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Recommendations
Cavco Industries price target raised to $204 from $142 at Craig-Hallum » 09:15
05/28/20
05/28
09:15
05/28/20
09:15
CVCO

Cavco Industries

$204.98 /

+6.89 (+3.48%)

Craig-Hallum analyst Greg…

Craig-Hallum analyst Greg Palm raised the firm's price target on Cavco Industries to $204 from $142 and keeps a Hold rating on the shares. The analyst notes that while the quarterly scroll was mixed, commentary on the company's earnings call was notably bullish, as management highlighted a recent improvement in retail traffic and order activity since the initial drop in late March/early April. Palm acknowledges that the magnitude of the recovery has far surpassed his expectations. While the current environment remains highly uncertain, there is potential for a return to year-over-year revenue growth in the September quarter, if current demand rates continue, which implies a sharp "v" shape recovery, he contends.

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CVCO Cavco Industries
$204.98 /

+6.89 (+3.48%)

CVCO Cavco Industries
$204.98 /

+6.89 (+3.48%)

04/02/20 Craig-Hallum
Cavco Industries price target lowered to $142 from $215 at Craig-Hallum
02/03/20 Craig-Hallum
Cavco Industries price target raised to $215 from $192 at Craig-Hallum
07/31/19 Craig-Hallum
Cavco Industries price target raised to $173 from $153 at Craig-Hallum
CVCO Cavco Industries
$204.98 /

+6.89 (+3.48%)

Earnings
Cavco Industries reports Q4 EPS $1.29, consensus $1.55 » 16:16
05/26/20
05/26
16:16
05/26/20
16:16
CVCO

Cavco Industries

$202.93 /

+15.85 (+8.47%)

Reports Q4 revenue…

Reports Q4 revenue $255.3M, versus $241.1 million in the prior year period. The increase was from improved home sales volume, including homes sold from the new Destiny acquisition, changes in product mix and higher home selling prices compared to the prior year.

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CVCO Cavco Industries
$202.93 /

+15.85 (+8.47%)

CVCO Cavco Industries
$202.93 /

+15.85 (+8.47%)

04/02/20 Craig-Hallum
Cavco Industries price target lowered to $142 from $215 at Craig-Hallum
02/03/20 Craig-Hallum
Cavco Industries price target raised to $215 from $192 at Craig-Hallum
07/31/19 Craig-Hallum
Cavco Industries price target raised to $173 from $153 at Craig-Hallum
05/28/19 Craig-Hallum
Cavco Industries price target raised to $153 from $128 at Craig-Hallum
CVCO Cavco Industries
$202.93 /

+15.85 (+8.47%)

Over a quarter ago
Recommendations
Cavco Industries price target lowered to $142 from $215 at Craig-Hallum » 09:06
04/02/20
04/02
09:06
04/02/20
09:06
CVCO

Cavco Industries

$118.00 /

-24.17 (-17.00%)

Craig-Hallum analyst Greg…

Craig-Hallum analyst Greg Palm lowered the firm's price target on Cavco Industries to $142 from $215 as COVID-19 starts to impact traffic and orders. The analyst keeps a Hold rating on the shares.

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CVCO Cavco Industries
$118.00 /

-24.17 (-17.00%)

02/03/20 Craig-Hallum
Cavco Industries price target raised to $215 from $192 at Craig-Hallum
07/31/19 Craig-Hallum
Cavco Industries price target raised to $173 from $153 at Craig-Hallum
05/28/19 Craig-Hallum
Cavco Industries price target raised to $153 from $128 at Craig-Hallum
Hot Stocks
Cavco Industries continues to operate substantially all its facilities » 06:56
03/31/20
03/31
06:56
03/31/20
06:56
CVCO

Cavco Industries

$148.20 /

-7.835 (-5.02%)

Cavco Industries provided…

Cavco Industries provided a business and operations update regarding the novel coronavirus COVID-19 pandemic. The Company is taking actions to minimize exposure and transmission risks while continuing to serve its customers, support its suppliers and maintain a safe work environment for its employees. Based on current guidance from the Department of Homeland Security, housing construction operations are considered essential and can remain in operation during the COVID-19 pandemic. While it is not mandatory for state and local jurisdictions to follow this federal guidance, many state and local jurisdiction restrictive orders provide exceptions for sectors or industries designated to be an essential business, including residential home building. The Company has continued to operate substantially all of its homebuilding and retail sales facilities while working to follow the COVID-19 health guidelines. In addition to health and regulatory guidelines, the Company is sensitive to the variety of factors that are involved in decisions to operate at each location, including the perspectives of employees, local communities, suppliers, retail distributors, and of course, our homebuyers.

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CVCO Cavco Industries
$148.20 /

-7.835 (-5.02%)

02/03/20 Craig-Hallum
Cavco Industries price target raised to $215 from $192 at Craig-Hallum
07/31/19 Craig-Hallum
Cavco Industries price target raised to $173 from $153 at Craig-Hallum
05/28/19 Craig-Hallum
Cavco Industries price target raised to $153 from $128 at Craig-Hallum
Conference/Events
Cavco Industries management to meet with Craig Hallum » 04:55
03/31/20
03/31
04:55
03/31/20
04:55
CVCO

Cavco Industries

$148.20 /

-7.835 (-5.02%)

Meetings to be held in…

Meetings to be held in Los Angeles on March 30 and in San Francisco on March 31 hosted by Craig Hallum.

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CVCO Cavco Industries
$148.20 /

-7.835 (-5.02%)

02/03/20 Craig-Hallum
Cavco Industries price target raised to $215 from $192 at Craig-Hallum
07/31/19 Craig-Hallum
Cavco Industries price target raised to $173 from $153 at Craig-Hallum
05/28/19 Craig-Hallum
Cavco Industries price target raised to $153 from $128 at Craig-Hallum
Conference/Events
Cavco Industries management to meet with Craig Hallum » 04:55
03/30/20
03/30
04:55
03/30/20
04:55
CVCO

Cavco Industries

$156.03 /

+3.6 (+2.36%)

Meetings to be held in…

Meetings to be held in Los Angeles on March 30 and in San Francisco on March 31 hosted by Craig Hallum.

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CVCO Cavco Industries
$156.03 /

+3.6 (+2.36%)

02/03/20 Craig-Hallum
Cavco Industries price target raised to $215 from $192 at Craig-Hallum
07/31/19 Craig-Hallum
Cavco Industries price target raised to $173 from $153 at Craig-Hallum
05/28/19 Craig-Hallum
Cavco Industries price target raised to $153 from $128 at Craig-Hallum
Conference/Events
Cavco Industries management to meet with Craig Hallum » 08:21
03/24/20
03/24
08:21
03/24/20
08:21
CVCO

Cavco Industries

$121.25 /

+3.13 (+2.65%)

Meetings to be held in…

Meetings to be held in Los Angeles on March 30 and in San Francisco on March 31 hosted by Craig Hallum.

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CVCO Cavco Industries
$121.25 /

+3.13 (+2.65%)

02/03/20 Craig-Hallum
Cavco Industries price target raised to $215 from $192 at Craig-Hallum
07/31/19 Craig-Hallum
Cavco Industries price target raised to $173 from $153 at Craig-Hallum
05/28/19 Craig-Hallum
Cavco Industries price target raised to $153 from $128 at Craig-Hallum
Recommendations
Cavco Industries price target raised to $215 from $192 at Craig-Hallum » 08:40
02/03/20
02/03
08:40
02/03/20
08:40
CVCO

Cavco Industries

$224.82 /

+16.31 (+7.82%)

Craig-Hallum analyst Greg…

Craig-Hallum analyst Greg Palm raised his price target for Cavco to $215 from $192 after the company reported "solid" quarterly results, with upside to revenue, margins and overall profitability. The analyst continues to applaud overall execution but remains on the sidelines due to the pending SEC investigation, among other reasons. He has a Hold rating on the shares.

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CVCO Cavco Industries
$224.82 /

+16.31 (+7.82%)

07/31/19 Craig-Hallum
Cavco Industries price target raised to $173 from $153 at Craig-Hallum
05/28/19 Craig-Hallum
Cavco Industries price target raised to $153 from $128 at Craig-Hallum
02/06/19 Craig-Hallum
Cavco Industries price target lowered to $128 from $170 at Craig-Hallum
Earnings
Cavco Industries reports Q3 EPS $2.25, consensus $1.92 » 16:10
01/30/20
01/30
16:10
01/30/20
16:10
CVCO

Cavco Industries

$209.36 /

-8.59 (-3.94%)

Reports Q3 revenue…

Reports Q3 revenue $273.7M, consensus $262.34M. Factory-built housing shipments have increased in recent months, helping to bring elevated sales order backlogs down to approximately 6 weeks of production, or $115 million. This is compared to approximately 7 weeks, or $137 million, at the end of the most recent quarter ended September 28, 2019, and down from approximately 10 weeks of production, or $166 million, at December 29, 2018. At 6 weeks of production, the Company views the current backlog to be healthy and still above ideal levels.

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CVCO Cavco Industries
$209.36 /

-8.59 (-3.94%)

07/31/19 Craig-Hallum
Cavco Industries price target raised to $173 from $153 at Craig-Hallum
05/28/19 Craig-Hallum
Cavco Industries price target raised to $153 from $128 at Craig-Hallum
02/06/19 Craig-Hallum
Cavco Industries price target lowered to $128 from $170 at Craig-Hallum
Earnings
Cavco Industries reports Q2 EPS $2.25 with items, consensus $1.99 » 17:28
10/28/19
10/28
17:28
10/28/19
17:28
CVCO

Cavco Industries

$202.68 /

-2.14 (-1.04%)

Reports Q2 revenue…

Reports Q2 revenue $268.7M, consensus $267.37M. Included in Q3 results was a $3.4M net gain on the sale of idle land recorded in Other income, net. The company commented, "Cavco's Q2 results continue to demonstrate the underlying strength of our business. Backlogs remain strong and stable, as is consumer demand. As announced earlier, we completed the acquisition of Destiny Homes. The organization has proven to be an outstanding fit and Destiny's products complement and strengthen our offering in the Southeast."

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CVCO Cavco Industries
$202.68 /

-2.14 (-1.04%)

07/31/19 Craig-Hallum
Cavco Industries price target raised to $173 from $153 at Craig-Hallum
05/28/19 Craig-Hallum
Cavco Industries price target raised to $153 from $128 at Craig-Hallum
02/06/19 Craig-Hallum
Cavco Industries price target lowered to $128 from $170 at Craig-Hallum
11/12/18 Craig-Hallum
Cavco Industries price target lowered to $170 from $230 at Craig-Hallum

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