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

Shares of Skyline Champion Co. (NYSE:SKY) have received an average recommendation of “Hold” from the five ratings firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $85.40.

A number of research firms have commented on SKY. 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 note on Wednesday, October 30th. Royal Bank of Canada increased their target price on Skyline Champion from $82.00 to $88.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. Barclays lifted their price target 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. Finally, Jefferies Financial Group raised their price objective on Skyline Champion from $79.00 to $86.00 and gave the company a “hold” rating in a report on Wednesday, October 9th.

Institutional Trading of Skyline Champion

Several hedge funds and other institutional investors have recently bought and sold shares of SKY. FMR LLC raised its stake in shares of 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 last quarter. Assenagon Asset Management S.A. bought a new position in Skyline Champion during the 3rd quarter valued at approximately $27,769,000. Victory Capital Management Inc. lifted its holdings in Skyline Champion by 46.0% in the 2nd quarter. Victory Capital Management Inc. now owns 669,895 shares of the company’s stock worth $45,385,000 after buying an additional 211,099 shares during the period. Cerity Partners LLC increased its stake in shares of Skyline Champion by 118.8% during the third quarter. Cerity Partners LLC now owns 188,767 shares of the company’s stock valued at $17,905,000 after buying an additional 102,506 shares during the period. Finally, State Street Corp raised its holdings in shares of Skyline Champion by 4.6% during the third quarter. State Street Corp now owns 1,790,962 shares of the company’s stock valued at $169,873,000 after acquiring an additional 78,733 shares in the last quarter.

Skyline Champion Trading Up 0.7 %

Shares of SKY stock opened at $96.03 on Monday. The company has a market capitalization of $5.51 billion, a PE ratio of 37.08 and a beta of 1.59. Skyline Champion has a 52-week low of $64.82 and a 52-week high of $116.49. The business’s fifty day moving average is $98.10 and its 200 day moving average is $87.67. 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 quarterly earnings results on Monday, October 28th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $600.52 million. During the same quarter last year, the firm posted $0.82 EPS. The company’s revenue was up 32.9% compared to the same quarter last year. On average, equities research analysts anticipate that Skyline Champion will post 3.43 EPS for the current fiscal year.

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.