Champion Homes, Inc. (NYSE:SKY) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Champion Homes, Inc. (NYSE:SKY) have received an average recommendation of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $104.00.

Several analysts have issued reports on the stock. Royal Bank Of Canada raised their price target on shares of Champion Homes from $92.00 to $99.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Citigroup started coverage on Champion Homes in a research note on Friday, June 5th. They set a “buy” rating and a $93.00 price objective for the company. UBS Group lifted their target price on shares of Champion Homes from $93.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Zacks Research upgraded Champion Homes from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. Finally, Barclays lifted their price objective on shares of Champion Homes from $102.00 to $109.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th.

Champion Homes Price Performance

NYSE SKY opened at $85.00 on Thursday. The company has a market cap of $4.61 billion, a P/E ratio of 24.78 and a beta of 1.01. The company has a fifty day simple moving average of $86.48 and a 200 day simple moving average of $80.82. Champion Homes has a 1 year low of $63.69 and a 1 year high of $99.17. The company has a current ratio of 2.74, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01.

Champion Homes (NYSE:SKY) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. The business had revenue of $710.23 million for the quarter, compared to analyst estimates of $701.98 million. Champion Homes had a return on equity of 12.52% and a net margin of 7.16%.The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.19 earnings per share. On average, sell-side analysts predict that Champion Homes will post 3.4 EPS for the current year.

Insiders Place Their Bets

In other Champion Homes news, Director Erin Helgren sold 1,100 shares of Champion Homes stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $95.00, for a total value of $104,500.00. Following the sale, the director owned 8,196 shares of the company’s stock, valued at $778,620. This trade represents a 11.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael Berman sold 1,500 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $93.22, for a total value of $139,830.00. Following the transaction, the director owned 6,825 shares of the company’s stock, valued at approximately $636,226.50. The trade was a 18.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Assetmark Inc. lifted its position in shares of Champion Homes by 16.8% during the first quarter. Assetmark Inc. now owns 1,000 shares of the company’s stock worth $74,000 after acquiring an additional 144 shares in the last quarter. Mirador Capital Partners LP boosted its holdings in shares of Champion Homes by 0.3% in the second quarter. Mirador Capital Partners LP now owns 51,684 shares of the company’s stock worth $4,554,000 after acquiring an additional 178 shares during the period. Bessemer Group Inc. grew its position in shares of Champion Homes by 0.4% in the first quarter. Bessemer Group Inc. now owns 47,664 shares of the company’s stock valued at $3,544,000 after purchasing an additional 184 shares in the last quarter. ProShare Advisors LLC grew its position in shares of Champion Homes by 1.9% in the fourth quarter. ProShare Advisors LLC now owns 10,995 shares of the company’s stock valued at $929,000 after purchasing an additional 207 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Champion Homes by 4.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,302 shares of the company’s stock valued at $533,000 after purchasing an additional 293 shares during the period.

Champion Homes Company Profile

Champion Homes, Inc, formerly known as Skyline Champion Corporation, designs and manufactures factory-built housing for residential, commercial and specialized applications. Its portfolio includes manufactured homes, modular homes, park model homes, accessory dwelling units and other prefabricated structures, offered through a range of brands and configurations.

The company sells its products through independent and company-owned retailers, builders and developers, serving customers across the United States and parts of Canada.