Skyline Champion Co. (NYSE:SKY) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Skyline Champion Co. (NYSE:SKY) have been assigned an average rating of “Hold” from the five brokerages that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $71.00.

Several analysts have recently commented on SKY shares. StockNews.com lowered Skyline Champion from a “hold” rating to a “sell” rating in a report on Thursday. Royal Bank of Canada decreased their price objective on Skyline Champion from $73.00 to $68.00 and set a “sector perform” rating for the company in a report on Thursday. Craig Hallum decreased their price objective on Skyline Champion from $88.00 to $84.00 and set a “buy” rating for the company in a report on Thursday. Finally, Wedbush reiterated a “neutral” rating and set a $72.00 price objective on shares of Skyline Champion in a report on Wednesday.

Skyline Champion Stock Down 0.9 %

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

Skyline Champion (NYSE:SKY) last posted its earnings results 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). The company had revenue of $536.36 million for the quarter, compared to analysts’ expectations of $560.90 million. Skyline Champion had a return on equity of 13.50% and a net margin of 7.24%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.00 EPS. On average, analysts forecast that Skyline Champion will post 3.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Skyline Champion

Hedge funds have recently made changes to their positions in the company. Zhang Financial LLC acquired a new position in shares of Skyline Champion in the 1st quarter valued at $850,000. Nordea Investment Management AB purchased a new position in shares of Skyline Champion during the 4th quarter valued at about $4,775,000. Mutual of America Capital Management LLC raised its stake in shares of Skyline Champion by 106.2% during the 4th quarter. Mutual of America Capital Management LLC now owns 85,986 shares of the company’s stock valued at $6,385,000 after buying an additional 44,276 shares during the last quarter. Cerity Partners LLC raised its stake in shares of Skyline Champion by 1,363.7% during the 4th quarter. Cerity Partners LLC now owns 81,293 shares of the company’s stock valued at $6,037,000 after buying an additional 75,739 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Skyline Champion by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 573,607 shares of the company’s stock valued at $42,596,000 after buying an additional 14,322 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.