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Shares of Skullcandy (NASDAQ:SKUL) have been given a consensus recommendation of “Hold” by the eleven brokerages that are covering the company, AmericanBankingNews.com reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $8.46.

Skullcandy (NASDAQ:SKUL) opened at 7.21 on Monday. Skullcandy has a one year low of $5.15 and a one year high of $11.40. The stock’s 50-day moving average is $7.34 and its 200-day moving average is $7.89. The company has a market cap of $202.2 million and a P/E ratio of 75.45.

Skullcandy (NASDAQ:SKUL) last posted its quarterly earnings results 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 $0.23 EPS for the current fiscal year.

A number of research firms have recently commented on SKUL. Analysts at Zacks upgraded shares of Skullcandy from a “neutral” rating to an “outperform” rating in a research note on Friday, August 1st. They now have a $8.20 price target on the stock. Separately, 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. Finally, 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.

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.

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