TheStreet upgraded shares of Buckle (NYSE:BKE) from a c+ rating to a b- rating in a research note published on Thursday, TheStreetRatingsTable reports.
Other research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Buckle from a hold rating to a buy rating and set a $19.00 price target for the company in a report on Wednesday, July 10th. ValuEngine upgraded shares of Buckle from a hold rating to a buy rating in a report on Monday, November 4th.
NYSE BKE traded down $1.03 during trading hours on Thursday, reaching $23.54. The company’s stock had a trading volume of 693,435 shares, compared to its average volume of 584,959. The firm has a fifty day simple moving average of $20.81 and a 200-day simple moving average of $18.85. The stock has a market cap of $1.08 billion, a P/E ratio of 11.95 and a beta of 0.70. Buckle has a 52 week low of $14.81 and a 52 week high of $24.78. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.35 and a quick ratio of 1.57.
Buckle (NYSE:BKE) last issued its quarterly earnings data on Friday, August 23rd. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The business had revenue of $203.80 million during the quarter, compared to analyst estimates of $202.20 million. Buckle had a net margin of 10.52% and a return on equity of 23.16%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the business earned $0.32 EPS. On average, research analysts expect that Buckle will post 1.85 earnings per share for the current year.
The company also recently declared a — dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, October 10th. This represents a yield of 5%. Buckle’s payout ratio is 50.76%.
In other Buckle news, VP Robert J. Harbols sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $21.14, for a total transaction of $52,850.00. Following the completion of the transaction, the vice president now owns 19,500 shares in the company, valued at approximately $412,230. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 41.80% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Buckle by 1.1% in the 2nd quarter. BlackRock Inc. now owns 4,276,522 shares of the company’s stock valued at $74,027,000 after acquiring an additional 45,736 shares in the last quarter. Vanguard Group Inc. grew its position in Buckle by 3.0% in the 2nd quarter. Vanguard Group Inc. now owns 3,333,415 shares of the company’s stock valued at $57,701,000 after purchasing an additional 97,459 shares during the period. Robeco Institutional Asset Management B.V. grew its position in Buckle by 1.1% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,109,616 shares of the company’s stock valued at $19,210,000 after purchasing an additional 11,835 shares during the period. Bank of New York Mellon Corp grew its position in Buckle by 8.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 922,202 shares of the company’s stock valued at $15,962,000 after purchasing an additional 72,510 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Buckle by 2.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 587,067 shares of the company’s stock valued at $10,163,000 after purchasing an additional 11,665 shares during the period. Institutional investors own 65.45% of the company’s stock.
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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