Champion Homes, Inc. (NYSE:SKY) Receives $104.00 Consensus PT from Brokerages

Champion Homes, Inc. (NYSE:SKYGet Free Report) has received an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $104.00.

A number of analysts have weighed in on the company. Weiss Ratings upgraded Champion Homes from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. Citigroup started coverage on Champion Homes in a research report on Friday, June 5th. They set a “buy” rating and a $93.00 target price on the stock. Barclays raised their target price on Champion Homes from $102.00 to $109.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Royal Bank Of Canada lifted their target price on Champion Homes from $92.00 to $99.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Finally, Zacks Research raised Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th.

Get Our Latest Report on Champion Homes

Insiders Place Their Bets

In other Champion Homes news, Director Michael Berman sold 1,500 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $93.22, for a total value of $139,830.00. Following the transaction, the director directly owned 6,825 shares of the company’s stock, valued at approximately $636,226.50. This trade represents a 18.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Erin Helgren sold 1,100 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $95.00, for a total transaction of $104,500.00. Following the completion of the transaction, the director directly owned 8,196 shares in the company, valued at approximately $778,620. The trade was a 11.83% decrease in their position. The SEC filing for this sale provides additional information. 0.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Champion Homes

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in Champion Homes during the second quarter valued at approximately $794,354,000. Wasatch Advisors LP boosted its holdings in shares of Champion Homes by 221.3% in the 1st quarter. Wasatch Advisors LP now owns 2,736,767 shares of the company’s stock worth $203,533,000 after purchasing an additional 1,885,046 shares in the last quarter. Bamco Inc. NY purchased a new position in shares of Champion Homes during the fourth quarter worth approximately $61,308,000. Bank of America Corp DE purchased a new stake in Champion Homes during the second quarter valued at about $52,406,000. Finally, Neumeier Poma Investment Counsel LLC bought a new position in Champion Homes during the 2nd quarter worth approximately $51,446,747.

Champion Homes Stock Up 2.2%

Shares of NYSE SKY opened at $86.42 on Thursday. The company has a market capitalization of $4.69 billion, a P/E ratio of 25.20 and a beta of 1.01. Champion Homes has a 52-week low of $63.69 and a 52-week high of $99.17. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 2.74. The company’s 50 day moving average price is $86.71 and its 200-day moving average price is $80.70.

Champion Homes (NYSE:SKYGet Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.01. The company had revenue of $710.23 million during the quarter, compared to analysts’ expectations of $701.98 million. Champion Homes had a net margin of 7.16% and a return on equity of 12.52%. Champion Homes’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.19 earnings per share. Equities analysts forecast that Champion Homes will post 3.4 earnings per share for the current year.

About Champion Homes

(Get Free Report)

Champion Homes, Inc, formerly known as Skyline Champion Corporation, designs and manufactures factory-built housing for residential, commercial and specialized applications. Its portfolio includes manufactured homes, modular homes, park model homes, accessory dwelling units and other prefabricated structures, offered through a range of brands and configurations.

The company sells its products through independent and company-owned retailers, builders and developers, serving customers across the United States and parts of Canada.

Further Reading

Analyst Recommendations for Champion Homes (NYSE:SKY)

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