Skyline Champion (NYSE:SKY) Stock Price Expected to Rise, Barclays Analyst Says

Skyline Champion (NYSE:SKY) had its price target hoisted by Barclays from $90.00 to $106.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s target price would indicate a potential upside of 0.38% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Jefferies Financial Group increased their price target on Skyline Champion from $79.00 to $86.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Royal Bank of Canada upped their price objective on Skyline Champion from $88.00 to $96.00 and gave the company a “sector perform” rating in a research note on Thursday. Finally, Craig Hallum upped their price objective on Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Skyline Champion currently has a consensus rating of “Hold” and a consensus target price of $90.20.

Skyline Champion Stock Up 0.3 %

NYSE SKY traded up $0.33 on Thursday, reaching $105.60. The company had a trading volume of 777,059 shares, compared to its average volume of 721,482. The stock has a market capitalization of $6.06 billion, a P/E ratio of 40.77 and a beta of 1.62. The company’s fifty day moving average is $94.72 and its 200 day moving average is $92.24. Skyline Champion has a 52-week low of $64.82 and a 52-week high of $116.49. The company has a quick ratio of 1.64, a current ratio of 2.42 and a debt-to-equity ratio of 0.02.

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

Institutional Trading of Skyline Champion

Several institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. raised its holdings in shares of Skyline Champion by 137.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 127,307 shares of the company’s stock valued at $12,075,000 after buying an additional 73,697 shares in the last quarter. Summit Partners Public Asset Management LLC grew its position in Skyline Champion by 23.3% during the 3rd quarter. Summit Partners Public Asset Management LLC now owns 404,673 shares of the company’s stock worth $38,383,000 after acquiring an additional 76,573 shares during the last quarter. Algert Global LLC grew its position in Skyline Champion by 164.1% during the 3rd quarter. Algert Global LLC now owns 14,590 shares of the company’s stock worth $1,384,000 after acquiring an additional 9,066 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in Skyline Champion by 26.3% during the 4th quarter. Harbor Capital Advisors Inc. now owns 119,154 shares of the company’s stock worth $10,497,000 after acquiring an additional 24,781 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in Skyline Champion during the 3rd quarter worth approximately $2,369,000.

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.