Skyline Champion (NYSE:SKY) Price Target Raised to $106.00 at Barclays

Skyline Champion (NYSE:SKY) had its price target increased by stock analysts at Barclays from $90.00 to $106.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price objective points to a potential upside of 2.03% from the stock’s previous close.

Several other research firms also recently issued reports on SKY. Jefferies Financial Group upped their price objective on Skyline Champion from $79.00 to $86.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Craig Hallum upped their target price on shares of Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada lifted their price objective on Skyline Champion from $88.00 to $96.00 and gave the company a “sector perform” rating in a report on Thursday. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $90.20.

Skyline Champion Stock Down 1.8 %

Shares of SKY opened at $103.89 on Thursday. The company has a quick ratio of 1.64, a current ratio of 2.42 and a debt-to-equity ratio of 0.02. The company has a 50-day moving average price of $94.76 and a two-hundred day moving average price of $92.51. Skyline Champion has a 12 month low of $64.82 and a 12 month high of $116.49. The stock has a market cap of $5.96 billion, a price-to-earnings ratio of 40.11 and a beta of 1.62.

Skyline Champion (NYSE:SKY) last posted its earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.24. Skyline Champion had a net margin of 6.42% and a return on equity of 13.20%. Equities analysts predict that Skyline Champion will post 3.43 EPS for the current fiscal year.

Institutional Investors Weigh In On Skyline Champion

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PFG Advisors raised its position in Skyline Champion by 13.1% during the fourth quarter. PFG Advisors now owns 6,509 shares of the company’s stock worth $573,000 after acquiring an additional 752 shares in the last quarter. HighTower Advisors LLC grew its holdings in Skyline Champion by 3.7% in the 4th quarter. HighTower Advisors LLC now owns 5,019 shares of the company’s stock valued at $442,000 after buying an additional 180 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Skyline Champion by 3.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,745 shares of the company’s stock worth $506,000 after purchasing an additional 213 shares during the period. Vestmark Advisory Solutions Inc. raised its stake in Skyline Champion by 16.2% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 5,160 shares of the company’s stock valued at $455,000 after purchasing an additional 719 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Skyline Champion during the fourth quarter valued at approximately $6,453,000.

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.