Is Skyline Champion Corporation (SKY) Set To Achieve Price Targets?

The stock of Skyline Champion Corporation (NYSE:SKY) decreased by -$8.53 on Tuesday to finish at $45.10, down -15.91 percent. The last five days have seen an average of 871,860 shares of common stock traded. 3 times new highs were reached in the current year, with a fall of -$33.88. The average number of shares traded over the last 20 days was 658,435, while the average volume over the last 50 days totaled 620,318.

SKY stock dropped -14.83% since last month. On 05/24/22, the company’s shares reached a one-month low of $44.00. The stock touched a high of $85.92 on 02/10/22, after rallying from a low of $41.87 in 52 weeks. The price of SKY stock has declined by -42.90% or -$33.88 this year, reaching a new high 3 times. Still, the stock price is down -47.51% from the 52-week high.


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Insider Transactions

There have been 69 days since Skyline Champion Corporation (SKY) last reported insider trading activity on Mar 17. On Mar 17, VP & Controller Burkhardt Timothy A. sold 2,500 shares at $68.55 each. This transaction resulted in the insider making $171,375. On Feb 15, KIMMELL JOSEPH A. sold 6,931 shares at a price of US$74.85. After the transaction, the insider now owns 39,490 shares. EVP KIMMELL JOSEPH A. had earlier sold 8,031 shares on Nov 09 for $76.59 a share. The transaction was completed for $615,094.

Valuation Metrics

Skyline Champion Corporation (SKY) has a trailing price-to-earnings (P/E) ratio of 13.23. Beta for the stock is 1.86. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.26, the price-to-book (PB) ratio of 3.50, and the price-to-cash flow ratio of 13.53.

Company paid $0.623810 per share in dividends, a decrease of -94.93% from $12.30 last year.

Financial Health

For the three months ended December 30, Skyline Champion Corporation’s quick ratio was 1.60, while its current ratio was 2.20, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending December 30 is 0.02, and the total debt to equity ratio is 0.06. As far as profitability goes, gross margin for the trailing twelve months is 24.70% percent. Skyline Champion Corporation’s EBITDA margin for the year ended December 30 was 8.97%, whereas its operating margin stood at 13.00% for the same period. Based on annual data, it had gross profit of $287.69 million and revenue of $1.42 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SKY’s return on assets (ROA) during the last 12 months has been 19.60%. There was a 13.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 30.30%.

Earnings Surprise

According to Skyline Champion Corporation’s quarterly financial report for the quarter that ended December 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $534.69 million, while revenues rose by 29.38% to $524.23 million. It was predicted that Skyline Champion Corporation’s quarterly earnings would be $1.18, but it ended up being $0.74, beating the consensus by 59.50%. EBITDA was $96.75 million for the quarter. At the end of Skyline Champion Corporation’s most recent quarter ended December 30, its liabilities totaled 334.77 million, while its total debt was $46.74 million. Equity owned by shareholders amounts to $56.83 million.

Technical Picture

Here’s a quick look at Skyline Champion Corporation’s (SKY) price momentum from a technical perspective. As of 24 May, the RSI 9-day stood at 30.66%, suggesting the stock is Neutral, with a 107.34% historical volatility rate.

The stochastic %K and %D were 36.39% and 44.99% respectively, while the average true range (ATR) was 3.97. Based on the 14-day stochastic reading of 7.45%, the RSI (14) reading is 35.81%. On the 9-day MACD Oscillator, the stock is at -1.99, and the 14-day reading is at -1.85.

Analyst Ratings

In its most recent analyst report, RBC Capital Mkts raised its rating on Skyline Champion Corporation (NYSE: SKY) to an Outperform. Prior to this, analysts firm rated the stock as a Sector perform.

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