Buckle (NYSE:BKE) was upgraded by equities research analysts at TheStreet from a “c” rating to a “b-” rating in a report released on Friday.
A number of other brokerages also recently issued reports on BKE. ValuEngine upgraded shares of Buckle from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Zacks Investment Research downgraded shares of Buckle from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 6th. Three research analysts have rated the stock with a sell rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $15.50.
Shares of Buckle stock opened at $20.30 on Friday. The company has a market cap of $952.41, a price-to-earnings ratio of 10.91 and a beta of 0.86. Buckle has a 52-week low of $13.50 and a 52-week high of $25.11.
Buckle (NYSE:BKE) last announced its quarterly earnings data on Friday, March 16th. The company reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.13. The firm had revenue of $281.20 million for the quarter, compared to the consensus estimate of $280.04 million. Buckle had a net margin of 9.82% and a return on equity of 20.40%. The company’s revenue was up .4% on a year-over-year basis. During the same period last year, the firm earned $0.74 EPS. equities analysts forecast that Buckle will post 1.67 EPS for the current year.
In other Buckle news, VP Diane L. Applegate sold 1,200 shares of Buckle stock in a transaction on Friday, January 19th. The shares were sold at an average price of $20.84, for a total value of $25,008.00. Following the completion of the transaction, the vice president now directly owns 20,500 shares of the company’s stock, valued at approximately $427,220. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 41.70% of the company’s stock.
Several large investors have recently modified their holdings of the business. Handelsbanken Fonder AB purchased a new position in shares of Buckle in the 4th quarter worth $238,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in shares of Buckle in the 4th quarter worth $2,439,000. HighPoint Advisor Group LLC purchased a new position in shares of Buckle in the 4th quarter worth $561,000. Sterling Capital Management LLC purchased a new position in shares of Buckle in the 4th quarter worth $1,011,000. Finally, MetLife Investment Advisors LLC purchased a new position in shares of Buckle in the 4th quarter worth $337,000. 64.93% of the stock is owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION WARNING: This piece was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright & trademark laws. The legal version of this piece can be read at https://ledgergazette.com/2018/03/20/buckle-bke-upgraded-to-b-by-thestreet.html.
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.
Receive News & Ratings for Buckle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Buckle and related companies with MarketBeat.com's FREE daily email newsletter.