Analysts Set Champion Homes, Inc. (NYSE:SKY) PT at $80.60

Champion Homes, Inc. (NYSE:SKY - Get Free Report) has earned a consensus recommendation of "Hold" from the six research firms that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $80.60.

A number of research analysts have commented on the stock. Royal Bank Of Canada cut their target price on shares of Champion Homes from $96.00 to $82.00 and set a "sector perform" rating on the stock in a research report on Wednesday, May 28th. Zelman & Associates raised shares of Champion Homes from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 5th. Finally, Barclays cut their price objective on shares of Champion Homes from $97.00 to $72.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 28th.

Institutional Trading of Champion Homes

Several large investors have recently bought and sold shares of the stock. Kovitz Investment Group Partners LLC grew its position in Champion Homes by 2.7% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 5,514 shares of the company's stock worth $523,000 after purchasing an additional 145 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Champion Homes by 5.4% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 3,336 shares of the company's stock valued at $316,000 after acquiring an additional 172 shares during the period. Summit Investment Advisors Inc. lifted its stake in Champion Homes by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,613 shares of the company's stock valued at $495,000 after acquiring an additional 178 shares during the period. HighTower Advisors LLC lifted its stake in Champion Homes by 3.7% during the 4th quarter. HighTower Advisors LLC now owns 5,019 shares of the company's stock valued at $442,000 after acquiring an additional 180 shares during the period. Finally, Xponance Inc. lifted its stake in Champion Homes by 5.0% during the 1st quarter. Xponance Inc. now owns 4,048 shares of the company's stock valued at $384,000 after acquiring an additional 193 shares during the period.

Champion Homes Trading Down 0.8%

SKY traded down $0.53 on Friday, reaching $66.06. 466,685 shares of the company traded hands, compared to its average volume of 613,663. Champion Homes has a one year low of $59.44 and a one year high of $116.49. The firm has a fifty day simple moving average of $71.83 and a two-hundred day simple moving average of $85.23. The company has a market cap of $3.78 billion, a P/E ratio of 19.32 and a beta of 1.16. The company has a quick ratio of 1.61, a current ratio of 2.41 and a debt-to-equity ratio of 0.02.

Champion Homes (NYSE:SKY - Get Free Report) last posted its earnings results on Tuesday, May 27th. The company reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.75 by ($0.10). The business had revenue of $593.87 million for the quarter, compared to analysts' expectations of $595.42 million. Champion Homes had a net margin of 7.99% and a return on equity of 13.61%. The company's revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the business posted $0.62 EPS. As a group, equities research analysts expect that Champion Homes will post 3.63 earnings per share for the current year.

Champion Homes announced that its board has authorized a stock repurchase program on Friday, May 30th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 1.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

Champion Homes 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.