Skyline Champion (NYSE:SKY) PT Raised to $86.00

Skyline Champion (NYSE:SKY) had its price target lifted by analysts at Jefferies Financial Group from $79.00 to $86.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s target price suggests a potential downside of 7.49% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Wedbush reissued a “neutral” rating and issued a $64.00 target price on shares of Skyline Champion in a report on Wednesday, August 7th. StockNews.com raised Skyline Champion from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Barclays raised their price target on Skyline Champion from $68.00 to $85.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. Finally, Royal Bank of Canada raised their price target on Skyline Champion from $68.00 to $82.00 and gave the company a “sector perform” rating in a report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $80.20.

Skyline Champion Stock Performance

Shares of NYSE SKY opened at $92.96 on Wednesday. The company has a quick ratio of 1.57, a current ratio of 2.33 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $5.35 billion, a price-to-earnings ratio of 36.60 and a beta of 1.57. The stock’s fifty day simple moving average is $89.94 and its 200 day simple moving average is $80.28. Skyline Champion has a 52-week low of $52.12 and a 52-week high of $97.22.

Skyline Champion (NYSE:SKY) last issued its earnings results on Tuesday, August 6th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.22. The company had revenue of $627.80 million for the quarter, compared to analyst estimates of $600.39 million. Skyline Champion had a return on equity of 13.07% and a net margin of 6.45%. The business’s revenue was up 35.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.89 EPS. As a group, sell-side analysts forecast that Skyline Champion will post 3.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Skyline Champion

In other Skyline Champion news, Director Erin Mulligan Nelson sold 1,000 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $83.18, for a total transaction of $83,180.00. Following the sale, the director now owns 5,170 shares of the company’s stock, valued at approximately $430,040.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Mak Capital One Llc sold 80,000 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $90.16, for a total value of $7,212,800.00. Following the transaction, the director now owns 2,920,000 shares of the company’s stock, valued at approximately $263,267,200. This trade represents a 0.00 % decrease in their position. The sale 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 dated Friday, August 9th. The shares were 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 in the company, valued at approximately $430,040.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 163,636 shares of company stock valued at $14,582,253. 6.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Skyline Champion

Several large investors have recently modified their holdings of the stock. Wellington Management Group LLP boosted its holdings in Skyline Champion by 0.8% in the 4th quarter. Wellington Management Group LLP now owns 8,047,679 shares of the company’s stock worth $597,621,000 after buying an additional 62,748 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Skyline Champion by 2.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 2,642,123 shares of the company’s stock worth $179,004,000 after buying an additional 53,965 shares during the period. William Blair Investment Management LLC boosted its holdings in Skyline Champion by 0.3% in the 2nd quarter. William Blair Investment Management LLC now owns 1,197,889 shares of the company’s stock worth $81,157,000 after buying an additional 3,313 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in Skyline Champion by 4.4% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 844,367 shares of the company’s stock worth $57,206,000 after buying an additional 35,880 shares during the period. Finally, Burgundy Asset Management Ltd. boosted its holdings in Skyline Champion by 3.3% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 768,346 shares of the company’s stock worth $52,055,000 after buying an additional 24,353 shares during the period.

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.