Skyline Champion Corporation (SKY): What is the Risk Factor?

Skyline Champion Corporation (NYSE:SKY) saw an upside of 1.25% to close Friday at $60.81 after adding $0.75 on the day. The 5-day average trading volume is 372,460 shares of the company’s common stock. It has gained $64.47 in the past week and touched a new high 1 time within the past 5 days. An average of 441,085 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 420,452.

SKY’s 1-month performance is -3.52% or -$2.22 on its low of $57.88 reached on 10/01/21. The company’s shares have touched a 52-week low of $23.74 and high of $66.82, with the stock’s rally to the 52-week high happening on 08/27/21. YTD, SKY has achieved 96.54% or $29.87 and has reached a new high 29 times. However, the current price is down -8.99%% from the 52-week high price.


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Insider Transactions

On Aug 27, 36 days have gone by since the last insider trading activity for Skyline Champion Corporation (SKY). KIMMELL JOSEPH A. (EVP) most recently sold 6,000 shares at $62.22 per share on Aug 27. This transaction cost the insider $373,320. VP & Controller, Burkhardt Timothy A., sold 7,362 shares at a price of $63.01 on Aug 10. Then, on Aug 09, Director Anderson Keith A sold 29,723 shares at a price of $60.52 per share. This transaction amounted to $1,798,836.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 140.53 and a low of 11.55. SKY stock has a beta of 2.23. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.10 while the price-to-book (PB) in the most recent quarter is 5.63.

Skyline Champion Corporation’s quick ratio for the period ended June 29 was 1.30, with the current ratio over the same period at 1.90 meaning that SKY stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.06, while the total debt to equity was 0.11. In terms of profitability, the gross margin trailing 12 months is 20.80%The trailing 12-month EBITDA margin is 8.97%. The firm’s gross profit as reported stood at $287.69 million against revenue of $1.42 billion.

The effectiveness of a company’s management is also important for investors when it comes to determining the potential profitability of the investment. Return on investment over the past year is 13.90%. In comparison, the average ROE for the broader industry over the past year is 12.20.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 46.43% to $510.2 million, while revenue of $447.65 million was 12.26% off the previous quarter. Analysts expected SKY to announce $0.51 per share in earnings in its latest quarter, but it posted $0.75, representing a 47.10% surprise. EBITDA for the quarter stood at more than $62.78 million. SKY stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 373.81 million, with total debt at $68.11 million. Shareholders hold equity totaling $56.76 million

Technical Picture

Let’s look briefly at Skyline Champion Corporation (SKY) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 42.02% to suggest the stock is trending Neutral, with historical volatility in this time period at 38.48%.

The stock’s 5-day moving average is $62.15, reflecting a -4.01% or -$2.54 change from its current price. SKY is currently trading -5.21% above its 20-day SMA, +46.42% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +14.07% and +102.09% respectively.

Stochastic %K and %D was 35.87% and 45.74% and the average true range (ATR) pointed at 2.48. The RSI (14) points at 45.71%, while the 14-day stochastic is at 39.76% with the period’s ATR at 2.40. The stock’s 9-day MACD Oscillator is pointing at -1.10 and -1.23 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Skyline Champion Corporation (NYSE: SKY), Wedbush downgraded it to a Neutral rating. They previously had an Outperform rating on the stock. Analysts offering their rating for SKY stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate SKY as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 2 have offered a “buy” rating.

What is SKY’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $61.00 and a high of $83.00, with their median price target at $67.50. Looking at these predictions, the average price target given by analysts is for Skyline Champion Corporation (SKY) stock is $70.17.

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