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

Skyline Champion Co. (NYSE:SKY) has earned a consensus recommendation of “Hold” from the five brokerages that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $90.20.

SKY has been the topic of several analyst reports. Craig Hallum boosted their price target on shares of Skyline Champion from $92.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Royal Bank of Canada upped their target price on Skyline Champion from $88.00 to $96.00 and gave the stock a “sector perform” rating in a report on Thursday, February 6th. Finally, Barclays raised their price target on Skyline Champion from $90.00 to $106.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SKY. Truvestments Capital LLC bought a new stake in Skyline Champion in the 3rd quarter valued at $32,000. Quarry LP acquired a new stake in shares of Skyline Champion during the third quarter worth $67,000. nVerses Capital LLC bought a new stake in shares of Skyline Champion in the third quarter valued at about $76,000. Venturi Wealth Management LLC acquired a new position in shares of Skyline Champion in the fourth quarter valued at about $112,000. Finally, KBC Group NV increased its position in Skyline Champion by 53.9% during the fourth quarter. KBC Group NV now owns 2,288 shares of the company’s stock worth $202,000 after acquiring an additional 801 shares during the period.

Skyline Champion Stock Up 1.6 %

Shares of Skyline Champion stock opened at $105.55 on Tuesday. The firm has a market cap of $6.05 billion, a PE ratio of 37.17 and a beta of 1.62. The business’s 50 day simple moving average is $94.77 and its 200 day simple moving average is $92.93. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.64 and a current ratio of 2.59. Skyline Champion has a 52-week low of $64.82 and a 52-week high of $116.49.

Skyline Champion (NYSE:SKY) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.24. Skyline Champion had a net margin of 6.80% and a return on equity of 13.80%. On average, analysts predict that Skyline Champion will post 3.54 earnings per share 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.