Skyline Champion Co. (NYSE:SKY) Receives $85.40 Average Target Price from Analysts

Shares of Skyline Champion Co. (NYSE:SKY) have received a consensus recommendation of “Hold” from the five ratings firms that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $85.40.

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

Institutional Trading of Skyline Champion

Several hedge funds and other institutional investors have recently modified their holdings of SKY. Thrivent Financial for Lutherans boosted its position in Skyline Champion by 2.1% during the second quarter. Thrivent Financial for Lutherans now owns 2,642,123 shares of the company’s stock worth $179,004,000 after purchasing an additional 53,965 shares during the period. State Street Corp raised its holdings in Skyline Champion by 4.6% in the 3rd quarter. State Street Corp now owns 1,790,962 shares of the company’s stock worth $169,873,000 after acquiring an additional 78,733 shares during the period. FMR LLC boosted its holdings in Skyline Champion by 32.3% during the third quarter. FMR LLC now owns 1,491,907 shares of the company’s stock valued at $141,507,000 after acquiring an additional 363,885 shares during the period. William Blair Investment Management LLC grew its position in shares of Skyline Champion by 0.3% in the second quarter. William Blair Investment Management LLC now owns 1,197,889 shares of the company’s stock valued at $81,157,000 after purchasing an additional 3,313 shares during the last quarter. Finally, Burgundy Asset Management Ltd. increased its stake in shares of Skyline Champion by 3.3% in the second quarter. Burgundy Asset Management Ltd. now owns 768,346 shares of the company’s stock worth $52,055,000 after purchasing an additional 24,353 shares during the period.

Skyline Champion Stock Performance

Shares of NYSE SKY opened at $91.89 on Monday. Skyline Champion has a 1 year low of $64.82 and a 1 year high of $116.49. The firm has a market cap of $5.27 billion, a P/E ratio of 35.48 and a beta of 1.59. The stock has a fifty day moving average price of $97.80 and a two-hundred day moving average price of $88.16. 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 released its 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. Skyline Champion had a return on equity of 13.20% and a net margin of 6.42%. The firm had revenue of $616.88 million for the quarter, compared to analyst estimates of $600.52 million. During the same period in the previous year, the company earned $0.82 earnings per share. Skyline Champion’s revenue was up 32.9% compared to the same quarter last year. Research analysts forecast that Skyline Champion will post 3.43 EPS for the current fiscal year.

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.