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NYSE:SKY

Skyline Champion (SKY) Stock Price, News & Analysis

$70.59
-1.09 (-1.52%)
(As of 05/28/2024 ET)
Today's Range
$69.94
$72.25
50-Day Range
$70.59
$85.63
52-Week Range
$52.12
$86.71
Volume
279,739 shs
Average Volume
284,220 shs
Market Capitalization
$4.08 billion
P/E Ratio
27.79
Dividend Yield
N/A
Price Target
$71.00

Skyline Champion MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
0.6% Upside
$71.00 Price Target
Short Interest
Healthy
2.64% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.59mentions of Skyline Champion in the last 14 days
Based on 26 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
19.78%
From $2.78 to $3.33 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.00 out of 5 stars

Construction Sector

98th out of 100 stocks

Mobile Homes Industry

3rd out of 3 stocks

SKY stock logo

About Skyline Champion Stock (NYSE:SKY)

Skyline Champion Corp is a leading manufacturer of factory-built housing and related components. The company is headquartered in Troy, Michigan and operates a network of more than 40 manufacturing facilities across North America.

Skyline Champion Corp was formed in 2018 due to the merger between Skyline Corporation and Champion Enterprises Holdings, LLC. Skyline Corporation has been known for producing high-quality manufactured homes since 1951. Champion Enterprises Holdings, LLC had a strong modular and mobile home manufacturing track record. The merger united two industry leaders and created North America's largest publicly traded factory-built housing company.

Skyline Champion Corp produces and distributes factory-built homes and related components to a diverse customer base. The company's products include manufactured homes, modular homes, park model RVs and commercial structures. Skyline Champion Corp sells its products through independent retailers, builders and developers.

Skyline Champion Corp's management team is led by Mark Yost, the company's President and CEO. Yost has over 30 years of experience in the factory-built housing industry and previously served as the President and CEO of Champion Enterprises Holdings, LLC.

Skyline Champion Corp has reported strong financial results in recent years, reporting increased sales and net income. Skyline Champion Corp's profit margins have also improved recently, and its stock price has performed well. Skyline Champion Corp's valuation metrics are generally in line with industry peers. 

The factory-built housing industry has seen strong growth in recent years, driven by a combination of factors, including affordability, quality and speed of construction. According to the Manufactured Housing Institute, factory-built housing accounted for approximately 10% of all new single-family homes sold in the United States in 2021.

Skyline Champion Corp operates in a highly competitive industry, with numerous players competing for market share. Major competitors include Clayton Homes, Fleetwood Homes and Cavco Industries. In addition, regulatory and political issues, such as zoning restrictions and financing regulations, can also impact the industry.

Skyline Champion Corp has identified several growth opportunities in the coming years. The company is investing in new product development, including energy-efficient homes and homes with advanced technology features. Skyline Champion Corp is also expanding its geographic reach, focusing on growing its presence in the Western United States.

The company has also made several strategic acquisitions in recent years to support its growth strategy. In 2022, Skyline Champion Corp acquired Pinnacle Park Homes, a park model RVs and cabins manufacturer. The acquisition will allow Skyline Champion Corp to expand its product offerings and strengthen its park model RV market position.

While Skyline Champion Corp has demonstrated strong financial performance in recent years, the company faces several potential risks and challenges. For example, consumer preferences or economic conditions could impact demand for factory-built housing, negatively impacting the company's sales and profitability.

Regulatory changes or political issues could also impact the industry, including changes in zoning regulations or financing requirements. Skyline Champion Corp could also face increased market competition, affecting the company's market share and profitability.

In addition, the company's financial performance could be impacted by fluctuations in raw material costs, such as lumber and steel. Skyline Champion Corp may also face challenges related to supply chain disruptions, such as delays in receiving materials or components from suppliers.

SKY Stock Price History

SKY Stock News Headlines

Skyline Champion Corp. Q4 Profit Decreases, Misses Estimates
Wedbush Reaffirms Their Hold Rating on Skyline Champion (SKY)
See More Headlines
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Company Calendar

Last Earnings
5/21/2024
Today
5/28/2024
Next Earnings (Estimated)
8/06/2024
Fiscal Year End
3/31/2025

Industry, Sector and Symbol

Industry
Mobile homes
Sub-Industry
N/A
Employees
7,700
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$71.00
High Stock Price Target
$84.00
Low Stock Price Target
$62.00
Potential Upside/Downside
+0.6%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$146.70 million
Pretax Margin
13.39%

Debt

Sales & Book Value

Annual Sales
$2.02 billion
Cash Flow
$7.41 per share
Book Value
$21.61 per share

Miscellaneous

Free Float
53,711,000
Market Cap
$4.08 billion
Optionable
Optionable
Beta
1.54
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SKY Stock Analysis - Frequently Asked Questions

Should I buy or sell Skyline Champion stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Skyline Champion in the last twelve months. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SKY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SKY, but not buy additional shares or sell existing shares.
View SKY analyst ratings
or view top-rated stocks.

What is Skyline Champion's stock price target for 2024?

5 brokerages have issued 1-year price objectives for Skyline Champion's stock. Their SKY share price targets range from $62.00 to $84.00. On average, they predict the company's share price to reach $71.00 in the next year. This suggests a possible upside of 0.6% from the stock's current price.
View analysts price targets for SKY
or view top-rated stocks among Wall Street analysts.

How have SKY shares performed in 2024?

Skyline Champion's stock was trading at $74.26 on January 1st, 2024. Since then, SKY stock has decreased by 4.9% and is now trading at $70.59.
View the best growth stocks for 2024 here
.

When is Skyline Champion's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 6th 2024.
View our SKY earnings forecast
.

How were Skyline Champion's earnings last quarter?

Skyline Champion Co. (NYSE:SKY) issued its quarterly earnings results on Tuesday, May, 21st. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by $0.05. The company earned $536.36 million during the quarter, compared to analyst estimates of $560.90 million. Skyline Champion had a net margin of 7.24% and a trailing twelve-month return on equity of 13.50%. Skyline Champion's revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.00 EPS.

Who are Skyline Champion's major shareholders?

Skyline Champion's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.09%), Capital World Investors (6.13%), Wasatch Advisors LP (2.47%), William Blair Investment Management LLC (2.07%), Vaughan Nelson Investment Management L.P. (1.40%) and Silvercrest Asset Management Group LLC (1.37%). Insiders that own company stock include Erin Mulligan Nelson, Gary E Robinette, Jonathan Wade Lyall, Joseph A Kimmell, Keith A Anderson, Laurie M Hough, Mark J Yost, Michael B Berman and Timothy A Burkhardt.
View institutional ownership trends
.

How do I buy shares of Skyline Champion?

Shares of SKY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:SKY) was last updated on 5/29/2024 by MarketBeat.com Staff

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