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Skullcandy (NASDAQ:SKUL) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Friday. The firm currently has a $8.20 price target on the stock. Zacks‘s price target points to a potential upside of 10.96% from the company’s current price.

Skullcandy (NASDAQ:SKUL) opened at 7.39 on Friday. Skullcandy has a 52 week low of $4.90 and a 52 week high of $11.40. The stock has a 50-day moving average of $7.38 and a 200-day moving average of $7.. The company has a market cap of $207.0 million and a price-to-earnings ratio of 355.79.

Skullcandy (NASDAQ:SKUL) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.05. The company had revenue of $53.90 million for the quarter, compared to the consensus estimate of $53.91 million. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. Analysts expect that Skullcandy will post $0.19 EPS for the current fiscal year.

SKUL has been the subject of a number of other recent research reports. Analysts at Piper Jaffray upgraded shares of Skullcandy from an “underweight” rating to a “neutral” rating in a research note on Wednesday, June 11th. They now have a $7.50 price target on the stock. Analysts at CRT Capital initiated coverage on shares of Skullcandy in a research note on Wednesday, May 14th. They set a “fair value” rating and a $8.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $8.46.

Skullcandy, Inc is a designer, marketer and distributor of performance audio and gaming headphones and other accessory related products under the Skullcandy, Astro Gaming and 2XL by Skullcandy brands.

To view Zacks’ full report, visit Zacks’ official website.

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