Shares of Skyline Champion Co. (NYSE:SKY – Get Free Report) were up 4.5% on Monday . The company traded as high as $66.21 and last traded at $65.99. Approximately 16,025 shares traded hands during trading, a decline of 96% from the average daily volume of 427,166 shares. The stock had previously closed at $63.13.
Analyst Ratings Changes
A number of research analysts recently weighed in on SKY shares. Jefferies Financial Group raised their price objective on Skyline Champion from $61.00 to $62.00 and gave the company a “hold” rating in a research report on Thursday, July 13th. Craig Hallum increased their target price on Skyline Champion from $75.00 to $81.00 and gave the company a “buy” rating in a research note on Wednesday, August 16th. Wedbush reiterated an “outperform” rating and set a $78.00 target price on shares of Skyline Champion in a research note on Tuesday, August 15th. Royal Bank of Canada cut their target price on Skyline Champion from $63.00 to $62.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 3rd. Finally, StockNews.com initiated coverage on Skyline Champion in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $68.60.
Check Out Our Latest Report on Skyline Champion
Skyline Champion Stock Up 5.4 %
Skyline Champion (NYSE:SKY – Get Free Report) last released its earnings results on Tuesday, August 1st. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.11. The company had revenue of $464.77 million for the quarter, compared to the consensus estimate of $463.48 million. Skyline Champion had a return on equity of 28.09% and a net margin of 14.32%. Skyline Champion’s quarterly revenue was down 36.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.04 earnings per share. Sell-side analysts anticipate that Skyline Champion Co. will post 3.67 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Skyline Champion
Institutional investors and hedge funds have recently bought and sold shares of the business. Tucker Asset Management LLC bought a new stake in Skyline Champion during the first quarter valued at about $28,000. West Tower Group LLC bought a new stake in Skyline Champion during the second quarter valued at about $57,000. Federated Hermes Inc. raised its holdings in Skyline Champion by 1,610.0% during the first quarter. Federated Hermes Inc. now owns 1,026 shares of the company’s stock valued at $77,000 after acquiring an additional 966 shares during the period. US Bancorp DE raised its holdings in Skyline Champion by 805.5% during the first quarter. US Bancorp DE now owns 1,150 shares of the company’s stock valued at $87,000 after acquiring an additional 1,023 shares during the period. Finally, Covestor Ltd increased its holdings in shares of Skyline Champion by 8,505.3% in the first quarter. Covestor Ltd now owns 1,635 shares of the company’s stock worth $90,000 after purchasing an additional 1,616 shares during the last quarter.
Skyline Champion Company Profile
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.
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