Volcom Crushed After Earnings; Is It A Buy? (VLCM)

Apparel company Volcom

released its quarterly earnings yesterday after the closing bell. The company reported EPS of $0.53 compared to Wall Street EPS earnings of $0.52. Revenues were up 11.5% year over year. During Friday's trading session, the stock has fallen 9.36% to $17.10. Some new money has been moving into the stock, however, after the shares hit an intra-day low of around $15.62. It looks like some traders are using this sell-off as an opportunity in VLCM. The shares trade at a trailing P/E of 17.18, a forward P/E of 15.45 and a PEG ratio of 1.28. The median Wall Street price target on the stock is $22.00 with a high target of $26.00.