Shares of Buckle Inc. (NYSE:BKE) have received a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the company. Three investment analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $29.80.
A number of equities research analysts recently issued reports on the company. KeyCorp reiterated an “equal weight” rating on shares of Buckle in a research report on Sunday, June 26th. Wedbush reiterated a “neutral” rating and issued a $21.00 price objective (down previously from $22.00) on shares of Buckle in a research report on Sunday, September 4th. Zacks Investment Research upgraded Buckle from a “strong sell” rating to a “hold” rating in a research report on Monday, July 25th. Finally, Deutsche Bank AG reiterated a “sell” rating and issued a $22.00 price objective on shares of Buckle in a research report on Tuesday, July 5th.
In other Buckle news, VP Kyle Hanson sold 5,400 shares of the firm’s stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $26.13, for a total transaction of $141,102.00. Following the sale, the vice president now owns 25,400 shares in the company, valued at $663,702. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kelli D. Molczyk sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of $26.71, for a total value of $106,840.00. Following the sale, the vice president now owns 21,163 shares in the company, valued at approximately $565,263.73. The disclosure for this sale can be found here. Company insiders own 41.80% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Aperio Group LLC boosted its position in shares of Buckle by 1.0% in the first quarter. Aperio Group LLC now owns 14,850 shares of the company’s stock worth $503,000 after buying an additional 147 shares during the period. Icon Advisers Inc. Co. bought a new position in shares of Buckle during the first quarter worth about $718,000. Prudential Financial Inc. boosted its position in shares of Buckle by 14.1% in the first quarter. Prudential Financial Inc. now owns 75,319 shares of the company’s stock worth $2,551,000 after buying an additional 9,305 shares during the period. BlackRock Inc. boosted its position in shares of Buckle by 129.0% in the first quarter. BlackRock Inc. now owns 4,186 shares of the company’s stock worth $142,000 after buying an additional 2,358 shares during the period. Finally, BlackRock Group LTD boosted its position in shares of Buckle by 8.5% in the first quarter. BlackRock Group LTD now owns 36,512 shares of the company’s stock worth $1,237,000 after buying an additional 2,845 shares during the period. 65.35% of the stock is currently owned by hedge funds and other institutional investors.
Buckle (NYSE:BKE) opened at 23.33 on Friday. The firm has a market capitalization of $1.12 billion, a P/E ratio of 8.71 and a beta of 1.20. The firm’s 50-day moving average price is $25.24 and its 200 day moving average price is $26.75. Buckle has a one year low of $22.00 and a one year high of $38.28.
Buckle (NYSE:BKE) last released its quarterly earnings results on Friday, August 19th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.36 by $0.04. The firm earned $212.20 million during the quarter. Buckle had a return on equity of 30.53% and a net margin of 12.06%. The business’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 earnings per share. On average, equities analysts anticipate that Buckle will post $2.38 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 27th. Shareholders of record on Friday, October 14th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, October 12th. This represents a $1.00 dividend on an annualized basis and a yield of 4.29%. Buckle’s payout ratio is 37.45%.
The Buckle, Inc is a retailer of casual apparel, footwear and accessories for young men and women. The Company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear. The Company provides customer services, such as free hemming, free gift-wrapping, easy layaways, the Buckle private label credit card, and a frequent shopper program.
Receive News & Ratings for Buckle Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Buckle Inc. and related companies with MarketBeat.com's FREE daily email newsletter.