Buckle (NYSE:BKE) was downgraded by research analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Thursday.
Separately, Zacks Investment Research raised Buckle from a “sell” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Wednesday, November 1st.
Shares of Buckle (NYSE:BKE) traded down $0.35 on Thursday, reaching $20.70. The company’s stock had a trading volume of 585,520 shares, compared to its average volume of 511,317. Buckle has a 12 month low of $13.50 and a 12 month high of $25.11. The firm has a market cap of $1,010.00, a PE ratio of 11.97 and a beta of 0.97.
Institutional investors and hedge funds have recently modified their holdings of the business. C M Bidwell & Associates Ltd. purchased a new position in shares of Buckle during the 4th quarter valued at about $105,000. Public Employees Retirement System of Ohio raised its stake in shares of Buckle by 14.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,983 shares of the company’s stock valued at $142,000 after buying an additional 995 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Buckle by 59.8% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 10,630 shares of the company’s stock valued at $179,000 after buying an additional 3,980 shares during the last quarter. Morris Capital Advisors LLC purchased a new position in shares of Buckle during the 4th quarter valued at about $234,000. Finally, Handelsbanken Fonder AB purchased a new position in shares of Buckle during the 4th quarter valued at about $238,000. 62.58% of the stock is owned by institutional investors.
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Buckle Company Profile
The Buckle, Inc is a retailer of casual apparel, footwear and accessories for young men and women. As of January 28, 2017, the Company operated 467 retail stores in 44 states throughout the United States under the names Buckle and The Buckle. The Company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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