Barclays Lowers Skyline Champion (NYSE:SKY) Price Target to $97.00

Skyline Champion (NYSE:SKY - Get Free Report) had its price target lowered by analysts at Barclays from $106.00 to $97.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's price target points to a potential upside of 18.54% from the stock's previous close.

Separately, Royal Bank of Canada boosted their target price on shares of Skyline Champion from $88.00 to $96.00 and gave the company a "sector perform" rating in a research report on Thursday, February 6th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $88.40.

Skyline Champion Stock Performance

Shares of SKY stock traded down $0.94 during midday trading on Tuesday, hitting $81.83. 502,643 shares of the company were exchanged, compared to its average volume of 526,474. Skyline Champion has a 52 week low of $64.82 and a 52 week high of $116.49. The firm has a market capitalization of $4.69 billion, a P/E ratio of 28.81 and a beta of 1.41. The firm's 50 day moving average price is $96.65 and its two-hundred day moving average price is $95.43. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 2.59.

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Skyline Champion (NYSE:SKY - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.24. Skyline Champion had a return on equity of 13.80% and a net margin of 6.80%. As a group, equities research analysts anticipate that Skyline Champion will post 3.63 earnings per share for the current year.

Insider Buying and Selling at Skyline Champion

In other Skyline Champion news, VP Timothy A. Burkhardt sold 3,823 shares of the business's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $106.87, for a total transaction of $408,564.01. Following the completion of the transaction, the vice president now directly owns 32,706 shares in the company, valued at $3,495,290.22. The trade was a 10.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph A. Kimmell sold 4,335 shares of the firm's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $104.21, for a total value of $451,750.35. Following the completion of the sale, the executive vice president now directly owns 39,411 shares in the company, valued at approximately $4,107,020.31. This represents a 9.91 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.90% of the company's stock.

Hedge Funds Weigh In On Skyline Champion

Institutional investors have recently modified their holdings of the business. Harvest Fund Management Co. Ltd bought a new position in Skyline Champion in the fourth quarter valued at about $36,000. Sterling Capital Management LLC grew its holdings in shares of Skyline Champion by 645.5% during the 4th quarter. Sterling Capital Management LLC now owns 917 shares of the company's stock valued at $81,000 after purchasing an additional 794 shares during the last quarter. Headlands Technologies LLC acquired a new position in Skyline Champion during the 4th quarter worth approximately $108,000. Venturi Wealth Management LLC bought a new position in Skyline Champion in the 4th quarter valued at approximately $112,000. Finally, New Age Alpha Advisors LLC acquired a new stake in Skyline Champion in the fourth quarter valued at approximately $176,000.

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.