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

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

Several equities research analysts have commented on SKY shares. Barclays dropped their price target on shares of Skyline Champion from $76.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 29th. Craig Hallum lowered their target price on Skyline Champion from $88.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. StockNews.com lowered Skyline Champion from a “hold” rating to a “sell” rating in a research report on Thursday, May 23rd. Wedbush reissued a “neutral” rating and set a $72.00 price target on shares of Skyline Champion in a report on Wednesday, May 22nd. Finally, Royal Bank of Canada reduced their price objective on shares of Skyline Champion from $73.00 to $68.00 and set a “sector perform” rating for the company in a report on Thursday, May 23rd.

Check Out Our Latest Report on Skyline Champion

Skyline Champion Price Performance

Shares of NYSE SKY opened at $66.97 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.36 and a quick ratio of 1.54. The firm has a market capitalization of $3.87 billion, a PE ratio of 26.37 and a beta of 1.60. Skyline Champion has a 1-year low of $52.12 and a 1-year high of $86.71. The business’s fifty day moving average price is $75.84 and its two-hundred day moving average price is $75.16.

Skyline Champion (NYSE:SKYGet Free Report) last released its quarterly earnings data on Tuesday, May 21st. The company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). The firm had revenue of $536.36 million during the quarter, compared to analyst estimates of $560.90 million. Skyline Champion had a return on equity of 13.32% and a net margin of 7.24%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the business earned $1.00 EPS. On average, research analysts expect that Skyline Champion will post 2.76 EPS for the current year.

Insider Activity

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

Institutional Trading of Skyline Champion

Hedge funds and other institutional investors have recently made changes to their positions in the business. Headlands Technologies LLC acquired a new position in Skyline Champion in the first quarter worth approximately $63,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Skyline Champion in the 3rd quarter worth $94,000. Kessler Investment Group LLC acquired a new stake in shares of Skyline Champion during the fourth quarter worth $123,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Skyline Champion during the third quarter valued at $216,000. Finally, Vestmark Advisory Solutions Inc. acquired a new position in shares of Skyline Champion in the 4th quarter valued at $219,000.

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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