Champion Homes, Inc. (NYSE:SKY) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Champion Homes, with five buy ratings, one strong-buy rating and two hold ratings. The average 12-month price target is $104, versus a recent share price of about $85.
• Champion Homes slightly exceeded quarterly expectations, reporting $0.88 in adjusted EPS versus the $0.87 consensus and revenue of $710.23 million, up 1.3% year over year.
• Recent analyst actions were generally positive, with UBS, Barclays and RBC raising their price targets; however, two directors sold shares totaling approximately $244,330, while institutional investors including BlackRock added or initiated positions.

Champion Homes, Inc. (NYSE:SKY - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eight brokerages that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $104.00.

Several analysts have recently commented on the company. Weiss Ratings raised Champion Homes from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, August 7th. UBS Group raised their price target on Champion Homes from $93.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Barclays upped their price objective on Champion Homes from $102.00 to $109.00 and gave the stock an "overweight" rating in a report on Thursday, August 6th. Royal Bank Of Canada lifted their price target on shares of Champion Homes from $92.00 to $99.00 and gave the company an "outperform" rating in a research report on Thursday, August 6th. Finally, Zelman & Associates upgraded Champion Homes from a "hold" rating to an "outperform" rating in a research note on Thursday, August 6th.

Champion Homes Stock Up 0.4%

Shares of NYSE:SKY opened at $85.00 on Thursday. The firm's 50 day moving average price is $86.48 and its 200 day moving average price is $80.82. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of 24.78 and a beta of 1.01. Champion Homes has a fifty-two week low of $63.69 and a fifty-two week high of $99.17. The company has a quick ratio of 1.97, a current ratio of 2.74 and a debt-to-equity ratio of 0.01.

Champion Homes (NYSE:SKY - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.87 by $0.01. The company had revenue of $710.23 million for the quarter, compared to analyst estimates of $701.98 million. Champion Homes had a net margin of 7.16% and a return on equity of 12.52%. The firm's revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.19 earnings per share. As a group, equities research analysts predict that Champion Homes will post 3.4 earnings per share for the current fiscal year.

Insider Buying and Selling at Champion Homes

In other news, Director Erin Helgren sold 1,100 shares of the business's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $95.00, for a total value of $104,500.00. Following the completion of the sale, the director owned 8,196 shares of the company's stock, valued at approximately $778,620. The trade was a 11.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Berman sold 1,500 shares of the company's stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $93.22, for a total value of $139,830.00. Following the sale, the director owned 6,825 shares in the company, valued at $636,226.50. The trade was a 18.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Champion Homes

Several institutional investors have recently modified their holdings of SKY. BlackRock Inc. bought a new stake in shares of Champion Homes during the second quarter valued at approximately $794,354,000. Wasatch Advisors LP lifted its holdings in shares of Champion Homes by 0.4% during the second quarter. Wasatch Advisors LP now owns 2,747,516 shares of the company's stock valued at $242,111,000 after purchasing an additional 10,749 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Champion Homes by 4.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,736,164 shares of the company's stock valued at $129,111,000 after purchasing an additional 80,531 shares during the period. William Blair Investment Management LLC lifted its stake in Champion Homes by 1.5% in the 4th quarter. William Blair Investment Management LLC now owns 1,020,700 shares of the company's stock worth $86,249,000 after acquiring an additional 15,497 shares in the last quarter. Finally, Bamco Inc. NY acquired a new stake in shares of Champion Homes during the fourth quarter worth approximately $61,308,000.

Champion Homes Company Profile

Champion Homes, Inc, formerly known as Skyline Champion Corporation, designs and manufactures factory-built housing for residential, commercial and specialized applications. Its portfolio includes manufactured homes, modular homes, park model homes, accessory dwelling units and other prefabricated structures, offered through a range of brands and configurations.

The company sells its products through independent and company-owned retailers, builders and developers, serving customers across the United States and parts of Canada.

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