Brokerages Set Skyline Champion Co. (NYSE:SKY) PT at $90.20

Skyline Champion Co. (NYSE:SKY) has received an average recommendation of “Hold” from the five analysts that are covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $90.20.

Several research analysts recently issued reports on the stock. Royal Bank of Canada upped their price target on shares of Skyline Champion from $88.00 to $96.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 6th. Barclays upped their target price on shares of Skyline Champion from $90.00 to $106.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th.

Skyline Champion Stock Down 0.1 %

Shares of NYSE SKY opened at $94.08 on Friday. The firm’s 50-day simple moving average is $96.17 and its 200 day simple moving average is $95.58. The company has a market cap of $5.39 billion, a price-to-earnings ratio of 33.13 and a beta of 1.61. The company has a quick ratio of 1.74, a current ratio of 2.59 and a debt-to-equity ratio of 0.02. Skyline Champion has a 12-month low of $64.82 and a 12-month high of $116.49.

Skyline Champion (NYSE:SKY) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.24. Skyline Champion had a net margin of 6.80% and a return on equity of 13.80%. On average, research analysts expect that Skyline Champion will post 3.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Skyline Champion

In related news, VP Timothy A. Burkhardt sold 3,823 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $106.87, for a total value of $408,564.01. Following the sale, the vice president now directly owns 32,706 shares in the company, valued at $3,495,290.22. This trade represents a 10.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Joseph A. Kimmell sold 4,335 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $104.21, for a total value of $451,750.35. Following the sale, the executive vice president now directly owns 39,411 shares of the company’s stock, valued at approximately $4,107,020.31. The trade was a 9.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.90% of the company’s stock.

Institutional Trading of Skyline Champion

A number of large investors have recently bought and sold shares of the business. Truvestments Capital LLC bought a new position in shares of Skyline Champion during the 3rd quarter worth approximately $32,000. Harvest Fund Management Co. Ltd bought a new position in shares of Skyline Champion during the 4th quarter worth approximately $36,000. Quarry LP bought a new position in shares of Skyline Champion during the 3rd quarter worth approximately $67,000. Sterling Capital Management LLC grew its stake in shares of Skyline Champion by 645.5% during the 4th quarter. Sterling Capital Management LLC now owns 917 shares of the company’s stock worth $81,000 after acquiring an additional 794 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Skyline Champion during the 4th quarter worth approximately $108,000.

Skyline Champion Company Profile

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.