Buckle (BKE) Stock Rating Upgraded by ValuEngine

Buckle (NYSE:BKE) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

A number of other equities research analysts also recently weighed in on BKE. Zacks Investment Research raised shares of Buckle from a “sell” rating to a “hold” rating and set a $24.00 price target for the company in a research note on Thursday, November 8th. TheStreet raised shares of Buckle from a “c” rating to a “b-” rating in a research note on Tuesday, November 27th. Finally, Deutsche Bank raised shares of Buckle from a “sell” rating to a “hold” rating and set a $19.00 price target for the company in a research note on Friday, November 2nd.

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Shares of BKE traded up $0.33 on Tuesday, reaching $17.83. 388,871 shares of the company’s stock were exchanged, compared to its average volume of 495,487. The company has a market cap of $851.93 million, a price-to-earnings ratio of 9.64 and a beta of 0.44. Buckle has a 12 month low of $17.03 and a 12 month high of $29.65.

Buckle (NYSE:BKE) last posted its quarterly earnings results on Monday, November 26th. The company reported $0.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.04). The business had revenue of $215.10 million for the quarter, compared to the consensus estimate of $218.37 million. Buckle had a return on equity of 24.02% and a net margin of 10.70%. The company’s quarterly revenue was down 4.1% on a year-over-year basis. During the same period last year, the firm earned $0.41 earnings per share. As a group, equities analysts anticipate that Buckle will post 1.9 earnings per share for the current fiscal year.

In other Buckle news, Director Karen B. Rhoads sold 3,914 shares of the company’s stock in a transaction that occurred on Thursday, December 13th. The shares were sold at an average price of $19.18, for a total value of $75,070.52. Following the completion of the sale, the director now owns 1,687 shares of the company’s stock, valued at $32,356.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Karen B. Rhoads sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, December 20th. The shares were sold at an average price of $18.85, for a total transaction of $75,400.00. Following the completion of the sale, the director now directly owns 1,687 shares of the company’s stock, valued at approximately $31,799.95. The disclosure for this sale can be found here. 41.80% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of BKE. FMR LLC increased its stake in Buckle by 0.4% in the second quarter. FMR LLC now owns 7,356,732 shares of the company’s stock valued at $197,896,000 after purchasing an additional 30,583 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of Buckle by 22.7% in the second quarter. Raymond James & Associates now owns 28,987 shares of the company’s stock valued at $780,000 after buying an additional 5,365 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Buckle by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 778,477 shares of the company’s stock valued at $20,941,000 after buying an additional 5,006 shares during the period. Northern Trust Corp boosted its holdings in shares of Buckle by 3.2% in the second quarter. Northern Trust Corp now owns 370,304 shares of the company’s stock valued at $9,961,000 after buying an additional 11,342 shares during the period. Finally, United Services Automobile Association boosted its holdings in shares of Buckle by 12.3% in the second quarter. United Services Automobile Association now owns 24,742 shares of the company’s stock valued at $666,000 after buying an additional 2,719 shares during the period. 72.96% of the stock is owned by hedge funds and other institutional investors.

About Buckle

The Buckle, Inc operates as a retailer of casual apparel, footwear, and accessories for young men and women in the United States. It markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear, as well as private label merchandise primarily comprising BKE, Buckle Black, BKE Boutique, Red by BKE, Daytrip denim, Gimmicks, Gilded Intent, Outpost Makers, Departwest, and Veece.

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