Share on StockTwits

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.