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UPDATE: Northland Securities Upgrades Skullcandy, Inc. to Outperform

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UPDATE: D.A. Davidson Upgrades Skullcandy
DA Davidson Upgrades Skullcandy To Buy, Shares Gain

Shares of Skullcandy (NASDAQ: SKUL) are up 41 percent to $10.54 after reporting blowout earnings Thursday afternoon. Northland Securities upgraded shares from Market Perform to Outperform Friday morning. Analyst Andrew Burns's outlook “suggests quicker turnaround than previous thought.”

Burns believes Skullcandy is positioned well for 2014 with “clean inventories, accelerating new product introductions, new distribution opportunities, and international growth potential.” Skullcandy has done well to “solidify its place as a top 4 brand alongside Beats, Bose, and Sony,” says the analyst.

Burns is raising 2014 earnings per share and revenue estimates to $0.14 and $222.2M respectively. Other analysts are estimating $0.10 earnings per share and $218.98M for 2014.

Latest Ratings for SKUL

DateFirmActionFromTo
Aug 2014DA DavidsonUpgradesNeutralBuy
Aug 2014JefferiesUpgradesUnderperformHold
Jun 2014Piper JaffrayUpgradesUnderweightNeutral

View More Analyst Ratings for SKUL
View the Latest Analyst Ratings

Posted-In: Analyst Color News Upgrades Price Target Analyst Ratings

 

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