Champion Homes, Inc. (SKY) – What Are Analysts Saying About This Stock?

Champion Homes, Inc. (NYSE:SKY) has earned an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $104.25.

A number of equities research analysts recently commented on the stock. Barclays upped their price target on shares of Champion Homes from $109.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday. Zelman & Associates upgraded shares of Champion Homes from a “hold” rating to an “outperform” rating in a report on Thursday, August 6th. Weiss Ratings raised Champion Homes from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Royal Bank Of Canada increased their price objective on Champion Homes from $94.00 to $99.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, UBS Group lifted their price objective on Champion Homes from $93.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th.

Key Headlines Impacting Champion Homes

Here are the key news stories impacting Champion Homes this week:

• Positive Sentiment: Quarterly EPS of $0.95 topped estimates, while revenue of $727 million exceeded expectations and grew 6.2% year over year. Zacks earnings report
• Positive Sentiment: Manufacturing orders rose 17% year over year, and captive retail accounted for 39% of second-quarter sales, pointing to activity across the business. The Motley Fool article
• Positive Sentiment: RBC raised its price target to $99 from $94 and maintained an Outperform rating; Barclays lifted its target to $110 from $109 and kept an Overweight rating. These revisions signal continued analyst optimism. RBC price target update
• Negative Sentiment: Despite the sales growth and earnings beat, EPS was down from $1.01 a year earlier, and coverage of the earnings call highlighted cost pressures squeezing margins. That may temper the positive results and analyst outlook. 247WallSt earnings analysis

Champion Homes Stock Down 3.2%

SKY stock opened at $93.06 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 2.75. Champion Homes has a fifty-two week low of $63.87 and a fifty-two week high of $99.17. The stock has a fifty day moving average of $83.97 and a 200-day moving average of $82.45. The company has a market capitalization of $5.05 billion, a price-to-earnings ratio of 27.61 and a beta of 1.03.

Champion Homes (NYSE:SKY) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.01. Champion Homes had a net margin of 6.84% and a return on equity of 12.17%. The business had revenue of $727.03 million during the quarter, compared to analyst estimates of $719.71 million. During the same period in the prior year, the business posted $1.03 earnings per share. The company’s revenue was up 6.2% on a year-over-year basis. As a group, equities research analysts predict that Champion Homes will post 3.40 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Michael Berman sold 1,500 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $93.22, for a total value of $139,830.00. Following the completion of the sale, the director directly owned 6,825 shares of the company’s stock, valued at approximately $636,226.50. This trade represents a 18.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Champion Homes

A number of institutional investors have recently bought and sold shares of SKY. Parallel Advisors LLC raised its position in shares of Champion Homes by 668.6% in the 1st quarter. Parallel Advisors LLC now owns 392 shares of the company’s stock worth $29,000 after acquiring an additional 341 shares in the last quarter. Clearstead Trust LLC bought a new stake in shares of Champion Homes during the second quarter valued at approximately $44,000. Versant Capital Management Inc boosted its position in shares of Champion Homes by 80.3% during the third quarter. Versant Capital Management Inc now owns 541 shares of the company’s stock valued at $46,000 after purchasing an additional 241 shares in the last quarter. Jacobi Capital Management LLC purchased a new stake in Champion Homes in the third quarter worth $62,000. Finally, Public Employees Retirement System of Ohio bought a new position in Champion Homes in the second quarter worth $85,000.

About Champion Homes

Champion Homes, Inc (NYSE:SKY) is a manufacturer of factory-built housing in the United States and Canada. The company designs and produces manufactured homes, modular homes and other residential structures in controlled factory environments, offering housing solutions for individual homeowners, developers, retailers and communities.

Its products include single-section and multi-section manufactured homes, modular homes, accessory dwelling units and park model recreational vehicles. Champion Homes markets its products through independent retailers, company-owned retail operations and other distribution channels, and also provides related construction and installation services in selected markets.

The company traces its heritage to the Skyline and Champion businesses, which combined in 2018 to form Skyline Champion Corporation.