Champion Homes (NYSE:SKY) Coverage Initiated by Analysts at Citigroup

Citigroup started coverage on shares of Champion Homes (NYSE:SKY) in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage set a “buy” rating and a $93.00 price target on the stock. Citigroup’s price objective would suggest a potential upside of 24.46% from the stock’s current price.

A number of other research firms have also weighed in on SKY. UBS Group started coverage on Champion Homes in a report on Friday. They set a “buy” rating and a $93.00 target price for the company. Weiss Ratings lowered shares of Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 27th. Barclays dropped their target price on shares of Champion Homes from $106.00 to $94.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 27th. Royal Bank Of Canada decreased their price target on shares of Champion Homes from $101.00 to $92.00 and set an “outperform” rating for the company in a report on Wednesday, May 27th. Finally, Zacks Research lowered Champion Homes from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Champion Homes currently has a consensus rating of “Moderate Buy” and an average target price of $93.00.

Champion Homes Stock Up 0.2%

NYSE SKY traded up $0.14 on Friday, reaching $74.72. 367,356 shares of the stock traded hands, compared to its average volume of 695,873. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 20.42 and a beta of 1.04. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 2.48. Champion Homes has a 12 month low of $59.44 and a 12 month high of $99.17. The company has a fifty day moving average price of $74.43 and a 200-day moving average price of $82.20.

Champion Homes (NYSE:SKY) last released its quarterly earnings data on Wednesday, May 13th. The company reported $999.00 earnings per share for the quarter. Champion Homes had a net margin of 7.77% and a return on equity of 13.80%. As a group, research analysts forecast that Champion Homes will post 3.4 EPS for the current fiscal year.

Hedge Funds Weigh In On Champion Homes

Several large investors have recently made changes to their positions in the company. Royal Bank of Canada increased its stake in shares of Champion Homes by 66.1% in the 1st quarter. Royal Bank of Canada now owns 10,804 shares of the company’s stock valued at $1,024,000 after purchasing an additional 4,301 shares in the last quarter. AQR Capital Management LLC acquired a new stake in Champion Homes in the first quarter valued at approximately $294,000. Millennium Management LLC grew its holdings in Champion Homes by 712.0% in the first quarter. Millennium Management LLC now owns 70,029 shares of the company’s stock valued at $6,636,000 after purchasing an additional 61,405 shares during the period. Hsbc Holdings PLC purchased a new stake in shares of Champion Homes in the second quarter valued at approximately $408,000. Finally, Invesco Ltd. raised its stake in shares of Champion Homes by 150.6% during the 2nd quarter. Invesco Ltd. now owns 655,107 shares of the company’s stock worth $41,016,000 after buying an additional 393,686 shares during the period.

Champion Homes Company Profile

Champion Homes, traded under the NYSE ticker SKY, operates as a leading provider of factory-built housing solutions in North America. The company specializes in the design, manufacture and sale of manufactured and modular homes, serving a broad spectrum of customers from first-time homebuyers to those seeking upscale residential properties. Champion Homes leverages vertically integrated operations to streamline production, ensuring consistent quality and cost efficiencies across its product lines.

The company’s product portfolio encompasses single- and multi-section modular homes, manufactured home models, park models and select commercial modular buildings.