Skyline Champion (NYSE:SKY) Shares Down 5% – Should You Sell?

Skyline Champion Co. (NYSE:SKY)’s stock price was down 5% during trading on Monday . The stock traded as low as $91.17 and last traded at $91.20. Approximately 393,471 shares traded hands during mid-day trading, a decline of 10% from the average daily volume of 438,759 shares. The stock had previously closed at $96.03.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Craig Hallum raised their price objective on shares of Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Jefferies Financial Group upped their price objective on Skyline Champion from $79.00 to $86.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Royal Bank of Canada lifted their target price on Skyline Champion from $82.00 to $88.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. Finally, Barclays upped their price target on Skyline Champion from $85.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Skyline Champion presently has an average rating of “Hold” and a consensus price target of $85.40.

Skyline Champion Stock Down 5.1 %

The company has a fifty day moving average price of $98.10 and a 200-day moving average price of $87.80. The firm has a market capitalization of $5.23 billion, a PE ratio of 35.19 and a beta of 1.59. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.64 and a current ratio of 2.42.

Skyline Champion (NYSE:SKY) last released its earnings results on Monday, October 28th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.32. The firm had revenue of $616.88 million during the quarter, compared to analyst estimates of $600.52 million. Skyline Champion had a net margin of 6.42% and a return on equity of 13.20%. The business’s revenue was up 32.9% on a year-over-year basis. During the same quarter last year, the business earned $0.82 EPS. As a group, analysts expect that Skyline Champion Co. will post 3.43 earnings per share for the current year.

Hedge Funds Weigh In On Skyline Champion

Several institutional investors have recently bought and sold shares of SKY. Truvestments Capital LLC purchased a new stake in shares of Skyline Champion during the 3rd quarter valued at $32,000. Quarry LP purchased a new stake in Skyline Champion in the third quarter valued at about $67,000. nVerses Capital LLC acquired a new stake in Skyline Champion in the third quarter worth about $76,000. MML Investors Services LLC purchased a new stake in shares of Skyline Champion during the third quarter worth about $216,000. Finally, Cannon Global Investment Management LLC acquired a new position in shares of Skyline Champion during the second quarter valued at about $217,000.

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.