Champion Homes (NYSE:SKY) Now Covered by Analysts at Citigroup

Equities research analysts at Citigroup initiated coverage on shares of Champion Homes (NYSE:SKY) in a research report issued to clients and investors on Friday,Benzinga reports. The firm set a “buy” rating and a $93.00 price target on the stock. Citigroup’s price objective suggests a potential upside of 24.46% from the company’s previous close.

Several other equities research analysts have also recently commented on the company. Royal Bank Of Canada cut their price target on Champion Homes from $101.00 to $92.00 and set an “outperform” rating for the company in a report on Wednesday, May 27th. Zacks Research downgraded Champion Homes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 27th. Barclays reduced their price target on Champion Homes from $106.00 to $94.00 and set an “overweight” rating on the stock in a report on Wednesday, May 27th. Zelman & Associates lowered shares of Champion Homes from an “outperform” rating to a “hold” rating in a report on Thursday, February 5th. Finally, Weiss Ratings cut shares of Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

Champion Homes Price Performance

Champion Homes stock traded up $0.14 during midday trading on Friday, reaching $74.72. The company had a trading volume of 367,356 shares, compared to its average volume of 695,873. The company has a market capitalization of $4.10 billion, a P/E ratio of 20.42 and a beta of 1.04. Champion Homes has a 12-month low of $59.44 and a 12-month high of $99.17. The firm’s fifty day simple moving average is $74.43 and its 200-day simple moving average is $82.20. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.48 and a quick ratio of 1.69.

Champion Homes (NYSE:SKY) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $999.00 EPS for the quarter. Champion Homes had a return on equity of 13.80% and a net margin of 7.77%. As a group, equities analysts anticipate that Champion Homes will post 3.4 EPS for the current year.

Hedge Funds Weigh In On Champion Homes

Hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC grew its position in Champion Homes by 668.6% in the 1st quarter. Parallel Advisors LLC now owns 392 shares of the company’s stock valued at $29,000 after acquiring an additional 341 shares in the last quarter. Argent Capital Management LLC boosted its stake in shares of Champion Homes by 40.7% in the first quarter. Argent Capital Management LLC now owns 24,164 shares of the company’s stock valued at $1,797,000 after purchasing an additional 6,994 shares during the period. Bank of America Corp DE boosted its stake in shares of Champion Homes by 8.9% in the first quarter. Bank of America Corp DE now owns 577,007 shares of the company’s stock valued at $42,912,000 after purchasing an additional 47,140 shares during the period. Janus Henderson Group PLC grew its holdings in shares of Champion Homes by 42.5% in the first quarter. Janus Henderson Group PLC now owns 146,528 shares of the company’s stock valued at $10,901,000 after purchasing an additional 43,678 shares in the last quarter. Finally, Arkadios Wealth Advisors increased its stake in Champion Homes by 5.1% during the 1st quarter. Arkadios Wealth Advisors now owns 7,103 shares of the company’s stock worth $528,000 after buying an additional 345 shares during the period.

About Champion Homes

Champion Homes, traded under the NYSE ticker SKY, operates as a leading provider of factory-built housing solutions in North America. The company specializes in the design, manufacture and sale of manufactured and modular homes, serving a broad spectrum of customers from first-time homebuyers to those seeking upscale residential properties. Champion Homes leverages vertically integrated operations to streamline production, ensuring consistent quality and cost efficiencies across its product lines.

The company’s product portfolio encompasses single- and multi-section modular homes, manufactured home models, park models and select commercial modular buildings.