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

Shares of Skyline Champion Co. (NYSE:SKY - Get Free Report) have received a consensus rating of "Hold" from the five analysts that are presently covering the stock, MarketBeat reports. Four 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 brokers that have issued ratings on the stock in the last year is $90.20.

A number of equities analysts have issued reports on SKY shares. Royal Bank of Canada lifted 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. Barclays upped their target price 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.

Insider Buying and Selling at Skyline Champion

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

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Institutional Trading of Skyline Champion

Several large investors have recently modified their holdings of SKY. Harvest Fund Management Co. Ltd bought a new stake in shares of Skyline Champion in the fourth quarter worth $36,000. Quarry LP bought a new stake in shares of Skyline Champion in the 3rd quarter worth about $67,000. Sterling Capital Management LLC raised its stake in shares of Skyline Champion by 645.5% in 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 in the last quarter. Headlands Technologies LLC acquired a new position in Skyline Champion in the fourth quarter worth about $108,000. Finally, Venturi Wealth Management LLC bought a new stake in Skyline Champion in the fourth quarter valued at about $112,000.

Skyline Champion Price Performance

Shares of SKY traded up $0.72 on Wednesday, reaching $86.97. The stock had a trading volume of 651,309 shares, compared to its average volume of 518,210. Skyline Champion has a twelve month low of $64.82 and a twelve month high of $116.49. The firm has a market capitalization of $4.98 billion, a PE ratio of 30.62 and a beta of 1.61. The firm has a 50-day moving average of $97.82 and a 200 day moving average of $95.96. The company has a quick ratio of 1.74, a current ratio of 2.59 and a debt-to-equity ratio of 0.02.

Skyline Champion (NYSE:SKY - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.24. Skyline Champion had a return on equity of 13.80% and a net margin of 6.80%. Sell-side analysts expect that Skyline Champion will post 3.63 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.