StockNews.com Lowers Skyline Champion (NYSE:SKY) to Sell

StockNews.com downgraded shares of Skyline Champion (NYSE:SKY) from a hold rating to a sell rating in a report published on Thursday.

Several other equities analysts have also issued reports on the stock. Craig Hallum dropped their target price on shares of Skyline Champion from $88.00 to $84.00 and set a buy rating on the stock in a report on Thursday. Wedbush restated a neutral rating and issued a $72.00 target price on shares of Skyline Champion in a report on Wednesday. Finally, Royal Bank of Canada decreased their price target on shares of Skyline Champion from $73.00 to $68.00 and set a sector perform rating for the company in a research note on Thursday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Hold and an average target price of $71.00.

Skyline Champion Price Performance

SKY stock opened at $71.68 on Thursday. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of 28.22 and a beta of 1.54. The company has a quick ratio of 1.71, a current ratio of 2.56 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. The company’s fifty day simple moving average is $79.04 and its 200 day simple moving average is $74.24.

Skyline Champion (NYSE:SKY) last released its earnings results on Tuesday, May 21st. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.05). The firm had revenue of $536.36 million during the quarter, compared to analyst estimates of $560.90 million. Skyline Champion had a net margin of 7.24% and a return on equity of 13.50%. Skyline Champion’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.00 EPS. On average, analysts expect that Skyline Champion will post 3.03 earnings per share for the current year.

Institutional Investors Weigh In On Skyline Champion

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Headlands Technologies LLC bought a new stake in shares of Skyline Champion during the first quarter worth about $63,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Skyline Champion during the third quarter worth about $94,000. Kessler Investment Group LLC bought a new stake in shares of Skyline Champion during the fourth quarter worth about $123,000. Vestmark Advisory Solutions Inc. bought a new stake in shares of Skyline Champion during the fourth quarter worth about $219,000. Finally, Outlook Wealth Advisors LLC bought a new stake in shares of Skyline Champion during the fourth quarter worth about $231,000.

Skyline Champion Company Profile

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.