 1 year low of $58.85 and a 1 year high of $107.26.

Skyline Champion (NYSE:SKY) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.61 by $0.32. Skyline Champion had a net margin of 6.42% and a return on equity of 13.20%. The business had revenue of $616.88 million for the quarter, compared to analyst estimates of $600.52 million. During the same quarter in the previous year, the firm posted $0.82 earnings per share. The company’s revenue for the quarter was up 32.9% on a year-over-year basis. Equities research analysts anticipate that Skyline Champion will post 3.43 EPS for the current year.

Insider Transactions at Skyline Champion

In related news, Director Mak Capital One Llc sold 40,000 shares of the stock in a transaction on 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 sale, the director now owns 2,716,500 shares in the company, valued at approximately $241,415,355. This trade represents a 1.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 6.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SKY. Canada Pension Plan Investment Board lifted its holdings in shares of Skyline Champion by 38.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 42,700 shares of the company’s stock worth $2,893,000 after acquiring an additional 11,900 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake 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 purchasing an additional 35,880 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Skyline Champion by 122.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 12,074 shares of the company’s stock worth $1,029,000 after purchasing an additional 6,639 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Skyline Champion by 35.4% during the 1st quarter. Janus Henderson Group PLC now owns 42,484 shares of the company’s stock valued at $3,614,000 after purchasing an additional 11,096 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Skyline Champion by 46.0% during the 2nd quarter. Victory Capital Management Inc. now owns 669,895 shares of the company’s stock valued at $45,385,000 after buying an additional 211,099 shares in 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.