Champion Homes, Inc. (NYSE:SKY) Receives $80.60 Consensus PT from Brokerages

Shares of Champion Homes, Inc. (NYSE:SKY) have received an average rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $80.60.

SKY has been the topic of several research reports. Royal Bank Of Canada dropped their price target on Champion Homes from $96.00 to $82.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 28th. Barclays decreased their price target on Champion Homes from $97.00 to $72.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 28th. Finally, Zelman & Associates upgraded Champion Homes from a “strong sell” rating to a “hold” rating in a report on Thursday, June 5th.

Institutional Investors Weigh In On Champion Homes

Large investors have recently bought and sold shares of the business. Kovitz Investment Group Partners LLC increased its holdings in shares of Champion Homes by 2.7% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 5,514 shares of the company’s stock valued at $523,000 after acquiring an additional 145 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in Champion Homes by 5.4% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 3,336 shares of the company’s stock valued at $316,000 after purchasing an additional 172 shares during the last quarter. Summit Investment Advisors Inc. grew its holdings in Champion Homes by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,613 shares of the company’s stock valued at $495,000 after purchasing an additional 178 shares during the last quarter. HighTower Advisors LLC raised its position in shares of Champion Homes by 3.7% in the fourth quarter. HighTower Advisors LLC now owns 5,019 shares of the company’s stock valued at $442,000 after purchasing an additional 180 shares during the period. Finally, Xponance Inc. lifted its stake in shares of Champion Homes by 5.0% in the first quarter. Xponance Inc. now owns 4,048 shares of the company’s stock worth $384,000 after buying an additional 193 shares during the last quarter.

Champion Homes Price Performance

NYSE SKY opened at $60.49 on Monday. The firm has a market capitalization of $3.47 billion, a PE ratio of 17.69 and a beta of 1.19. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.41 and a quick ratio of 1.61. Champion Homes has a 12 month low of $59.44 and a 12 month high of $116.49. The company’s 50 day simple moving average is $78.76 and its 200 day simple moving average is $89.85.

Champion Homes (NYSE:SKY) last announced its quarterly earnings data on Tuesday, May 27th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.10). Champion Homes had a net margin of 7.99% and a return on equity of 13.61%. The firm had revenue of $593.87 million during the quarter, compared to analyst estimates of $595.42 million. During the same quarter last year, the company earned $0.62 EPS. The company’s quarterly revenue was up .7% compared to the same quarter last year. As a group, equities research analysts forecast that Champion Homes will post 3.63 EPS for the current fiscal year.

Champion Homes announced that its board has initiated a share buyback plan on Friday, May 30th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the company to purchase up to 1.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

About Champion Homes

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.