Skyline Champion - SKY Stock Forecast, Price & News

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. The company also provides construction services to install and set-up factory-built homes; operates Titan Factory Direct, a factory-direct manufactured home retail business with 18 sales centers in the southern United States; and engages in the transportation of manufactured homes and recreational vehicles. The company was founded in 2010 and is headquartered in Troy, Michigan.

Skyline Champion Stock Down 2.9 %

Skyline Champion stock traded down $1.98 during mid-day trading on Wednesday, hitting $65.76. 9,548 shares of the company's stock were exchanged, compared to its average volume of 427,090. The company has a current ratio of 2.45, a quick ratio of 1.66 and a debt-to-equity ratio of 0.01. The stock has a market cap of $3.74 billion, a P/E ratio of 11.64 and a beta of 1.98. Skyline Champion has a 1-year low of $43.04 and a 1-year high of $85.92. The stock has a 50 day moving average of $55.79 and a two-hundred day moving average of $58.66.

Skyline Champion (NYSE:SKY - Get Rating) last posted its earnings results on Tuesday, August 2nd. The company reported $2.04 EPS for the quarter, topping the consensus estimate of $1.58 by $0.46. The firm had revenue of $725.88 million for the quarter, compared to the consensus estimate of $688.65 million. Skyline Champion had a net margin of 13.30% and a return on equity of 40.73%. As a group, analysts anticipate that Skyline Champion will post 5.96 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on SKY shares. Royal Bank of Canada increased their price objective on Skyline Champion from $58.00 to $72.00 in a research report on Thursday, August 4th. Wedbush upgraded Skyline Champion from a "neutral" rating to an "outperform" rating and set a $70.00 target price for the company in a report on Thursday, July 7th. Barclays increased their target price on Skyline Champion from $70.00 to $74.00 and gave the company an "overweight" rating in a report on Thursday, August 4th. Finally, Craig Hallum increased their price objective on Skyline Champion to $76.00 in a report on Tuesday, August 9th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Skyline Champion presently has a consensus rating of "Moderate Buy" and an average target price of $73.00.

Insiders Place Their Bets

In other Skyline Champion news, EVP Joseph A. Kimmell sold 5,921 shares of the stock in a transaction on Friday, August 5th. The shares were sold at an average price of $66.71, for a total transaction of $394,989.91. Following the transaction, the executive vice president now directly owns 38,813 shares of the company's stock, valued at $2,589,215.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Erin Mulligan Nelson sold 6,508 shares of the firm's stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $52.83, for a total value of $343,817.64. Following the sale, the director now directly owns 1,750 shares of the company's stock, valued at $92,452.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Joseph A. Kimmell sold 5,921 shares of the firm's stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $66.71, for a total value of $394,989.91. Following the completion of the sale, the executive vice president now directly owns 38,813 shares in the company, valued at $2,589,215.23. The disclosure for this sale can be found here. Company insiders own 7.10% of the company's stock.