Skyline Champion (NYSE:SKY) Given New $99.00 Price Target at Craig Hallum

Skyline Champion (NYSE:SKY) had its target price raised by Craig Hallum from $92.00 to $99.00 in a research report released on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research firms also recently weighed in on SKY. Royal Bank of Canada raised their price objective on Skyline Champion from $68.00 to $82.00 and gave the company a “sector perform” rating in a research note on Thursday, August 8th. Jefferies Financial Group raised their price target on Skyline Champion from $79.00 to $86.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. StockNews.com raised Skyline Champion from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Wedbush reissued a “neutral” rating and issued a $64.00 price objective on shares of Skyline Champion in a research note on Wednesday, August 7th. Finally, Barclays lifted their target price on shares of Skyline Champion from $68.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $84.40.

Skyline Champion Price Performance

Skyline Champion stock opened at $90.00 on Wednesday. The company has a market cap of $5.18 billion, a P/E ratio of 34.75 and a beta of 1.57. Skyline Champion has a one year low of $52.12 and a one year high of $101.39. The business has a fifty day moving average of $92.56 and a two-hundred day moving average of $81.42. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.57 and a current ratio of 2.33.

Skyline Champion (NYSE:SKY) last released its quarterly earnings data on Monday, October 28th. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.32. Skyline Champion had a net margin of 6.45% and a return on equity of 13.07%. The firm had revenue of $616.88 million for the quarter, compared to the consensus estimate of $600.52 million. During the same quarter in the previous year, the firm earned $0.82 earnings per share. The firm’s revenue was up 32.9% on a year-over-year basis. As a group, analysts predict that Skyline Champion will post 3.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Timothy Mark Larson sold 5,500 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $83.00, for a total value of $456,500.00. Following the completion of the transaction, the insider now owns 43,300 shares of the company’s stock, valued at $3,593,900. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Erin Mulligan Nelson sold 1,000 shares of Skyline Champion stock in a transaction on Friday, August 9th. The stock was sold at an average price of $83.18, for a total value of $83,180.00. Following the completion of the sale, the director now owns 5,170 shares of the company’s stock, valued at $430,040.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Timothy Mark Larson sold 5,500 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $83.00, for a total value of $456,500.00. Following the completion of the transaction, the insider now owns 43,300 shares of the company’s stock, valued at $3,593,900. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 163,636 shares of company stock valued at $14,582,253 in the last ninety days. Insiders own 6.90% of the company’s stock.

Institutional Trading of Skyline Champion

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cannon Global Investment Management LLC boosted its position in shares of Skyline Champion by 25.0% in the third quarter. Cannon Global Investment Management LLC now owns 4,000 shares of the company’s stock worth $379,000 after acquiring an additional 800 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Skyline Champion by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 32,924 shares of the company’s stock valued at $2,968,000 after purchasing an additional 9,408 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Skyline Champion by 298.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 94,373 shares of the company’s stock valued at $8,951,000 after purchasing an additional 70,666 shares during the last quarter. Rice Hall James & Associates LLC increased its holdings in shares of Skyline Champion by 88.7% during the 3rd quarter. Rice Hall James & Associates LLC now owns 55,431 shares of the company’s stock worth $5,258,000 after buying an additional 26,057 shares during the last quarter. Finally, Congress Asset Management Co. increased its holdings in shares of Skyline Champion by 2.7% during the 3rd quarter. Congress Asset Management Co. now owns 584,441 shares of the company’s stock worth $55,434,000 after buying an additional 15,242 shares during the last quarter.

Skyline Champion Company Profile

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.