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

Skyline Champion (NYSE:SKY) had its price objective cut by Barclays from $106.00 to $97.00 in a research report report published on Tuesday,Benzinga reports. They currently have 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 research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Skyline Champion currently has an average rating of “Hold” and a consensus target price of $88.40.

Skyline Champion Trading Down 4.0 %

Shares of Skyline Champion stock opened at $83.06 on Tuesday. Skyline Champion has a 1 year low of $64.82 and a 1 year high of $116.49. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 29.25 and a beta of 1.41. The business has a fifty day simple moving average of $96.86 and a two-hundred day simple moving average of $95.50. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.59 and a quick ratio of 1.74.

Skyline Champion (NYSE:SKY) last announced its earnings results on Tuesday, February 4th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.80 by $0.24. Skyline Champion had a net margin of 6.80% and a return on equity of 13.80%. Research analysts forecast that Skyline Champion will post 3.63 EPS for the current year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Skyline Champion

Institutional investors and hedge funds have recently bought and sold shares of the company. Portside Wealth Group LLC raised its position in shares of Skyline Champion by 7.4% in the 1st quarter. Portside Wealth Group LLC now owns 3,567 shares of the company’s stock valued at $314,000 after buying an additional 246 shares in the last quarter. GAMMA Investing LLC increased its stake in Skyline Champion by 38,372.4% in the first quarter. GAMMA Investing LLC now owns 96,181 shares of the company’s stock valued at $9,114,000 after acquiring an additional 95,931 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Skyline Champion during the fourth quarter valued at approximately $8,833,000. GTS Securities LLC bought a new stake in Skyline Champion during the fourth quarter worth $382,000. Finally, Castleark Management LLC boosted its holdings in shares of Skyline Champion by 19.2% in the 4th quarter. Castleark Management LLC now owns 59,020 shares of the company’s stock valued at $5,200,000 after purchasing an additional 9,520 shares in 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.