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

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

A number of other research analysts also recently issued reports on SKY. Jefferies Financial Group upped their target price on shares of 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 increased their price target on shares of Skyline Champion from $88.00 to $96.00 and gave the company a “sector perform” rating in a research report on Thursday. Finally, Craig Hallum increased their price target on shares of Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $90.20.

Skyline Champion Price Performance

Shares of SKY stock traded up $0.33 during mid-day trading on Thursday, reaching $105.60. The company’s stock had a trading volume of 777,059 shares, compared to its average volume of 721,482. Skyline Champion has a 1-year low of $64.82 and a 1-year high of $116.49. The company has a market cap of $6.06 billion, a P/E ratio of 40.77 and a beta of 1.62. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.64 and a current ratio of 2.42. The firm’s 50-day moving average is $94.72 and its two-hundred day moving average is $92.24.

Skyline Champion (NYSE:SKY) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.24. Skyline Champion had a net margin of 6.42% and a return on equity of 13.20%. On average, research analysts predict that Skyline Champion will post 3.43 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Squarepoint Ops LLC bought a new stake in shares of Skyline Champion during the second quarter worth about $327,000. Millennium Management LLC grew its holdings in shares of Skyline Champion by 75.8% during the second quarter. Millennium Management LLC now owns 78,370 shares of the company’s stock worth $5,310,000 after purchasing an additional 33,794 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Skyline Champion by 3.4% during the second quarter. The Manufacturers Life Insurance Company now owns 32,642 shares of the company’s stock worth $2,211,000 after purchasing an additional 1,064 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Skyline Champion by 86.4% during the third quarter. SG Americas Securities LLC now owns 12,903 shares of the company’s stock worth $1,224,000 after purchasing an additional 5,979 shares during the last quarter. Finally, CWM LLC grew its holdings in shares of Skyline Champion by 7.4% during the third quarter. CWM LLC now owns 2,286 shares of the company’s stock worth $217,000 after purchasing an additional 158 shares during 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.