Brokerages Set Skyline Champion Co. (NYSE:SKY) PT at $88.40

Shares of Skyline Champion Co. (NYSE:SKY - Get Free Report) have earned an average rating of "Hold" from the five research firms that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $88.40.

SKY has been the subject of a number of research analyst reports. 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 report on Thursday, February 6th. Barclays cut their price target on shares of Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th.

Skyline Champion Stock Down 16.4%

Shares of NYSE:SKY traded down $13.81 during trading on Thursday, hitting $70.45. 2,785,355 shares of the company were exchanged, compared to its average volume of 551,979. The stock has a market capitalization of $4.04 billion, a P/E ratio of 24.81 and a beta of 1.37. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.59 and a quick ratio of 1.74. Skyline Champion has a 12-month low of $64.82 and a 12-month high of $116.49. The firm's 50 day moving average price is $87.27 and its 200-day moving average price is $93.76.

Skyline Champion (NYSE:SKY - Get Free Report) last issued its quarterly earnings results on Tuesday, May 27th. The company reported $0.65 earnings per share 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 analyst estimates of $595.42 million. Skyline Champion had a return on equity of 13.80% and a net margin of 6.80%. The firm's revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 EPS. On average, research analysts predict that Skyline Champion will post 3.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kovitz Investment Group Partners LLC lifted its position in shares of Skyline Champion by 2.7% during the first 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 in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of Skyline Champion by 5.4% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 3,336 shares of the company's stock worth $316,000 after purchasing an additional 172 shares in the last quarter. Summit Investment Advisors Inc. lifted its position in shares of Skyline Champion by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,613 shares of the company's stock worth $495,000 after purchasing an additional 178 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of Skyline Champion by 3.7% in the fourth quarter. HighTower Advisors LLC now owns 5,019 shares of the company's stock worth $442,000 after buying an additional 180 shares during the last quarter. Finally, Xponance Inc. increased its stake in shares of Skyline Champion by 5.0% in the first quarter. Xponance Inc. now owns 4,048 shares of the company's stock worth $384,000 after buying an additional 193 shares during the last quarter.

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.