Jefferies Group Gives Buy Rating to Skullcandy (SKUL)

By admin | 7 years ago

Skullcandy (NASDAQ: SKUL)‘s stock had its “buy” rating reaffirmed by research analysts at Jefferies Group (NYSE: JEF) in a report released on Friday.

Shares of Skullcandy traded down 0.66% during mid-day trading on Friday, hitting $13.61. Skullcandy has a 52 week low of $11.79 and a 52 week high of $23.40. The company has a market cap of $371.3 million and a P/E ratio of 18.72.

Skullcandy last announced its earnings results on Wednesday, May 2nd. The company reported $0.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.04 by $0.01. Skullcandy’s revenue was up 48.1% compared to the same quarter last year. On average, analysts predict that Skullcandy will post $0.27 earnings per share next quarter.

A number of other firms have also recently commented on SKUL. Analysts at Northland Securities initiated coverage on shares of Skullcandy in a research note to investors on Wednesday, April 11st. They set an “outperform” rating and a $23.00 price target on the stock. Analysts at DA Davidson raised their price target on shares of Skullcandy to $26.00 in a research note to investors on Thursday, February 23rd.

Skullcandy, Inc. develops and distributes headphones and other audio accessories to retailers throughout the United States and to distributors in various countries worldwide.

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