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

Shares of Skyline Champion Co. (NYSE:SKY) have been given an average recommendation of “Hold” by the five ratings firms that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $85.40.

Several equities research analysts recently commented on the company. Barclays boosted their price target on Skyline Champion from $85.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Craig Hallum increased their price target on shares of Skyline Champion from $92.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. StockNews.com raised shares of Skyline Champion from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Royal Bank of Canada increased their target price on shares of Skyline Champion from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $64.00 price target on shares of Skyline Champion in a research report on Wednesday, August 7th.

Insider Buying and Selling at Skyline Champion

In related news, Director Mak Capital One Llc sold 80,000 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $90.16, for a total transaction of $7,212,800.00. Following the sale, the director now owns 2,920,000 shares of the company’s stock, valued at approximately $263,267,200. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Mak Capital One Llc sold 80,000 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $90.16, for a total value of $7,212,800.00. Following the completion of the transaction, the director now directly owns 2,920,000 shares of the company’s stock, valued at approximately $263,267,200. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jonathan Wade Lyall sold 10,000 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $89.90, for a total value of $899,000.00. Following the transaction, the executive vice president now owns 36,082 shares of the company’s stock, valued at approximately $3,243,771.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 163,636 shares of company stock worth $14,582,253. Company insiders own 6.90% of the company’s stock.

Institutional Trading of Skyline Champion

A number of large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in Skyline Champion during the first quarter worth approximately $791,000. Bessemer Group Inc. grew its stake in shares of Skyline Champion by 7.0% in the first quarter. Bessemer Group Inc. now owns 156,782 shares of the company’s stock valued at $13,328,000 after acquiring an additional 10,251 shares in the last quarter. Seven Eight Capital LP bought a new position in Skyline Champion during the first quarter worth about $728,000. Canada Pension Plan Investment Board raised its stake in Skyline Champion by 38.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 42,700 shares of the company’s stock worth $2,893,000 after purchasing an additional 11,900 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in Skyline Champion by 4.4% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 844,367 shares of the company’s stock valued at $57,206,000 after purchasing an additional 35,880 shares during the period.

Skyline Champion Stock Up 0.6 %

SKY opened at $91.51 on Friday. The stock’s fifty day moving average is $92.52 and its 200-day moving average is $81.77. The company has a market capitalization of $5.25 billion, a PE ratio of 35.33 and a beta of 1.59. Skyline Champion has a one year low of $53.84 and a one year high of $101.39. 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 posted its quarterly earnings results on Monday, October 28th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.32. The company had revenue of $616.88 million for the quarter, compared to analysts’ expectations 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 was up 32.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 earnings per share. On average, equities analysts predict that Skyline Champion will post 3.33 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.