Skyline Champion (NYSE:SKY) PT Raised to $74.00

Skyline Champion (NYSE:SKYGet Rating) had its price objective hoisted by investment analysts at Barclays from $70.00 to $74.00 in a research note issued to investors on Thursday, MarketBeat Ratings reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 12.04% from the stock’s current price.

Several other research analysts have also commented on SKY. Royal Bank of Canada reduced their price target on Skyline Champion from $87.00 to $61.00 in a research report on Wednesday, May 25th. Wedbush raised Skyline Champion from a “neutral” rating to an “outperform” rating and set a $70.00 price target for the company in a research report on Thursday, July 7th. Finally, Craig Hallum reduced their price target on Skyline Champion from $80.00 to $71.00 in a research report on Wednesday, May 25th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $71.75.

Skyline Champion Trading Up 2.6 %

Shares of NYSE SKY opened at $66.05 on Thursday. The company has a quick ratio of 1.55, a current ratio of 2.23 and a debt-to-equity ratio of 0.02. The business has a fifty day simple moving average of $53.86 and a two-hundred day simple moving average of $58.36. The firm has a market cap of $3.75 billion, a PE ratio of 11.75 and a beta of 1.98. Skyline Champion has a twelve month low of $43.04 and a twelve month high of $85.92.

Skyline Champion (NYSE:SKYGet Rating) last issued its earnings results on Monday, May 23rd. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.52. The business had revenue of $638.12 million during the quarter, compared to analyst estimates of $561.80 million. Skyline Champion had a return on equity of 43.52% and a net margin of 13.30%. Skyline Champion’s revenue was up 42.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 EPS. Analysts expect that Skyline Champion will post 5.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Erin Mulligan Nelson sold 6,508 shares of the business’s stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $52.83, for a total transaction of $343,817.64. Following the transaction, the director now directly owns 1,750 shares in the company, valued at approximately $92,452.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 7.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mackenzie Financial Corp grew its stake in Skyline Champion by 5.7% during the 1st quarter. Mackenzie Financial Corp now owns 4,120 shares of the company’s stock worth $226,000 after buying an additional 224 shares during the last quarter. Great Lakes Advisors LLC grew its stake in Skyline Champion by 8.4% during the 4th quarter. Great Lakes Advisors LLC now owns 3,689 shares of the company’s stock worth $291,000 after buying an additional 287 shares during the last quarter. AlphaCrest Capital Management LLC grew its stake in Skyline Champion by 1.6% during the 1st quarter. AlphaCrest Capital Management LLC now owns 19,251 shares of the company’s stock worth $1,056,000 after buying an additional 297 shares during the last quarter. Natixis Advisors L.P. grew its stake in Skyline Champion by 0.9% during the 4th quarter. Natixis Advisors L.P. now owns 39,754 shares of the company’s stock valued at $3,140,000 after purchasing an additional 366 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its stake in Skyline Champion by 561.6% during the 4th quarter. First Horizon Advisors Inc. now owns 483 shares of the company’s stock valued at $38,000 after purchasing an additional 410 shares during the last quarter. 98.48% of the stock is currently owned by hedge funds and other institutional investors.

Skyline Champion Company Profile

(Get Rating)

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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