TheStreet upgraded shares of Buckle (NYSE:BKE) from a c+ rating to a b- rating in a research note released on Thursday, TheStreetRatingsTable reports.
Other equities research analysts have also recently issued reports about the company. ValuEngine upgraded Buckle from a hold rating to a buy rating in a research note on Monday, November 4th. Zacks Investment Research upgraded Buckle from a hold rating to a buy rating and set a $19.00 price objective on the stock in a research note on Wednesday, July 10th.
Shares of NYSE:BKE traded down $1.03 during midday trading on Thursday, reaching $23.54. The company had a trading volume of 693,435 shares, compared to its average volume of 584,959. The company’s 50 day moving average price is $20.81 and its 200 day moving average price is $18.85. The company has a current ratio of 2.35, a quick ratio of 1.57 and a debt-to-equity ratio of 0.71. 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.
Buckle (NYSE:BKE) last issued its quarterly earnings results on Friday, August 23rd. The company reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.04. The company had revenue of $203.80 million for the quarter, compared to the consensus estimate 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 period in the previous year, the firm earned $0.32 EPS. Research analysts forecast that Buckle will post 1.85 EPS for the current fiscal year.
The company also recently disclosed a — dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were paid a $0.25 dividend. This represents a yield of 5%. The ex-dividend date of this dividend was Thursday, October 10th. Buckle’s dividend payout ratio is currently 50.76%.
In related news, VP Robert J. Harbols sold 2,500 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $21.14, for a total value of $52,850.00. Following the sale, the vice president now directly owns 19,500 shares in the company, valued at approximately $412,230. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 41.80% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. BBT Capital Management LLC bought a new stake in shares of Buckle during the second quarter valued at about $406,000. Morris Capital Advisors LLC bought a new stake in shares of Buckle during the second quarter valued at about $176,000. Aperio Group LLC increased its position in shares of Buckle by 9.7% during the second quarter. Aperio Group LLC now owns 35,147 shares of the company’s stock valued at $608,000 after buying an additional 3,110 shares during the period. Landscape Capital Management L.L.C. increased its position in shares of Buckle by 59.4% during the second quarter. Landscape Capital Management L.L.C. now owns 148,261 shares of the company’s stock valued at $2,566,000 after buying an additional 55,248 shares during the period. Finally, RK Asset Management LLC increased its position in shares of Buckle by 0.8% during the third quarter. RK Asset Management LLC now owns 372,968 shares of the company’s stock valued at $7,683,000 after buying an additional 3,100 shares during the period. Institutional investors and hedge funds 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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