Skyline Champion Co. (NYSE:SKY) Receives $88.40 Consensus Price Target from Brokerages

Shares of Skyline Champion Co. (NYSE:SKY) have earned a consensus recommendation of “Hold” from the five brokerages that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $88.40.

A number of research firms have commented on SKY. Royal Bank of Canada lifted their price objective on shares of Skyline Champion from $88.00 to $96.00 and gave the company a “sector perform” rating in a research note on Thursday, February 6th. Barclays dropped their target price on Skyline Champion from $106.00 to $97.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th.

Skyline Champion Stock Up 2.2 %

SKY opened at $89.15 on Friday. The stock has a market capitalization of $5.11 billion, a P/E ratio of 31.39 and a beta of 1.41. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 2.59. Skyline Champion has a one year low of $64.82 and a one year high of $116.49. The business’s 50-day simple moving average is $90.39 and its 200-day simple moving average is $94.28.

Skyline Champion (NYSE:SKY) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.24. Skyline Champion had a return on equity of 13.80% and a net margin of 6.80%. Analysts anticipate that Skyline Champion will post 3.63 EPS for the current year.

Insider Buying and Selling at Skyline Champion

In other Skyline Champion news, EVP Joseph A. Kimmell sold 4,335 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $104.21, for a total transaction of $451,750.35. Following the transaction, the executive vice president now directly owns 39,411 shares in the company, valued at approximately $4,107,020.31. This represents a 9.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Timothy A. Burkhardt sold 3,823 shares of Skyline Champion stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $106.87, for a total transaction of $408,564.01. Following the sale, the vice president now owns 32,706 shares of the company’s stock, valued at approximately $3,495,290.22. The trade was a 10.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Skyline Champion

Several hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in Skyline Champion by 137.5% during the third quarter. JPMorgan Chase & Co. now owns 127,307 shares of the company’s stock worth $12,075,000 after purchasing an additional 73,697 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Skyline Champion by 80.7% in the 4th quarter. Bank of New York Mellon Corp now owns 351,060 shares of the company’s stock valued at $30,928,000 after acquiring an additional 156,757 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in Skyline Champion by 26.3% during the 4th quarter. Harbor Capital Advisors Inc. now owns 119,154 shares of the company’s stock valued at $10,497,000 after acquiring an additional 24,781 shares in the last quarter. Van ECK Associates Corp raised its position in Skyline Champion by 21.8% during the fourth quarter. Van ECK Associates Corp now owns 40,108 shares of the company’s stock worth $3,534,000 after acquiring an additional 7,184 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Skyline Champion in the fourth quarter valued at about $712,000.

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.