Champion Homes (NYSE: SKY) saw its price target reduced by analysts at Royal Bank of Canada from $99.00 to $94.00, despite maintaining an "outperform" rating. The revised target still suggests an 18.47% upside from the current stock price.
The company has attracted mixed opinions from other analysts as well. Zelman & Associates upgraded their rating to "outperform", while Barclays raised their price target to $109.00 with an "overweight" rating. However, Oppenheimer initiated coverage with a "market perform" rating, indicating more cautious sentiment.
Champion Homes recently reported quarterly earnings of $0.88 per share, slightly beating estimates. The company's revenue for the quarter was $710.23 million, up 1.3% year-over-year. The stock has a 52-week range of $63.87 to $99.17 and a current price of $79.34.
Insider activity includes directors selling shares, with Director Erin Helgren selling 1,100 shares at $95.00 each, and Director Michael Berman selling 1,500 shares at $93.22 each. Meanwhile, several large investors have increased their stakes in the company, including BlackRock Inc. and Bank of America Corp DE.