Skyline Champion Co. (NYSE:SKY) Receives $90.20 Consensus PT from Brokerages

Skyline Champion Co. (NYSE:SKY - Get Free Report) has earned an average recommendation of "Hold" from the five brokerages that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $90.20.

SKY has been the subject of a number of research analyst reports. Royal Bank of Canada boosted their target price on Skyline Champion from $88.00 to $96.00 and gave the company a "sector perform" rating in a research report on Thursday, February 6th. Craig Hallum boosted their price objective on Skyline Champion from $92.00 to $99.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Finally, Barclays boosted their price objective on Skyline Champion from $90.00 to $106.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th.

Insider Transactions at Skyline Champion

In other news, EVP Joseph A. Kimmell sold 4,335 shares of the business's stock in a transaction that occurred on 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 owns 39,411 shares in the company, valued at $4,107,020.31. The trade was a 9.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Timothy A. Burkhardt sold 3,823 shares of the business's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total value of $408,564.01. Following the completion of the transaction, the vice president now owns 32,706 shares in the company, valued at $3,495,290.22. The trade was a 10.47 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.90% of the company's stock.

Hedge Funds Weigh In On Skyline Champion

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Skyline Champion by 17.3% in the fourth quarter. Vanguard Group Inc. now owns 5,942,992 shares of the company's stock valued at $523,578,000 after purchasing an additional 876,712 shares during the last quarter. Capital World Investors raised its holdings in Skyline Champion by 31.5% during the 4th quarter. Capital World Investors now owns 2,638,862 shares of the company's stock valued at $232,484,000 after acquiring an additional 632,718 shares during the period. State Street Corp raised its holdings in Skyline Champion by 4.6% during the 3rd quarter. State Street Corp now owns 1,790,962 shares of the company's stock valued at $169,873,000 after acquiring an additional 78,733 shares during the period. FMR LLC raised its holdings in Skyline Champion by 32.3% during the 3rd quarter. FMR LLC now owns 1,491,907 shares of the company's stock valued at $141,507,000 after acquiring an additional 363,885 shares during the period. Finally, American Century Companies Inc. raised its holdings in Skyline Champion by 2.9% during the 4th quarter. American Century Companies Inc. now owns 1,411,769 shares of the company's stock valued at $124,377,000 after acquiring an additional 39,262 shares during the period.

Skyline Champion Trading Down 0.7 %

Shares of SKY stock traded down $0.74 during mid-day trading on Tuesday, hitting $107.40. The company's stock had a trading volume of 332,639 shares, compared to its average volume of 673,405. The company's fifty day simple moving average is $94.95 and its 200-day simple moving average is $93.45. Skyline Champion has a 52 week low of $64.82 and a 52 week high of $116.49. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.64 and a current ratio of 2.59. The company has a market cap of $6.15 billion, a PE ratio of 37.82 and a beta of 1.62.

Skyline Champion (NYSE:SKY - Get Free Report) last issued its earnings results 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 return on equity of 13.80% and a net margin of 6.80%. As a group, equities research analysts expect that Skyline Champion will post 3.54 earnings per share for the current fiscal 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.