Champion Homes, Inc. (NYSE:SKY) Stock Has Average Target Price of $104.00 According to Analysts

by · The Cerbat Gem

Champion Homes, Inc. (NYSE:SKY – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $102.75.

A number of research firms have commented on SKY. Zacks Research upgraded Champion Homes from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. Zelman & Associates upgraded Champion Homes from a “hold” rating to an “outperform” rating in a research report on Thursday, August 6th. UBS Group increased their target price on Champion Homes from $93.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Weiss Ratings raised Champion Homes from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. Finally, Royal Bank Of Canada decreased their price target on Champion Homes from $99.00 to $94.00 and set an “outperform” rating on the stock in a research report on Thursday.

Get Our Latest Research Report on Champion Homes

Champion Homes Stock Performance

NYSE SKY opened at $77.56 on Monday. The company has a quick ratio of 1.97, a current ratio of 2.74 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $4.21 billion, a P/E ratio of 22.61 and a beta of 1.02. Champion Homes has a 12-month low of $63.87 and a 12-month high of $99.17. The firm has a 50-day moving average price of $86.68 and a two-hundred day moving average price of $81.40.

Champion Homes (NYSE:SKY – Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.87 by $0.01. Champion Homes had a net margin of 7.16% and a return on equity of 12.52%. The company had revenue of $710.23 million for the quarter, compared to analysts’ expectations of $701.98 million. During the same period last year, the firm earned $1.19 earnings per share. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. Analysts anticipate that Champion Homes will post 3.40 earnings per share for the current year.

Insider Activity

In other Champion Homes news, Director Erin Helgren sold 1,100 shares of the 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 sale, the director directly owned 8,196 shares in the company, valued at $778,620. This represents a 11.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael B. Berman sold 1,500 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $93.22, for a total transaction of $139,830.00. Following the completion of the transaction, the director directly owned 6,825 shares in the company, valued at approximately $636,226.50. This represents a 18.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.60% of the company’s stock.

Institutional Trading of Champion Homes

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC lifted its position in shares of Champion Homes by 668.6% during the 1st quarter. Parallel Advisors LLC now owns 392 shares of the company’s stock worth $29,000 after buying an additional 341 shares during the last quarter. Clearstead Trust LLC acquired a new position in Champion Homes during the second quarter worth about $44,000. Versant Capital Management Inc raised its stake in Champion Homes by 80.3% during the third quarter. Versant Capital Management Inc now owns 541 shares of the company’s stock worth $46,000 after acquiring an additional 241 shares in the last quarter. Assetmark Inc. raised its stake in Champion Homes by 16.8% during the first quarter. Assetmark Inc. now owns 1,000 shares of the company’s stock worth $74,000 after acquiring an additional 144 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Champion Homes in the second quarter worth about $85,000.

About Champion Homes

(Get Free Report)

Champion Homes, Inc (NYSE:SKY) is a manufacturer of factory-built housing in North America. The company designs and produces manufactured and modular homes, along with park model recreational vehicles and other off-site construction products. Its homes are sold through independent and company-owned retailers, developers, and other housing channels.

The company’s products serve a range of residential needs, including affordable single-family housing, workforce housing, multifamily developments, accessory dwelling units, and disaster-recovery housing.

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