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

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

SKY has been the subject of several recent analyst reports. Jefferies Financial Group raised their price objective on shares of Skyline Champion from $79.00 to $86.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Barclays raised their price objective on shares of Skyline Champion from $85.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Royal Bank of Canada raised their target price 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. Finally, Craig Hallum raised their target price on shares of Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, October 30th.

Hedge Funds Weigh In On Skyline Champion

Hedge funds and other institutional investors have recently bought and sold shares of the company. KBC Group NV boosted its position in shares of Skyline Champion by 53.9% during the 4th quarter. KBC Group NV now owns 2,288 shares of the company’s stock worth $202,000 after purchasing an additional 801 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of Skyline Champion in the 4th quarter worth about $210,000. Fort Washington Investment Advisors Inc. OH raised its stake in Skyline Champion by 0.3% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 192,464 shares of the company’s stock valued at $16,956,000 after purchasing an additional 550 shares during the last quarter. Ulland Investment Advisors LLC raised its stake in Skyline Champion by 0.3% in the 4th quarter. Ulland Investment Advisors LLC now owns 52,610 shares of the company’s stock valued at $4,635,000 after purchasing an additional 171 shares during the last quarter. Finally, Mirador Capital Partners LP raised its stake in Skyline Champion by 0.6% in the 4th quarter. Mirador Capital Partners LP now owns 51,514 shares of the company’s stock valued at $4,538,000 after purchasing an additional 294 shares during the last quarter.

Skyline Champion Stock Performance

Shares of NYSE SKY opened at $90.25 on Friday. The company’s fifty day moving average price is $96.14 and its 200 day moving average price is $90.91. Skyline Champion has a 1 year low of $64.82 and a 1 year high of $116.49. The company has a market capitalization of $5.18 billion, a PE ratio of 34.85 and a beta of 1.63. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.64 and a current ratio of 2.42.

Skyline Champion (NYSE:SKY) last issued its earnings results on Monday, October 28th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.32. Skyline Champion had a net margin of 6.42% and a return on equity of 13.20%. The business had revenue of $616.88 million during the quarter, compared to analysts’ expectations of $600.52 million. During the same period in the prior year, the business earned $0.82 earnings per share. The company’s quarterly revenue was up 32.9% compared to the same quarter last year. On average, research analysts predict that Skyline Champion will post 3.43 earnings per share for the current year.

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.