Brokerages Set Skyline Champion Co. (NYSE:SKY) Target Price at $90.20

Skyline Champion Co. (NYSE:SKY) has earned an average rating of “Hold” from the five research firms that are presently 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 price objective among brokerages that have issued a report on the stock in the last year is $90.20.

Several equities research analysts recently commented on SKY shares. Barclays boosted 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. Royal Bank of Canada boosted their target price on shares of Skyline Champion from $88.00 to $96.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 6th.

Skyline Champion Price Performance

SKY opened at $86.97 on Wednesday. Skyline Champion has a 12-month low of $64.82 and a 12-month high of $116.49. The company has a quick ratio of 1.74, a current ratio of 2.59 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $4.98 billion, a P/E ratio of 30.62 and a beta of 1.61. The stock has a fifty day moving average of $97.78 and a 200-day moving average of $95.91.

Skyline Champion (NYSE:SKY) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 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%. Equities analysts forecast that Skyline Champion will post 3.63 EPS for the current fiscal year.

Insider Activity at Skyline Champion

In other news, VP Timothy A. Burkhardt sold 3,823 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total value of $408,564.01. Following the sale, the vice president now directly owns 32,706 shares of the company’s stock, valued at approximately $3,495,290.22. This trade represents a 10.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Joseph A. Kimmell sold 4,335 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $104.21, for a total value of $451,750.35. Following the transaction, the executive vice president now directly owns 39,411 shares of the company’s stock, valued at $4,107,020.31. This represents a 9.91 % decrease in their position. The disclosure for this sale can be found here. 6.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Skyline Champion

Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in shares of Skyline Champion by 137.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 127,307 shares of the company’s stock valued at $12,075,000 after buying an additional 73,697 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Skyline Champion by 80.7% during the fourth quarter. Bank of New York Mellon Corp now owns 351,060 shares of the company’s stock valued at $30,928,000 after purchasing an additional 156,757 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Skyline Champion by 26.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 119,154 shares of the company’s stock valued at $10,497,000 after purchasing an additional 24,781 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Skyline Champion by 21.8% in the 4th quarter. Van ECK Associates Corp now owns 40,108 shares of the company’s stock valued at $3,534,000 after purchasing an additional 7,184 shares during the period. Finally, Rhumbline Advisers raised its holdings in shares of Skyline Champion by 85.0% in the 4th quarter. Rhumbline Advisers now owns 151,781 shares of the company’s stock worth $13,372,000 after buying an additional 69,756 shares in the last quarter.

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.