Skyline Champion (NYSE:SKY) Given New $90.00 Price Target at Barclays

Skyline Champion (NYSE:SKY) had its price objective hoisted by Barclays from $85.00 to $90.00 in a research report report published on Thursday morning, Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities analysts have also weighed in on the company. StockNews.com upgraded Skyline Champion from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Wedbush restated a “neutral” rating and issued a $64.00 price objective on shares of Skyline Champion in a research report on Wednesday, August 7th. Craig Hallum lifted their target price on shares of Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday. Jefferies Financial Group increased their price target on shares of Skyline Champion from $79.00 to $86.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, Royal Bank of Canada raised their price objective on shares of Skyline Champion from $82.00 to $88.00 and gave the company a “sector perform” rating in a research report on Wednesday. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $85.40.

Skyline Champion Trading Up 3.7 %

Shares of Skyline Champion stock opened at $91.49 on Thursday. The company’s 50-day moving average price is $92.53 and its 200-day moving average price is $81.60. The company has a current ratio of 2.42, a quick ratio of 1.57 and a debt-to-equity ratio of 0.02. Skyline Champion has a 12-month low of $53.84 and a 12-month high of $101.39. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 35.32 and a beta of 1.59.

Skyline Champion (NYSE:SKY) last posted its earnings results on Monday, October 28th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.32. The business had revenue of $616.88 million for the quarter, compared to analysts’ expectations of $600.52 million. Skyline Champion had a net margin of 6.42% and a return on equity of 13.20%. The business’s revenue for the quarter was up 32.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 EPS. On average, equities analysts expect that Skyline Champion will post 3.33 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Laurie M. Hough sold 5,354 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $88.64, for a total value of $474,578.56. Following the completion of the sale, the chief financial officer now owns 105,153 shares of the company’s stock, valued at approximately $9,320,761.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Skyline Champion news, CFO Laurie M. Hough sold 5,354 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $88.64, for a total transaction of $474,578.56. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Timothy Mark Larson sold 5,500 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $83.00, for a total transaction of $456,500.00. Following the completion of the transaction, the insider now owns 43,300 shares in the company, valued at $3,593,900. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 163,636 shares of company stock valued at $14,582,253. 6.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Headlands Technologies LLC bought a new position in Skyline Champion in the 1st quarter worth $63,000. nVerses Capital LLC bought a new stake in shares of Skyline Champion during the 3rd quarter valued at about $76,000. Kessler Investment Group LLC increased its position 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 valued at $151,000 after buying an additional 647 shares during the period. Blue Trust Inc. raised its stake in Skyline Champion by 77,800.0% in 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 purchased a new stake in Skyline Champion in the second quarter worth about $217,000.

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.