Skyline Champion Co. (NYSE:SKY) Receives Average Recommendation of “Hold” from Brokerages

Shares of Skyline Champion Co. (NYSE:SKY) have earned an average recommendation of “Hold” from the five brokerages that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and one has assigned 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 $71.00.

A number of analysts recently issued reports on SKY shares. StockNews.com lowered shares of Skyline Champion from a “hold” rating to a “sell” rating in a research report on Thursday. Wedbush reiterated a “neutral” rating and issued a $72.00 price target on shares of Skyline Champion in a report on Wednesday. Royal Bank of Canada decreased their price target on shares of Skyline Champion from $73.00 to $68.00 and set a “sector perform” rating on the stock in a report on Thursday. Finally, Craig Hallum decreased their price target on shares of Skyline Champion from $88.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday.

Hedge Funds Weigh In On Skyline Champion

Hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP raised its stake in shares of Skyline Champion by 0.8% in the 4th quarter. Wellington Management Group LLP now owns 8,047,679 shares of the company’s stock valued at $597,621,000 after acquiring an additional 62,748 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Skyline Champion by 6.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,310,969 shares of the company’s stock valued at $97,356,000 after acquiring an additional 81,823 shares during the period. William Blair Investment Management LLC raised its stake in shares of Skyline Champion by 19.1% in the 3rd quarter. William Blair Investment Management LLC now owns 1,112,034 shares of the company’s stock valued at $70,859,000 after acquiring an additional 178,099 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Skyline Champion by 0.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,058,324 shares of the company’s stock valued at $67,432,000 after acquiring an additional 7,855 shares during the period. Finally, Vaughan Nelson Investment Management L.P. raised its stake in shares of Skyline Champion by 15.0% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 808,487 shares of the company’s stock valued at $68,730,000 after acquiring an additional 105,330 shares during the period.

Skyline Champion Trading Down 0.9 %

Shares of Skyline Champion stock opened at $71.28 on Friday. Skyline Champion has a 12-month low of $52.12 and a 12-month high of $86.71. The company has a current ratio of 2.56, a quick ratio of 1.71 and a debt-to-equity ratio of 0.02. The stock has a market cap of $4.12 billion, a PE ratio of 28.06 and a beta of 1.54. The company has a 50-day moving average of $79.23 and a two-hundred day moving average of $74.01.

Skyline Champion (NYSE:SKY) last issued its quarterly earnings data on Tuesday, May 21st. The company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). Skyline Champion had a return on equity of 13.50% and a net margin of 7.24%. The business had revenue of $536.36 million for the quarter, compared to analysts’ expectations of $560.90 million. During the same period last year, the business earned $1.00 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, research analysts anticipate that Skyline Champion will post 3.03 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.