Brokerages Set Skyline Champion Co. (NYSE:SKY) PT at $85.40

Skyline Champion Co. (NYSE:SKY) has been given a consensus recommendation of “Hold” by the five brokerages that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $85.40.

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

Skyline Champion Trading Down 1.8 %

Shares of NYSE:SKY opened at $90.58 on Friday. Skyline Champion has a 1 year low of $64.82 and a 1 year high of $116.49. The firm has a market capitalization of $5.20 billion, a price-to-earnings ratio of 34.97 and a beta of 1.63. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.42 and a quick ratio of 1.64. The business’s 50 day moving average price is $96.62 and its 200-day moving average price is $90.42.

Skyline Champion (NYSE:SKY) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.32. The company had revenue of $616.88 million for 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 revenue for the quarter was up 32.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.82 EPS. On average, equities research analysts forecast that Skyline Champion will post 3.43 earnings per share for the current fiscal year.

Institutional Trading of Skyline Champion

A number of hedge funds and other institutional investors have recently modified their holdings of SKY. Fort Washington Investment Advisors Inc. OH grew its position 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 acquiring an additional 550 shares in the last quarter. Ulland Investment Advisors LLC grew its position 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 acquiring an additional 171 shares in the last quarter. Mirador Capital Partners LP grew its position 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 acquiring an additional 294 shares in the last quarter. Argent Capital Management LLC boosted its stake in shares of Skyline Champion by 32.1% in the 4th quarter. Argent Capital Management LLC now owns 20,385 shares of the company’s stock valued at $1,796,000 after buying an additional 4,959 shares during the period. Finally, Burney Co. boosted its stake in shares of Skyline Champion by 10.5% in the 4th quarter. Burney Co. now owns 12,254 shares of the company’s stock valued at $1,080,000 after buying an additional 1,164 shares during the period.

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.