Barclays Remains a Buy on Skyline Champion (SKY)

In a report issued on February 4, Matthew Bouley from Barclays maintained a Buy rating on Skyline Champion (SKYResearch Report), with a price target of $100.00. The company’s shares closed last Friday at $72.35.

According to, Bouley is a 5-star analyst with an average return of 22.2% and a 61.7% success rate. Bouley covers the Industrial Goods sector, focusing on stocks such as Cornerstone Building Brands, Advanced Drainage Systems, and Builders Firstsource.

Skyline Champion has an analyst consensus of Strong Buy, with a price target consensus of $99.33, representing a 36.2% upside. In a report issued on February 4, RBC Capital also upgraded the stock to Buy with a $87.00 price target.

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Based on Skyline Champion’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $524 million and net profit of $50.72 million. In comparison, last year the company earned revenue of $322 million and had a net profit of $17.51 million.

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SKY in relation to earlier this year.

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Skyline Champion Corp. engages in the manufacture and retail of mobile homes and other manufactured housing. It builds homes under the following brands: Skyline Homes, Champion Home Builders, Athens Park Model RVs, Dutch Housing, Excel Homes, Homes of Merit, New Era, Redman Homes, Shore Park, Silvercrest, Titan Homes in the U.S. and Moduline and SRI Homes in western Canada. The company was founded on June 1, 2018 and is headquartered in Elkhart, IN.

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