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

Shares of Skyline Champion Co. (NYSE:SKY) have earned a consensus rating of “Hold” from the five ratings firms that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $85.40.

Several equities analysts have recently issued reports on SKY shares. Royal Bank of Canada boosted their target price on Skyline Champion from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Jefferies Financial Group boosted their price objective on shares of Skyline Champion from $79.00 to $86.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Barclays increased 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. Finally, Craig Hallum upped their price objective on shares of Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th.

Skyline Champion Stock Down 1.4 %

Shares of NYSE:SKY opened at $88.41 on Monday. 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 stock has a market cap of $5.07 billion, a price-to-earnings ratio of 34.14 and a beta of 1.59. The company has a 50 day moving average of $97.38 and a 200-day moving average of $88.32. Skyline Champion has a one year low of $64.82 and a one year high of $116.49.

Skyline Champion (NYSE:SKY) last issued its earnings results on Monday, October 28th. The company reported $0.93 EPS for the quarter, beating 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 company had revenue of $616.88 million during the quarter, compared to analysts’ expectations of $600.52 million. During the same quarter in the previous year, the company posted $0.82 EPS. The business’s revenue for the quarter was up 32.9% compared to the same quarter last year. On average, sell-side analysts forecast that Skyline Champion will post 3.43 earnings per share for the current year.

Institutional Trading of Skyline Champion

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. SkyView Investment Advisors LLC lifted its position in Skyline Champion by 2.2% during the 3rd quarter. SkyView Investment Advisors LLC now owns 6,243 shares of the company’s stock worth $592,000 after buying an additional 132 shares in the last quarter. CWM LLC raised its holdings in Skyline Champion by 7.4% during the third quarter. CWM LLC now owns 2,286 shares of the company’s stock worth $217,000 after acquiring an additional 158 shares in the last quarter. Verdence Capital Advisors LLC boosted its position in Skyline Champion by 5.1% during the third quarter. Verdence Capital Advisors LLC now owns 3,514 shares of the company’s stock valued at $333,000 after purchasing an additional 171 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Skyline Champion by 0.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 33,894 shares of the company’s stock worth $3,215,000 after purchasing an additional 299 shares during the last quarter. Finally, Portside Wealth Group LLC raised its stake in shares of Skyline Champion by 10.0% during the 3rd quarter. Portside Wealth Group LLC now owns 3,339 shares of the company’s stock worth $317,000 after purchasing an additional 304 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.