Insider Buying: Jason Hodell Buys 5,500 Shares of Skullcandy Stock (SKUL)
Skullcandy (NASDAQ:SKUL) CFO Jason Hodell bought 5,500 shares of Skullcandy stock on the open market in a transaction that occurred on Friday, August 8th. The shares were purchased at an average cost of $7.29 per share, with a total value of $40,095.00. Following the purchase, the chief financial officer now directly owns 57,169 shares in the company, valued at approximately $416,762. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Skullcandy (NASDAQ:SKUL) traded up 3.60% during mid-day trading on Monday, hitting $7.49. 233,298 shares of the company’s stock traded hands. Skullcandy has a one year low of $5.20 and a one year high of $11.40. The stock’s 50-day moving average is $7.33 and its 200-day moving average is $7.89. The company has a market cap of $210.4 million and a P/E ratio of 73.03.
Skullcandy (NASDAQ:SKUL) last released 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 $0.23 EPS for the current fiscal year.
Several analysts have recently commented on the stock. 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. Skullcandy currently has a consensus rating of “Hold” and an average price target 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.
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