Skyline Champion Co. (NYSE:SKY - Get Free Report) has been given a consensus recommendation of "Hold" by the five ratings firms that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $85.40.
Several analysts have issued reports on the stock. StockNews.com upgraded shares of Skyline Champion from a "sell" rating to a "hold" rating in a research note on Thursday, August 8th. Craig Hallum lifted their price objective on Skyline Champion from $92.00 to $99.00 and gave the company a "buy" rating in a research note on Wednesday. Wedbush restated a "neutral" rating and issued a $64.00 target price on shares of Skyline Champion in a research note on Wednesday, August 7th. Barclays raised their price target on Skyline Champion from $85.00 to $90.00 and gave the company an "equal weight" rating in a report on Thursday. Finally, Jefferies Financial Group boosted their price objective on Skyline Champion from $79.00 to $86.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th.
View Our Latest Stock Analysis on Skyline Champion
NYSE:SKY opened at $91.49 on Friday. The business's fifty day moving average is $92.53 and its 200 day moving average is $81.60. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of 35.32 and a beta of 1.59. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.57 and a current ratio of 2.42. Skyline Champion has a 52-week low of $53.84 and a 52-week high of $101.39.
Skyline Champion (NYSE:SKY - Get Free Report) last announced 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 period in the prior year, the business posted $0.82 earnings per share. The company's revenue was up 32.9% on a year-over-year basis. Research analysts predict that Skyline Champion will post 3.33 EPS for the current year.
In related news, CFO Laurie M. Hough sold 5,354 shares of the business's stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $88.64, for a total value of $474,578.56. Following the completion of the sale, the chief financial officer now owns 105,153 shares in the company, valued at $9,320,761.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Michael B. Berman sold 3,496 shares of the firm's stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $82.34, for a total transaction of $287,860.64. Following the transaction, the director now directly owns 8,099 shares of the company's stock, valued at approximately $666,871.66. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Laurie M. Hough sold 5,354 shares of Skyline Champion stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $88.64, for a total value of $474,578.56. Following the completion of the transaction, the chief financial officer now owns 105,153 shares in the company, valued at approximately $9,320,761.92. This represents a 0.00 % decrease in their position. 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. 6.90% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of SKY. Thrivent Financial for Lutherans boosted its stake in shares of Skyline Champion by 2.1% during the second quarter. Thrivent Financial for Lutherans now owns 2,642,123 shares of the company's stock valued at $179,004,000 after purchasing an additional 53,965 shares during the period. William Blair Investment Management LLC boosted its position in Skyline Champion by 0.3% during the 2nd quarter. William Blair Investment Management LLC now owns 1,197,889 shares of the company's stock valued at $81,157,000 after buying an additional 3,313 shares during the period. Vaughan Nelson Investment Management L.P. grew 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 worth $57,206,000 after acquiring an additional 35,880 shares during the last quarter. Burgundy Asset Management Ltd. increased its position in shares of Skyline Champion by 3.3% in the second quarter. Burgundy Asset Management Ltd. now owns 768,346 shares of the company's stock valued at $52,055,000 after acquiring an additional 24,353 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of Skyline Champion by 46.0% during the second quarter. Victory Capital Management Inc. now owns 669,895 shares of the company's stock valued at $45,385,000 after acquiring an additional 211,099 shares during the last quarter.
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.
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