Skyline Champion’s (SKY) “Neutral” Rating Reiterated at Wedbush

Wedbush reissued their neutral rating on shares of Skyline Champion (NYSE:SKY) in a research note issued to investors on Wednesday morning, Benzinga reports. The brokerage currently has a $72.00 target price on the stock. Wedbush also issued estimates for Skyline Champion’s Q1 2025 earnings at $0.63 EPS, Q2 2025 earnings at $0.58 EPS, Q3 2025 earnings at $0.55 EPS, Q4 2025 earnings at $0.62 EPS, Q1 2026 earnings at $0.63 EPS, Q2 2026 earnings at $0.63 EPS, Q3 2026 earnings at $0.63 EPS and Q4 2026 earnings at $0.69 EPS.

Separately, Royal Bank of Canada boosted their target price on Skyline Champion from $69.00 to $73.00 and gave the company a sector perform rating in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Skyline Champion presently has a consensus rating of Hold and an average target price of $71.00.

Skyline Champion Stock Performance

Shares of SKY stock opened at $71.68 on Wednesday. The stock has a 50-day moving average of $79.04 and a 200-day moving average of $74.24. Skyline Champion has a one year low of $52.12 and a one year high of $86.71. The stock has a market cap of $4.14 billion, a PE ratio of 28.22 and a beta of 1.54. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.56 and a quick ratio of 1.71.

Skyline Champion (NYSE:SKY) last issued its earnings results on Tuesday, May 21st. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.05). Skyline Champion had a net margin of 7.24% and a return on equity of 13.50%. The firm had revenue of $536.36 million during the quarter, compared to the consensus estimate of $560.90 million. During the same period in the previous year, the company posted $1.00 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, sell-side analysts expect that Skyline Champion will post 2.78 earnings per share for the current year.

Institutional Investors Weigh In On Skyline Champion

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Headlands Technologies LLC acquired a new position in Skyline Champion in the 1st quarter worth $63,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Skyline Champion during the third quarter worth about $94,000. Kessler Investment Group LLC bought a new position in shares of Skyline Champion during the fourth quarter worth about $123,000. Vestmark Advisory Solutions Inc. acquired a new stake in Skyline Champion in the 4th quarter valued at approximately $219,000. Finally, Outlook Wealth Advisors LLC bought a new stake in Skyline Champion in the 4th quarter valued at approximately $231,000.

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.