Champion Homes (NYSE:SKY) Coverage Initiated by Analysts at Citigroup

Citigroup started coverage on shares of Champion Homes (NYSE:SKY) in a report issued on Friday morning,Benzinga reports. The brokerage issued a buy rating and a $93.00 target price on the stock.

Several other research analysts also recently commented on the stock. Zacks Research downgraded shares of Champion Homes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 27th. Barclays decreased their price target on shares of Champion Homes from $106.00 to $94.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 27th. UBS Group initiated coverage on shares of Champion Homes in a research note on Friday. They issued a “buy” rating and a $93.00 target price on the stock. Weiss Ratings downgraded shares of Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 27th. Finally, Royal Bank Of Canada decreased their target price on shares of Champion Homes from $101.00 to $92.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

Champion Homes Trading Up 0.0%

SKY stock opened at $74.60 on Friday. The company has a market capitalization of $4.09 billion, a PE ratio of 20.38 and a beta of 1.04. Champion Homes has a one year low of $59.44 and a one year high of $99.17. The company’s 50 day moving average price is $74.41 and its two-hundred day moving average price is $82.15. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 2.48.

Champion Homes (NYSE:SKY) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $999.00 EPS for the quarter. Champion Homes had a net margin of 7.77% and a return on equity of 13.80%. As a group, analysts predict that Champion Homes will post 3.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SKY. Wellington Management Group LLP boosted its holdings in Champion Homes by 7.5% in the third quarter. Wellington Management Group LLP now owns 4,800,562 shares of the company’s stock valued at $366,619,000 after acquiring an additional 333,666 shares in the last quarter. Wasatch Advisors LP boosted its holdings in Champion Homes by 221.3% in the first quarter. Wasatch Advisors LP now owns 2,736,767 shares of the company’s stock valued at $203,533,000 after acquiring an additional 1,885,046 shares in the last quarter. State Street Corp boosted its holdings in Champion Homes by 4.0% in the second quarter. State Street Corp now owns 2,579,091 shares of the company’s stock valued at $161,477,000 after acquiring an additional 98,659 shares in the last quarter. Capital Research Global Investors boosted its holdings in Champion Homes by 1.1% in the third quarter. Capital Research Global Investors now owns 1,762,378 shares of the company’s stock valued at $134,593,000 after acquiring an additional 19,784 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Champion Homes by 4.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,736,164 shares of the company’s stock valued at $129,111,000 after acquiring an additional 80,531 shares in the last quarter.

About Champion Homes

Champion Homes, traded under the NYSE ticker SKY, operates as a leading provider of factory-built housing solutions in North America. The company specializes in the design, manufacture and sale of manufactured and modular homes, serving a broad spectrum of customers from first-time homebuyers to those seeking upscale residential properties. Champion Homes leverages vertically integrated operations to streamline production, ensuring consistent quality and cost efficiencies across its product lines.

The company’s product portfolio encompasses single- and multi-section modular homes, manufactured home models, park models and select commercial modular buildings.