Skyline Champion Co. (NYSE:SKY) Receives Consensus Rating of “Hold” from Brokerages

Skyline Champion Co. (NYSE:SKY) has received an average rating of “Hold” from the five brokerages that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $85.40.

A number of brokerages have weighed in on SKY. Royal Bank of Canada increased their price target on shares of Skyline Champion from $82.00 to $88.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Jefferies Financial Group increased their target price on shares of Skyline Champion from $79.00 to $86.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Barclays boosted their price target on Skyline Champion from $85.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Finally, Craig Hallum raised their price objective on Skyline Champion from $92.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th.

Skyline Champion Price Performance

NYSE SKY opened at $88.41 on Monday. Skyline Champion has a 1 year low of $64.82 and a 1 year high of $116.49. The company has a fifty day simple moving average of $97.38 and a 200 day simple moving average of $88.32. The company has a current ratio of 2.42, a quick ratio of 1.64 and a debt-to-equity ratio of 0.02. The company has a market cap of $5.07 billion, a P/E ratio of 34.14 and a beta of 1.59.

Skyline Champion (NYSE:SKY) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.61 by $0.32. Skyline Champion had a return on equity of 13.20% and a net margin of 6.42%. The company had revenue of $616.88 million for the quarter, compared to the consensus estimate of $600.52 million. During the same period in the previous year, the business posted $0.82 EPS. The company’s revenue for the quarter was up 32.9% on a year-over-year basis. On average, sell-side analysts predict that Skyline Champion will post 3.43 EPS for the current year.

Institutional Trading of Skyline Champion

Large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its holdings in shares of Skyline Champion by 7.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 234,605 shares of the company’s stock worth $15,894,000 after purchasing an additional 15,277 shares during the last quarter. Burney Co. bought a new stake in shares of Skyline Champion during the second quarter valued at approximately $231,000. Principal Financial Group Inc. increased its holdings in shares of Skyline Champion by 9.5% in the second quarter. Principal Financial Group Inc. now owns 18,972 shares of the company’s stock valued at $1,285,000 after purchasing an additional 1,639 shares in the last quarter. Peregrine Capital Management LLC raised its position in Skyline Champion by 15.2% in the 2nd quarter. Peregrine Capital Management LLC now owns 134,329 shares of the company’s stock worth $9,101,000 after purchasing an additional 17,716 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH lifted its holdings in Skyline Champion by 13.1% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 192,774 shares of the company’s stock worth $13,060,000 after buying an additional 22,330 shares in the last quarter.

About Skyline Champion

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.