Skyline Champion (NYSE:SKY) Price Target Raised to $99.00

Skyline Champion (NYSE:SKY) had its price objective hoisted by Craig Hallum from $92.00 to $99.00 in a report published on Wednesday morning, Benzinga reports. They currently have a buy rating on the stock.

SKY has been the topic of a number of other research reports. Wedbush reaffirmed a “neutral” rating and issued a $64.00 price objective on shares of Skyline Champion in a report on Wednesday, August 7th. Royal Bank of Canada boosted their price objective on Skyline Champion from $68.00 to $82.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 8th. StockNews.com raised Skyline Champion from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Barclays raised their target price on shares of Skyline Champion from $68.00 to $85.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. Finally, Jefferies Financial Group increased their price objective 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. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $85.40.

Skyline Champion Price Performance

SKY opened at $91.49 on Wednesday. The company has a quick ratio of 1.57, a current ratio of 2.42 and a debt-to-equity ratio of 0.02. The company’s 50-day moving average price is $92.53 and its 200 day moving average price is $81.56. Skyline Champion has a fifty-two week low of $53.84 and a fifty-two week high of $101.39. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of 35.32 and a beta of 1.59.

Skyline Champion (NYSE:SKY) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.32. The business had revenue of $616.88 million for the quarter, compared to the consensus estimate of $600.52 million. Skyline Champion had a return on equity of 13.20% and a net margin of 6.42%. The business’s revenue was up 32.9% on a year-over-year basis. During the same quarter last year, the business posted $0.82 EPS. As a group, sell-side analysts expect that Skyline Champion will post 3.33 earnings per share for the current year.

Insider Buying and Selling at Skyline Champion

In other news, Director Mak Capital One Llc sold 40,000 shares of the business’s stock in a transaction on 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 directly owns 2,716,500 shares of the company’s stock, valued at $241,415,355. The trade was a 0.00 % 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. In other news, Director Mak Capital One Llc sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were 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 $241,415,355. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Erin Mulligan Nelson sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $83.18, for a total transaction of $83,180.00. Following the completion of the transaction, the director now directly owns 5,170 shares of the company’s stock, valued at $430,040.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 163,636 shares of company stock valued at $14,582,253. Corporate insiders own 6.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in Skyline Champion in the 1st quarter worth approximately $63,000. nVerses Capital LLC acquired a new position in Skyline Champion in the 3rd quarter valued at $76,000. Kessler Investment Group LLC grew its stake in Skyline Champion by 41.0% in the 2nd quarter. Kessler Investment Group LLC now owns 2,225 shares of the company’s stock valued at $151,000 after buying an additional 647 shares during the last quarter. CWM LLC raised its holdings in Skyline Champion by 7.4% in the 3rd quarter. CWM LLC now owns 2,286 shares of the company’s stock worth $217,000 after acquiring an additional 158 shares during the period. Finally, OLD National Bancorp IN acquired a new position in Skyline Champion during the 3rd quarter worth $225,000.

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.