Buckle (NYSE:BKE) was upgraded by stock analysts at TheStreet from a “c+” rating to a “b-” rating in a research note issued to investors on Thursday, TheStreetRatingsTable reports.
A number of other equities research analysts have also issued reports on the company. ValuEngine upgraded Buckle from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Zacks Investment Research upgraded Buckle from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Wednesday, July 10th.
Shares of Buckle stock traded down $1.03 during trading hours on Thursday, reaching $23.54. The stock had a trading volume of 693,435 shares, compared to its average volume of 584,959. The firm has a 50 day simple moving average of $20.81 and a two-hundred day simple moving average of $18.85. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 11.95 and a beta of 0.70. The company has a current ratio of 2.35, a quick ratio of 1.57 and a debt-to-equity ratio of 0.71. Buckle has a 1 year low of $14.81 and a 1 year high of $24.78.
Buckle (NYSE:BKE) last released its quarterly earnings data on Friday, August 23rd. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The company had revenue of $203.80 million for the quarter, compared to the consensus estimate of $202.20 million. Buckle had a return on equity of 23.16% and a net margin of 10.52%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the business posted $0.32 EPS. Sell-side analysts forecast that Buckle will post 1.85 EPS for the current year.
In other Buckle news, VP Robert J. Harbols sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $21.14, for a total transaction of $52,850.00. Following the completion of the sale, the vice president now owns 19,500 shares in the company, valued at approximately $412,230. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 41.80% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC acquired a new position in shares of Buckle in the 2nd quarter worth approximately $60,000. Bank of Montreal Can grew its position in shares of Buckle by 127.5% in the 2nd quarter. Bank of Montreal Can now owns 3,546 shares of the company’s stock worth $62,000 after acquiring an additional 1,987 shares in the last quarter. Morris Capital Advisors LLC acquired a new position in shares of Buckle in the 2nd quarter worth approximately $176,000. OneAscent Financial Services LLC acquired a new position in shares of Buckle in the 2nd quarter worth approximately $206,000. Finally, Unison Advisors LLC grew its position in shares of Buckle by 6.6% in the 2nd quarter. Unison Advisors LLC now owns 17,157 shares of the company’s stock worth $297,000 after acquiring an additional 1,065 shares in the last quarter. Hedge funds and other institutional investors own 65.45% of the company’s stock.
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, FITZ + EDDI, Outpost Makers, Departwest, and Veece.
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