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

Skyline Champion Co. (NYSE:SKY - Get Free Report) has been given an average rating of "Hold" by the five ratings firms that are covering the firm, Marketbeat.com 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 $88.40.

A number of research analysts recently issued reports on SKY shares. Royal Bank of Canada lifted their price target on Skyline Champion from $88.00 to $96.00 and gave the company a "sector perform" rating in a report on Thursday, February 6th. Barclays dropped their target price on shares of Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th.

Insider Buying and Selling at Skyline Champion

In other news, VP Timothy A. Burkhardt sold 3,823 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $106.87, for a total value of $408,564.01. Following the transaction, the vice president now owns 32,706 shares of the company's stock, valued at $3,495,290.22. This represents a 10.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Joseph A. Kimmell sold 4,335 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $104.21, for a total value of $451,750.35. Following the completion of the transaction, the executive vice president now owns 39,411 shares in the company, valued at $4,107,020.31. This represents a 9.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.90% of the company's stock.

Institutional Trading of Skyline Champion

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Skyline Champion by 17.3% in the fourth quarter. Vanguard Group Inc. now owns 5,942,992 shares of the company's stock valued at $523,578,000 after purchasing an additional 876,712 shares in the last quarter. Capital World Investors grew its holdings in shares of Skyline Champion by 31.5% in the 4th quarter. Capital World Investors now owns 2,638,862 shares of the company's stock valued at $232,484,000 after buying an additional 632,718 shares during the period. Ameriprise Financial Inc. raised its stake in Skyline Champion by 17.2% during the 4th quarter. Ameriprise Financial Inc. now owns 1,646,482 shares of the company's stock worth $145,055,000 after buying an additional 241,326 shares during the period. American Century Companies Inc. lifted its holdings in Skyline Champion by 2.9% during the fourth quarter. American Century Companies Inc. now owns 1,411,769 shares of the company's stock worth $124,377,000 after acquiring an additional 39,262 shares in the last quarter. Finally, Capital Research Global Investors acquired a new position in Skyline Champion in the fourth quarter valued at about $98,978,000.

Skyline Champion Price Performance

Skyline Champion stock traded up $0.71 during trading hours on Friday, hitting $87.21. 381,930 shares of the stock were exchanged, compared to its average volume of 534,967. The stock has a market capitalization of $5.00 billion, a P/E ratio of 30.71 and a beta of 1.41. The business's 50-day moving average is $90.67 and its two-hundred day moving average is $94.36. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 2.59. Skyline Champion has a 12 month low of $64.82 and a 12 month high of $116.49.

Skyline Champion (NYSE:SKY - Get Free Report) last released its quarterly earnings results 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 return on equity of 13.80% and a net margin of 6.80%. Equities research analysts expect that Skyline Champion will post 3.63 EPS for the current fiscal year.

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.