Skyline Champion Co. (NYSE:SKY) Given Average Recommendation of “Hold” by Analysts

Shares of Skyline Champion Co. (NYSE:SKY) have been given an average recommendation of “Hold” by the five research firms that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $70.80.

Several analysts have commented on the stock. Barclays dropped their target price on shares of Skyline Champion from $76.00 to $68.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 29th. Craig Hallum dropped their target price on shares of Skyline Champion from $88.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd. Royal Bank of Canada dropped their target price on shares of Skyline Champion from $73.00 to $68.00 and set a “sector perform” rating for the company in a research report on Thursday, May 23rd. Wedbush reiterated a “neutral” rating and set a $72.00 target price on shares of Skyline Champion in a research report on Wednesday, May 22nd. Finally, StockNews.com cut shares of Skyline Champion from a “hold” rating to a “sell” rating in a research report on Thursday, May 23rd.

Insider Transactions at Skyline Champion

In related news, insider Timothy Mark Larson sold 3,500 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $71.98, for a total value of $251,930.00. Following the completion of the sale, the insider now directly owns 48,800 shares in the company, valued at approximately $3,512,624. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Timothy Mark Larson sold 3,500 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $71.98, for a total value of $251,930.00. Following the completion of the sale, the insider now directly owns 48,800 shares in the company, valued at approximately $3,512,624. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joseph A. Kimmell sold 10,042 shares of the firm’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $70.12, for a total transaction of $704,145.04. Following the completion of the sale, the executive vice president now owns 47,262 shares of the company’s stock, valued at $3,314,011.44. The disclosure for this sale can be found here. Company insiders own 6.90% of the company’s stock.

Institutional Investors Weigh In On Skyline Champion

Several hedge funds have recently bought and sold shares of the stock. Headlands Technologies LLC bought a new position in shares of Skyline Champion during the first quarter worth approximately $63,000. Kessler Investment Group LLC bought a new position in shares of Skyline Champion during the fourth quarter worth approximately $123,000. Vestmark Advisory Solutions Inc. bought a new position in shares of Skyline Champion during the fourth quarter worth approximately $219,000. Outlook Wealth Advisors LLC bought a new position in shares of Skyline Champion during the fourth quarter worth approximately $231,000. Finally, Mackenzie Financial Corp bought a new position in shares of Skyline Champion during the fourth quarter worth approximately $246,000.

Skyline Champion Stock Up 2.3 %

Shares of SKY opened at $69.41 on Friday. The stock has a market cap of $4.01 billion, a price-to-earnings ratio of 27.33 and a beta of 1.57. The company has a quick ratio of 1.54, a current ratio of 2.36 and a debt-to-equity ratio of 0.02. Skyline Champion has a 12 month low of $52.12 and a 12 month high of $86.71. The company has a 50-day moving average price of $72.22 and a two-hundred day moving average price of $75.49.

Skyline Champion (NYSE:SKY) last announced its earnings results on Tuesday, May 21st. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.05). The business had revenue of $536.36 million during the quarter, compared to analyst estimates of $560.90 million. Skyline Champion had a return on equity of 13.32% and a net margin of 7.24%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.00 earnings per share. Equities analysts predict that Skyline Champion will post 2.76 EPS for the current fiscal year.

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.