Skyline Champion (NYSE:SKY) Stock Price Expected to Rise, Barclays Analyst Says

Skyline Champion (NYSE:SKY) had its price objective increased by Barclays from $85.00 to $90.00 in a research note issued to investors on Thursday morning, Benzinga reports. The firm currently has an equal weight rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. 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 report on Wednesday, October 9th. Craig Hallum increased their target price on shares of Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. StockNews.com raised shares of Skyline Champion from a “sell” rating to a “hold” rating in a research report 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 company a “sector perform” rating in a research report on Wednesday, October 30th. Finally, Wedbush reissued a “neutral” rating and set a $64.00 target price on shares of Skyline Champion in a research report on Wednesday, August 7th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $85.40.

Skyline Champion Price Performance

NYSE SKY opened at $91.49 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.57 and a current ratio of 2.42. The firm’s 50 day moving average price is $92.53 and its 200-day moving average price is $81.65. Skyline Champion has a 52-week low of $53.84 and a 52-week high of $101.39. The company has a market cap of $5.25 billion, a PE ratio of 35.32 and a beta of 1.59.

Skyline Champion (NYSE:SKY) last released its quarterly earnings data on Monday, October 28th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.32. Skyline Champion had a net margin of 6.42% and a return on equity of 13.20%. The firm had revenue of $616.88 million for the quarter, compared to the consensus estimate of $600.52 million. During the same period last year, the firm earned $0.82 earnings per share. The company’s quarterly revenue was up 32.9% on a year-over-year basis. Sell-side analysts forecast that Skyline Champion will post 3.33 EPS for the current fiscal year.

Insider Transactions at Skyline Champion

In other news, Director Mak Capital One Llc sold 80,000 shares of the 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 sale, the director now owns 2,920,000 shares in the company, valued at $263,267,200. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Jonathan Wade Lyall sold 12,448 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $87.88, for a total value of $1,093,930.24. Following the sale, the executive vice president now owns 46,082 shares in the company, valued at $4,049,686.16. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mak Capital One Llc sold 80,000 shares of the 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 completion of the sale, the director now owns 2,920,000 shares in the company, valued at $263,267,200. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 163,636 shares of company stock worth $14,582,253 over the last 90 days. 6.90% of the stock is currently owned by company insiders.

Institutional Trading of Skyline Champion

A number of hedge funds and other institutional investors have recently made changes to their positions in SKY. Headlands Technologies LLC acquired a new stake in Skyline Champion during the first quarter valued at $63,000. nVerses Capital LLC acquired a new stake in Skyline Champion during the third quarter valued at $76,000. Kessler Investment Group LLC grew its position in Skyline Champion by 41.0% during the second quarter. Kessler Investment Group LLC now owns 2,225 shares of the company’s stock valued at $151,000 after buying an additional 647 shares during the period. Blue Trust Inc. grew its position in Skyline Champion by 77,800.0% during the second quarter. Blue Trust Inc. now owns 3,116 shares of the company’s stock valued at $211,000 after buying an additional 3,112 shares during the period. Finally, Cannon Global Investment Management LLC acquired a new stake in Skyline Champion during the second quarter valued at $217,000.

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.