Skyline Champion Co. (NYSE:SKY) Receives $71.40 Average Target Price from Analysts

Shares of Skyline Champion Co. (NYSE:SKY) have earned an average recommendation of “Hold” from the five ratings firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $71.40.

A number of research analysts have issued reports on the company. Royal Bank of Canada boosted their price target on Skyline Champion from $69.00 to $73.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 7th. Wedbush reissued a “neutral” rating and issued a $72.00 price objective on shares of Skyline Champion in a research note on Tuesday, February 6th.

Skyline Champion Trading Down 2.8 %

Shares of SKY stock opened at $75.41 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.71 and a current ratio of 2.56. Skyline Champion has a 1 year low of $52.12 and a 1 year high of $86.71. The stock has a fifty day moving average of $81.14 and a two-hundred day moving average of $71.45. The firm has a market capitalization of $4.35 billion, a PE ratio of 21.61 and a beta of 1.53.

Skyline Champion (NYSE:SKY) last announced its quarterly earnings results on Monday, February 5th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.12. Skyline Champion had a return on equity of 15.45% and a net margin of 10.19%. The company had revenue of $559.46 million during the quarter, compared to analyst estimates of $505.20 million. As a group, research analysts expect that Skyline Champion will post 3.19 EPS for the current year.

Institutional Trading of Skyline Champion

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Nordea Investment Management AB purchased a new stake in shares of Skyline Champion in the fourth quarter worth approximately $4,775,000. Mutual of America Capital Management LLC lifted its position in shares of Skyline Champion by 106.2% in the fourth quarter. Mutual of America Capital Management LLC now owns 85,986 shares of the company’s stock worth $6,385,000 after purchasing an additional 44,276 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Skyline Champion by 1,363.7% in the fourth quarter. Cerity Partners LLC now owns 81,293 shares of the company’s stock worth $6,037,000 after purchasing an additional 75,739 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of Skyline Champion by 16.8% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 703,157 shares of the company’s stock worth $52,217,000 after purchasing an additional 101,265 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its position in shares of Skyline Champion by 19.1% in the third quarter. William Blair Investment Management LLC now owns 1,112,034 shares of the company’s stock worth $70,859,000 after purchasing an additional 178,099 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.