Skullcandy Inc. (NASDAQ:SKUL) has been assigned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the stock. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $7.02.
A number of equities analysts have recently issued reports on SKUL shares. Wunderlich reissued a “buy” rating and issued a $7.00 target price on shares of Skullcandy in a report on Wednesday, June 8th. Roth Capital reissued a “buy” rating on shares of Skullcandy in a report on Monday, June 27th. TheStreet raised Skullcandy from a “sell” rating to a “hold” rating in a report on Wednesday, July 27th. Zacks Investment Research raised Skullcandy from a “sell” rating to a “hold” rating in a report on Thursday, July 7th. Finally, DA Davidson cut Skullcandy from a “buy” rating to a “neutral” rating and raised their price target for the company from $4.50 to $5.00 in a report on Wednesday, June 8th.
In other news, major shareholder Ptarmagin, Llc sold 37,500 shares of Skullcandy stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $6.32, for a total value of $237,000.00. Following the completion of the sale, the insider now directly owns 3,114,886 shares of the company’s stock, valued at approximately $19,686,079.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Rick Alden sold 25,000 shares of Skullcandy stock in a transaction on Tuesday, July 12th. The shares were sold at an average price of $6.11, for a total value of $152,750.00. Following the completion of the sale, the director now directly owns 706,324 shares of the company’s stock, valued at $4,315,639.64. The disclosure for this sale can be found here. 7.70% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in SKUL. Winslow Asset Management Inc. raised its position in Skullcandy by 6.8% in the second quarter. Winslow Asset Management Inc. now owns 725,070 shares of the company’s stock valued at $4,452,000 after buying an additional 46,428 shares in the last quarter. Geode Capital Management LLC raised its position in Skullcandy by 1.7% in the first quarter. Geode Capital Management LLC now owns 107,364 shares of the company’s stock valued at $382,000 after buying an additional 1,756 shares in the last quarter. Spark Investment Management LLC raised its position in Skullcandy by 219.5% in the first quarter. Spark Investment Management LLC now owns 132,900 shares of the company’s stock valued at $473,000 after buying an additional 91,300 shares in the last quarter. First New York Securities LLC NY bought a new position in Skullcandy during the second quarter valued at about $523,000. Finally, Renaissance Technologies LLC raised its position in Skullcandy by 30.7% in the first quarter. Renaissance Technologies LLC now owns 319,390 shares of the company’s stock valued at $1,137,000 after buying an additional 74,990 shares in the last quarter. 46.74% of the stock is owned by institutional investors.
Shares of Skullcandy (NASDAQ:SKUL) remained flat at $6.35 during midday trading on Friday. The company’s stock had a trading volume of 6,978 shares. Skullcandy has a 1-year low of $2.75 and a 1-year high of $6.48. The company has a 50 day moving average price of $6.32 and a 200-day moving average price of $4.96. The firm has a market capitalization of $182.54 million, a P/E ratio of 105.83 and a beta of 1.29.
Skullcandy (NASDAQ:SKUL) last issued its earnings results on Tuesday, August 9th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.05). Skullcandy had a return on equity of 1.23% and a net margin of 0.72%. The business earned $57.28 million during the quarter, compared to analysts’ expectations of $56.72 million. During the same period in the prior year, the firm posted $0.04 EPS. Skullcandy’s quarterly revenue was down .2% compared to the same quarter last year. Equities research analysts anticipate that Skullcandy will post $0.24 earnings per share for the current fiscal year.
Skullcandy, Inc creates audio experiences through its Skullcandy and Astro Gaming brands. The Company operates in two segments: Domestic and International. The Domestic segment consists of Skullcandy and Astro Gaming product sales to customers in the United States. The International segment includes Skullcandy product sales to customers in Europe, Asia, Canada Mexico, and all other geographic areas outside the United States that are served by the Company’s International operations.
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