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 research analysts also recently weighed in on BKE. ValuEngine upgraded Buckle from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Zacks Investment Research upgraded Buckle from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Wednesday, July 10th.
Shares of BKE stock traded down $1.03 on Thursday, reaching $23.54. 693,435 shares of the company’s stock traded hands, compared to its average volume of 584,959. Buckle has a 12-month low of $14.81 and a 12-month high of $24.78. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.57 and a current ratio of 2.35. The company has a market capitalization of $1.08 billion, a P/E ratio of 11.95 and a beta of 0.70. The business’s 50 day moving average price is $20.81 and its two-hundred day moving average price is $18.85.
Buckle (NYSE:BKE) last issued its quarterly earnings results on Friday, August 23rd. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. Buckle had a return on equity of 23.16% and a net margin of 10.52%. The business had revenue of $203.80 million for the quarter, compared to the consensus estimate of $202.20 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. Buckle’s revenue for the quarter was up 1.3% compared to the same quarter last year. Research analysts predict that Buckle will post 1.85 earnings per share for the current year.
In related news, VP Robert J. Harbols sold 2,500 shares of Buckle stock in a transaction 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 of the company’s stock, valued at $412,230. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 41.80% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Buckle by 1.1% during the second quarter. BlackRock Inc. now owns 4,276,522 shares of the company’s stock valued at $74,027,000 after purchasing an additional 45,736 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Buckle by 3.0% in the second quarter. Vanguard Group Inc. now owns 3,333,415 shares of the company’s stock worth $57,701,000 after buying an additional 97,459 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Buckle by 1.1% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,109,616 shares of the company’s stock worth $19,210,000 after buying an additional 11,835 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Buckle by 8.5% in the second quarter. Bank of New York Mellon Corp now owns 922,202 shares of the company’s stock worth $15,962,000 after buying an additional 72,510 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Buckle by 2.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 587,067 shares of the company’s stock worth $10,163,000 after buying an additional 11,665 shares during the last quarter. 65.45% of the stock is owned by hedge funds and other institutional investors.
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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