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

Shares of Skyline Champion Co. (NYSE:SKY) have earned an average recommendation of “Hold” from the five brokerages that are covering the company, 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 target price among analysts that have issued ratings on the stock in the last year is $85.40.

A number of equities research analysts have recently commented on SKY shares. Royal Bank of Canada increased their target price on Skyline Champion from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. Barclays increased 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. Jefferies Financial Group upped their price objective 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 upped their price target on shares of Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th.

Hedge Funds Weigh In On Skyline Champion

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Truvestments Capital LLC acquired a new position in shares of Skyline Champion in the 3rd quarter worth approximately $32,000. Quarry LP purchased a new position in Skyline Champion during the 3rd quarter worth approximately $67,000. nVerses Capital LLC purchased a new position in Skyline Champion during the 3rd quarter worth $76,000. MML Investors Services LLC acquired a new position in shares of Skyline Champion in the third quarter valued at approximately $216,000. Finally, CWM LLC raised its position in Skyline Champion by 7.4% during the 3rd quarter. CWM LLC now owns 2,286 shares of the company’s stock worth $217,000 after buying an additional 158 shares during the last quarter.

Skyline Champion Stock Performance

NYSE:SKY opened at $91.98 on Friday. The business’s fifty day moving average is $96.78 and its 200 day moving average is $90.06. 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 has a 52-week low of $64.82 and a 52-week high of $116.49. The firm has a market cap of $5.28 billion, a price-to-earnings ratio of 35.51 and a beta of 1.63.

Skyline Champion (NYSE:SKY) last released its quarterly earnings data on Monday, October 28th. The company reported $0.93 EPS for the quarter, topping 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 the consensus estimate of $600.52 million. During the same quarter in the previous year, the business earned $0.82 earnings per share. The company’s quarterly revenue was up 32.9% on a year-over-year basis. Research analysts predict that Skyline Champion will post 3.43 EPS for the current 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.