Jefferies Positive on Skullcandy (SKUL) After Q1; 'This is a Brand, Not a Fad'
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Price: $6.35 --0%
Rating Summary:
5 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 1
Rating Summary:
5 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 1
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Jefferies reiterated its Buy rating and $22 price target on Skullcandy (NASDAQ: SKUL) following Q1 results.
The firm comments, "Since the IPO, the fear around this stock is simple: that this is a fad, not a brand. With sales up ~50%, a robust product portfolio and strong following of the action sports consumer, we see SKUL as having plenty of growth and legs on a LT basis in both domestic and int’l markets. While elevated NT investments are offsetting some earning upside, this should begin to ease in 2H and provide nice flow-through in '13."
For an analyst ratings summary and ratings history on Skullcandy click here. For more ratings news on Skullcandy click here.
Shares of Skullcandy closed at $16.65 yesterday.
The firm comments, "Since the IPO, the fear around this stock is simple: that this is a fad, not a brand. With sales up ~50%, a robust product portfolio and strong following of the action sports consumer, we see SKUL as having plenty of growth and legs on a LT basis in both domestic and int’l markets. While elevated NT investments are offsetting some earning upside, this should begin to ease in 2H and provide nice flow-through in '13."
For an analyst ratings summary and ratings history on Skullcandy click here. For more ratings news on Skullcandy click here.
Shares of Skullcandy closed at $16.65 yesterday.
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