Skyline Champion (NYSE:SKY) Rating Reiterated by Wedbush

Skyline Champion (NYSE:SKY)‘s stock had its “neutral” rating reiterated by equities researchers at Wedbush in a research note issued on Wednesday, Benzinga reports. They presently have a $72.00 target price on the stock. Wedbush’s price objective points to a potential upside of 1.01% from the stock’s current price.

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

Skyline Champion Stock Performance

Shares of SKY stock opened at $71.28 on Wednesday. The company’s fifty day moving average price is $79.23 and its 200-day moving average price is $74.01. The stock has a market cap of $4.12 billion, a PE ratio of 28.06 and a beta of 1.54. The company has a current ratio of 2.56, a quick ratio of 1.71 and a debt-to-equity ratio of 0.02. Skyline Champion has a 12 month low of $52.12 and a 12 month high of $86.71.

Skyline Champion (NYSE:SKY) last posted its quarterly earnings data 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 return on equity of 13.50% and a net margin of 7.24%. The business had revenue of $536.36 million for the quarter, compared to the consensus estimate of $560.90 million. During the same period in the previous year, the firm earned $1.00 EPS. The company’s revenue was up 9.1% on a year-over-year basis. On average, equities analysts expect that Skyline Champion will post 3.03 EPS for the current fiscal year.

Hedge Funds Weigh In On Skyline Champion

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Headlands Technologies LLC purchased a new position in shares of Skyline Champion in the first quarter worth $63,000. DekaBank Deutsche Girozentrale purchased a new position in Skyline Champion in the 3rd quarter worth about $94,000. Kessler Investment Group LLC bought a new position in Skyline Champion during the 4th quarter valued at about $123,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Skyline Champion during the 3rd quarter valued at about $216,000. Finally, Vestmark Advisory Solutions Inc. purchased a new stake in shares of Skyline Champion during the 4th quarter valued at about $219,000.

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.