Skyline Champion (NYSE:SKY) Given New $106.00 Price Target at Barclays

Skyline Champion (NYSE:SKY - Free Report) had its price target raised by Barclays from $90.00 to $106.00 in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

Other research analysts have also issued reports about the company. Royal Bank of Canada increased their price objective on Skyline Champion from $88.00 to $96.00 and gave the company a "sector perform" rating in a research report on Thursday. Jefferies Financial Group upped their price target on Skyline Champion from $79.00 to $86.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Finally, 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. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $90.20.

Skyline Champion Price Performance

NYSE SKY traded up $1.67 on Thursday, hitting $105.55. 584,690 shares of the company were exchanged, compared to its average volume of 714,807. Skyline Champion has a 1-year low of $64.82 and a 1-year high of $116.49. The firm has a 50 day moving average of $94.77 and a two-hundred day moving average of $92.93. The company has a current ratio of 2.59, a quick ratio of 1.64 and a debt-to-equity ratio of 0.02. The company has a market cap of $6.05 billion, a P/E ratio of 37.17 and a beta of 1.62.

Skyline Champion (NYSE:SKY - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.24. Skyline Champion had a net margin of 6.80% and a return on equity of 13.80%. On average, equities analysts predict that Skyline Champion will post 3.54 EPS for the current year.

Institutional Investors Weigh In On Skyline Champion

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Truvestments Capital LLC acquired a new position in shares of Skyline Champion during the 3rd quarter worth about $32,000. Quarry LP acquired a new position in Skyline Champion during the third quarter valued at approximately $67,000. nVerses Capital LLC bought a new stake in Skyline Champion in the third quarter valued at approximately $76,000. Venturi Wealth Management LLC acquired a new stake in Skyline Champion in the fourth quarter worth $112,000. Finally, KBC Group NV boosted its position in shares of Skyline Champion by 53.9% during the fourth quarter. KBC Group NV now owns 2,288 shares of the company's stock worth $202,000 after purchasing an additional 801 shares in the last quarter.

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.