KeyBanc Reiterates a 'Buy' on Skullcandy (SKUL); Listen...Hear Growth and Value

August 3, 2012 9:04 AM EDT
Get Alerts SKUL Hot Sheet
Price: $6.35 --0%

Rating Summary:
    6 Buy, 8 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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KeyBanc reiterates a 'Buy' on Skullcandy (NASDAQ: SKUL) price target of $21.00.

Analyst, Edward Yruma, said, "Skullcandy’s 38.2% revenue growth and 59.9% net income growth in the 2Q point to the Company's strong execution within the growing headphones category...While there have been elements of volatility to SKUL’s fairly short tenure as a public company (management changes, European distributor acquisition, refinement of the business model), we believe that the Company is well positioned to take advantage of an attractive, and growing, end market. We are raising our 2012 EPS estimate from $1.17 to $1.18."

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 $13.85 yesterday.

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