Roth Capital Maintains Buy On Skullcandy Following Investor Meetings
In a research report published today, Roth Capital analyst Dave King reiterated coverage with a Buy rating on shares of Skullcandy (SKUL) and a $10 price target, following investor meetings with Skullcandy’s CFO Jason Hodell.
King noted, “We recently hosted investor meetings with Skullcandy’s CFO Jason Hodell and came away encouraged by the company’s many margin-accretive growth drivers and comfortable in our view that guidance and estimates are conservative. We were also impressed by Hodell’s candor and ability to communicate with investors. We like Skullcandy for its clean balance sheet and new management’s renewed focus on brand, which should drive continued growth in the quarters ahead.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Dave King has a total average return of 1.7% and a 40.0% success rate. King has a 8.5% average return when recommending SKUL, and is ranked #1792 out of 3243 analysts.