DA Davidson Maintains a 'Buy' on Skullcandy (SKUL); Positive Momentum Continues

DA Davidson maintains a 'Buy' on Skullcandy (NASDAQ: SKUL) price target of $26.00.

Analyst, Andrew Burns, said, "SKUL reported revenue and EPS of $72.4 million and $0.24, which compares to consensus expectations of $65.6 million and $0.22 and our estimates of $67.1 million and $0.23. Overall, revenue grew 38%, fueled by 34% domestic growth, 60% international growth and 23% online growth...Our 2012 and 2013 revenue estimates tick up to $299.7 million and $359.7 million, respectively, while our EPS estimates remain $1.16 and $1.43."

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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