Other research analysts have also recently issued research reports about the company. ValuEngine raised Buckle from a buy rating to a strong-buy rating in a research note on Sunday, December 31st. Zacks Investment Research cut Buckle from a strong-buy rating to a hold rating in a research note on Tuesday, March 6th. Three research analysts have rated the stock with a sell rating and one has issued a buy rating to the stock. The company has an average rating of Hold and an average target price of $15.50.
Shares of Buckle stock opened at $20.30 on Friday. Buckle has a 12-month low of $13.50 and a 12-month high of $25.11. The stock has a market capitalization of $952.41, a price-to-earnings ratio of 10.91 and a beta of 0.86.
Buckle (NYSE:BKE) last issued its quarterly earnings data on Friday, March 16th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.13. Buckle had a return on equity of 20.40% and a net margin of 9.82%. The company had revenue of $281.20 million for the quarter, compared to the consensus estimate of $280.04 million. During the same quarter last year, the business posted $0.74 earnings per share. The firm’s revenue was up .4% compared to the same quarter last year. analysts expect that Buckle will post 1.67 earnings per share for the current fiscal year.
In related news, VP Diane L. Applegate sold 1,200 shares of the stock in a transaction on Friday, January 19th. The stock was sold at an average price of $20.84, for a total value of $25,008.00. Following the transaction, the vice president now owns 20,500 shares of the company’s stock, valued at $427,220. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 41.70% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Handelsbanken Fonder AB bought a new position in Buckle in the fourth quarter valued at $238,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in Buckle in the fourth quarter valued at $2,439,000. HighPoint Advisor Group LLC bought a new position in Buckle in the fourth quarter valued at $561,000. Sterling Capital Management LLC bought a new position in Buckle in the fourth quarter valued at $1,011,000. Finally, MetLife Investment Advisors LLC bought a new position in Buckle in the fourth quarter valued at $337,000. 64.93% of the stock is currently owned by institutional investors and hedge funds.
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Buckle Company Profile
The Buckle, Inc operates as a retailer of casual apparel, footwear, and accessories for young men and women in the United States. The company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear. It operates stores under the Buckle and The Buckle names.
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