Barclays Cuts Skyline Champion (NYSE:SKY) Price Target to $97.00

Skyline Champion (NYSE:SKY) had its target price trimmed by Barclays from $106.00 to $97.00 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Separately, Royal Bank of Canada increased their target price on Skyline Champion from $88.00 to $96.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $88.40.

Skyline Champion Price Performance

Shares of SKY stock opened at $83.06 on Tuesday. The company has a quick ratio of 1.74, a current ratio of 2.59 and a debt-to-equity ratio of 0.02. Skyline Champion has a 12-month low of $64.82 and a 12-month high of $116.49. The firm has a fifty day moving average of $96.86 and a 200-day moving average of $95.50. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 29.25 and a beta of 1.41.

Skyline Champion (NYSE:SKY) last posted its earnings results on Tuesday, February 4th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.24. Skyline Champion had a return on equity of 13.80% and a net margin of 6.80%. On average, equities research analysts forecast that Skyline Champion will post 3.63 earnings per share for the current year.

Insider Transactions at Skyline Champion

In other news, VP Timothy A. Burkhardt sold 3,823 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $106.87, for a total value of $408,564.01. Following the sale, the vice president now owns 32,706 shares of the company’s stock, valued at $3,495,290.22. The trade was a 10.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Joseph A. Kimmell sold 4,335 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $104.21, for a total transaction of $451,750.35. Following the completion of the transaction, the executive vice president now directly owns 39,411 shares of the company’s stock, valued at approximately $4,107,020.31. This trade represents a 9.91 % decrease in their position. The disclosure for this sale can be found here. 6.90% of the stock is owned by insiders.

Institutional Trading of Skyline Champion

Institutional investors and hedge funds have recently bought and sold shares of the stock. SkyView Investment Advisors LLC increased its position in shares of Skyline Champion by 2.2% during the 3rd quarter. SkyView Investment Advisors LLC now owns 6,243 shares of the company’s stock worth $592,000 after purchasing an additional 132 shares during the last quarter. Ulland Investment Advisors LLC increased its holdings in Skyline Champion by 0.3% during the fourth quarter. Ulland Investment Advisors LLC now owns 52,610 shares of the company’s stock worth $4,635,000 after buying an additional 171 shares during the last quarter. Summit Investment Advisors Inc. raised its position in Skyline Champion by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,613 shares of the company’s stock worth $495,000 after acquiring an additional 178 shares in the last quarter. HighTower Advisors LLC lifted its stake in Skyline Champion by 3.7% in the fourth quarter. HighTower Advisors LLC now owns 5,019 shares of the company’s stock valued at $442,000 after acquiring an additional 180 shares during the last quarter. Finally, Two Sigma Advisers LP grew its position in shares of Skyline Champion by 3.6% in the 4th quarter. Two Sigma Advisers LP now owns 5,800 shares of the company’s stock valued at $511,000 after acquiring an additional 200 shares during the period.

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.