UBS Group Lowers Buckle (NYSE:BKE) Price Target to $46.00

Buckle (NYSE:BKE) had its price target lowered by research analysts at UBS Group from $47.00 to $46.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price objective suggests a potential upside of 0.13% from the company’s previous close.

Separately, Weiss Ratings raised Buckle from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, July 28th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Buckle currently has a consensus rating of “Hold” and a consensus price target of $46.00.

Buckle Stock Performance

Shares of NYSE BKE traded down $0.71 during trading hours on Tuesday, hitting $45.94. 365,533 shares of the stock were exchanged, compared to its average volume of 481,361. The company’s fifty day simple moving average is $43.69 and its two-hundred day simple moving average is $48.75. The company has a market cap of $2.37 billion, a PE ratio of 10.54 and a beta of 1.10. Buckle has a 1-year low of $40.73 and a 1-year high of $61.69.

Buckle (NYSE:BKE) last released its earnings results on Friday, May 29th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.18. The firm had revenue of $288.74 million during the quarter, compared to analysts’ expectations of $287.68 million. Buckle had a return on equity of 47.35% and a net margin of 16.85%.The company’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.70 earnings per share.

Insider Activity

In related news, Director Bill L. Fairfield sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $44.44, for a total value of $111,100.00. Following the completion of the transaction, the director owned 52,908 shares in the company, valued at $2,351,231.52. This trade represents a 4.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 38.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Buckle

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. lifted its holdings in Buckle by 1,928.1% in the first quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock valued at $25,000 after buying an additional 617 shares during the period. Miller Capital Partners Inc. acquired a new position in Buckle in the fourth quarter valued at approximately $37,000. Hantz Financial Services Inc. grew its position in shares of Buckle by 51.6% during the 4th quarter. Hantz Financial Services Inc. now owns 702 shares of the company’s stock worth $38,000 after buying an additional 239 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Buckle by 162.2% in the second quarter. EverSource Wealth Advisors LLC now owns 957 shares of the company’s stock worth $43,000 after purchasing an additional 592 shares during the period. Finally, Quarry LP acquired a new position in shares of Buckle during the third quarter valued at about $65,000. 53.93% of the stock is owned by institutional investors and hedge funds.

Buckle Company Profile

Buckle, Inc is a retailer specializing in casual apparel, footwear and accessories for young men and women. The company is known for its denim-focused collections, offering both private-label lines and curated brand-name merchandise. Its product assortment includes jeans, tops, outerwear, shoes and a variety of accessories such as belts, jewelry and handbags, all aimed at blending contemporary style with everyday comfort.

Founded in 1948 in Kearney, Nebraska, Buckle began as a single clothing store and has since expanded into a nationwide chain.