Skyline Champion (NYSE:SKY) Price Target Raised to $88.00

Skyline Champion (NYSE:SKY) had its price objective upped by Royal Bank of Canada from $82.00 to $88.00 in a research note published on Wednesday morning, Benzinga reports. They currently have a sector perform rating on the stock.

A number of other equities research analysts have also issued reports on SKY. StockNews.com raised Skyline Champion from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Craig Hallum boosted their target price on Skyline Champion from $92.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday. Jefferies Financial Group boosted their target price on Skyline Champion from $79.00 to $86.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Barclays boosted their target price on Skyline Champion from $68.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. Finally, Wedbush reaffirmed a “neutral” rating and set a $64.00 target price on shares of Skyline Champion in a research report on Wednesday, August 7th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $85.40.

Skyline Champion Stock Performance

NYSE SKY opened at $91.49 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.42 and a quick ratio of 1.57. Skyline Champion has a 1-year low of $53.84 and a 1-year high of $101.39. The business’s 50-day simple moving average is $92.53 and its 200-day simple moving average is $81.56. The firm has a market capitalization of $5.25 billion, a P/E ratio of 35.32 and a beta of 1.59.

Skyline Champion (NYSE:SKY) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.32. The company had revenue of $616.88 million during the quarter, compared to analyst estimates of $600.52 million. Skyline Champion had a return on equity of 13.20% and a net margin of 6.42%. The firm’s quarterly revenue was up 32.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.82 EPS. Equities analysts predict that Skyline Champion will post 3.33 EPS for the current year.

Insider Activity at Skyline Champion

In other news, Director Michael B. Berman sold 3,496 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $82.34, for a total value of $287,860.64. Following the completion of the transaction, the director now directly owns 8,099 shares of the company’s stock, valued at approximately $666,871.66. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CFO Laurie M. Hough sold 5,354 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $88.64, for a total transaction of $474,578.56. Following the transaction, the chief financial officer now owns 105,153 shares of the company’s stock, valued at $9,320,761.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael B. Berman sold 3,496 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $82.34, for a total value of $287,860.64. Following the transaction, the director now directly owns 8,099 shares in the company, valued at $666,871.66. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 163,636 shares of company stock worth $14,582,253 in the last 90 days. 6.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Skyline Champion

Hedge funds have recently added to or reduced their stakes in the stock. Headlands Technologies LLC acquired a new stake in shares of Skyline Champion during the first quarter worth about $63,000. nVerses Capital LLC acquired a new stake in shares of Skyline Champion during the third quarter worth about $76,000. Kessler Investment Group LLC grew its holdings in shares of Skyline Champion by 41.0% during the second quarter. Kessler Investment Group LLC now owns 2,225 shares of the company’s stock worth $151,000 after buying an additional 647 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Skyline Champion by 77,800.0% during the second quarter. Blue Trust Inc. now owns 3,116 shares of the company’s stock worth $211,000 after buying an additional 3,112 shares in the last quarter. Finally, Cannon Global Investment Management LLC bought a new position in shares of Skyline Champion during the second quarter worth about $217,000.

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.