Skyline Champion Co. (NYSE:SKY) Given Consensus Recommendation of "Hold" by Brokerages

Shares of Skyline Champion Co. (NYSE:SKY - Get Free Report) have earned a consensus recommendation of "Hold" from the five analysts that are presently covering the firm, Marketbeat Ratings 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 twelve-month price objective among analysts that have issued ratings on the stock in the last year is $85.40.

Several analysts recently issued reports on the company. StockNews.com upgraded Skyline Champion from a "sell" rating to a "hold" rating in a report on Thursday, August 8th. Jefferies Financial Group raised their price target on shares of Skyline Champion from $79.00 to $86.00 and gave the company a "hold" rating in a 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 stock a "buy" rating in a research report on Wednesday, October 30th. Barclays upped their price target on Skyline Champion from $85.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 31st. Finally, Royal Bank of Canada upped their price target on shares of Skyline Champion from $82.00 to $88.00 and gave the company a "sector perform" rating in a report on Wednesday, October 30th.

Insider Buying and Selling

In related news, Director Mak Capital One Llc sold 40,000 shares of the company's stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $88.87, for a total transaction of $3,554,800.00. Following the sale, the director now owns 2,716,500 shares in the company, valued at approximately $241,415,355. This represents a 1.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 6.90% of the company's stock.

Hedge Funds Weigh In On Skyline Champion

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Truvestments Capital LLC bought a new position in shares of Skyline Champion during the 3rd quarter worth approximately $32,000. Quarry LP acquired a new position in shares of Skyline Champion in the 3rd quarter valued at approximately $67,000. nVerses Capital LLC bought a new stake in shares of Skyline Champion during the 3rd quarter worth approximately $76,000. Kessler Investment Group LLC raised 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 purchasing an additional 647 shares in the last quarter. Finally, MML Investors Services LLC bought a new stake in Skyline Champion during the third quarter worth $216,000.

Skyline Champion Stock Performance

Shares of NYSE SKY traded up $0.28 during midday trading on Thursday, hitting $103.73. 452,243 shares of the company's stock were exchanged, compared to its average volume of 362,705. Skyline Champion has a twelve month low of $58.85 and a twelve month high of $107.26. The firm has a market cap of $5.95 billion, a P/E ratio of 40.05 and a beta of 1.59. The stock's 50 day moving average price is $94.89 and its 200-day moving average price is $84.19. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.42 and a quick ratio of 1.64.

Skyline Champion (NYSE:SKY - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.93 earnings per share 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 company had revenue of $616.88 million during the quarter, compared to the consensus estimate of $600.52 million. During the same period in the prior year, the company earned $0.82 EPS. Skyline Champion's revenue was up 32.9% on a year-over-year basis. Equities research analysts anticipate that Skyline Champion will post 3.43 EPS for the current year.

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.