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

Skyline Champion Co. (NYSE:SKYGet Free Report) has been assigned a consensus recommendation of “Hold” from the five brokerages that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $70.80.

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

View Our Latest Analysis on SKY

Skyline Champion Trading Down 0.6 %

Shares of SKY stock opened at $72.15 on Tuesday. The company has a current ratio of 2.36, a quick ratio of 1.54 and a debt-to-equity ratio of 0.02. The stock has a market cap of $4.17 billion, a P/E ratio of 28.41 and a beta of 1.60. The stock has a 50 day simple moving average of $75.12 and a 200 day simple moving average of $75.36. Skyline Champion has a 1 year low of $52.12 and a 1 year high of $86.71.

Skyline Champion (NYSE:SKYGet Free Report) 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). Skyline Champion had a return on equity of 13.32% and a net margin of 7.24%. The business had revenue of $536.36 million for the quarter, compared to the consensus estimate of $560.90 million. During the same quarter in the previous year, the company earned $1.00 earnings per share. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, research analysts predict that Skyline Champion will post 2.76 earnings per share for the current fiscal year.

Insider Transactions at Skyline Champion

In other news, EVP Joseph A. Kimmell sold 10,042 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $70.12, for a total transaction of $704,145.04. Following the completion of the sale, the executive vice president now owns 47,262 shares in the company, valued at approximately $3,314,011.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 7.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SKY. Norges Bank purchased a new position in Skyline Champion in the 4th quarter valued at approximately $34,476,000. William Blair Investment Management LLC grew its position in shares of 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 purchasing an additional 178,099 shares in the last quarter. Kornitzer Capital Management Inc. KS purchased a new position in shares of Skyline Champion during the 4th quarter valued at $11,383,000. Burgundy Asset Management Ltd. grew its position in shares of Skyline Champion by 22.7% during the 4th quarter. Burgundy Asset Management Ltd. now owns 736,477 shares of the company’s stock valued at $54,691,000 after purchasing an additional 136,071 shares in the last quarter. Finally, Forge First Asset Management Inc. purchased a new position in shares of Skyline Champion during the 1st quarter valued at $9,398,000.

About Skyline Champion

(Get Free Report

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.

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Analyst Recommendations for Skyline Champion (NYSE:SKY)

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