Skyline Champion (NYSE:SKY) Stock Price Expected to Rise, Barclays Analyst Says

Skyline Champion (NYSE:SKY) had its price target increased by stock analysts at Barclays from $90.00 to $106.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price suggests a potential upside of 2.03% from the company’s previous close.

SKY has been the subject of a number of other research reports. Craig Hallum upped their price target on Skyline Champion from $92.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Jefferies Financial Group increased their target price on Skyline Champion from $79.00 to $86.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, Royal Bank of Canada raised their target price on shares of Skyline Champion from $88.00 to $96.00 and gave the stock a “sector perform” rating in a report on Thursday. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Skyline Champion currently has a consensus rating of “Hold” and an average target price of $90.20.

Skyline Champion Price Performance

SKY stock opened at $103.89 on Thursday. The company has a quick ratio of 1.64, a current ratio of 2.42 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $5.96 billion, a price-to-earnings ratio of 40.11 and a beta of 1.62. The stock’s fifty day simple moving average is $94.76 and its 200-day simple moving average is $92.51. Skyline Champion has a 52-week low of $64.82 and a 52-week high of $116.49.

Skyline Champion (NYSE:SKY) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.24. Skyline Champion had a return on equity of 13.20% and a net margin of 6.42%. Equities research analysts expect that Skyline Champion will post 3.43 EPS for the current year.

Hedge Funds Weigh In On Skyline Champion

A number of institutional investors and hedge funds have recently bought and sold shares of SKY. Truvestments Capital LLC bought a new position in Skyline Champion during the third quarter valued at about $32,000. Quarry LP purchased a new position in shares of Skyline Champion during the third quarter valued at $67,000. nVerses Capital LLC acquired a new position in shares of Skyline Champion in the 3rd quarter valued at about $76,000. Venturi Wealth Management LLC purchased a new stake in Skyline Champion in the 4th quarter worth approximately $112,000. Finally, KBC Group NV boosted its position in Skyline Champion by 53.9% during the fourth quarter. KBC Group NV now owns 2,288 shares of the company’s stock valued at $202,000 after purchasing an additional 801 shares during the last quarter.

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.