Buckle Inc. (BKE) Trading Up 1.7%
Buckle Inc. (NYSE:BKE) shares were up 1.7% on Monday . The stock traded as high as $26.44 and last traded at $26.42, with a volume of 93,623 shares trading hands. The stock had previously closed at $25.99.
Several research analysts have recently weighed in on BKE shares. Deutsche Bank AG restated a “sell” rating and issued a $22.00 target price on shares of Buckle in a research note on Tuesday, July 5th. KeyCorp restated an “equal weight” rating on shares of Buckle in a research note on Sunday, June 26th. Zacks Investment Research downgraded shares of Buckle from a “hold” rating to a “sell” rating in a research note on Tuesday, April 5th. Wolfe Research downgraded shares of Buckle from a “peer perform” rating to an “underperform” rating and set a $23.00 target price for the company. in a research note on Friday, May 6th. Finally, Standpoint Research downgraded shares of Buckle from a “buy” rating to a “hold” rating in a research note on Wednesday, March 30th. Two investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $31.80.
The stock’s 50 day moving average is $25.83 and its 200-day moving average is $28.31. The company has a market cap of $1.31 billion and a PE ratio of 9.625.
Buckle (NYSE:BKE) last announced its quarterly earnings results on Friday, May 20th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.56 by $0.08. The business earned $243.50 million during the quarter. During the same quarter in the prior year, the firm earned $0.70 EPS. The business’s quarterly revenue was down 10.2% on a year-over-year basis. Equities analysts predict that Buckle Inc. will post $2.62 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 27th. Shareholders of record on Friday, July 15th will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, July 13th. This represents a $1.00 annualized dividend and a yield of 3.69%.
In other news, VP Kyle Hanson sold 5,400 shares of the firm’s stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $26.13, for a total value of $141,102.00. Following the sale, the vice president now owns 25,400 shares in the company, valued at $663,702. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Kelli D. Molczyk sold 4,000 shares of the firm’s stock in a transaction on Wednesday, July 13th. The stock was sold at an average price of $26.71, for a total transaction of $106,840.00. Following the completion of 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.
Other large investors recently made changes to their positions in the company. First Trust Advisors LP increased its stake in shares of Buckle by 47.3% in the fourth quarter. First Trust Advisors LP now owns 40,712 shares of the company’s stock valued at $1,253,000 after buying an additional 13,064 shares during the last quarter. Atlantic Trust Group LLC increased its stake in shares of Buckle by 20.8% in the fourth quarter. Atlantic Trust Group LLC now owns 43,037 shares of the company’s stock valued at $1,325,000 after buying an additional 7,420 shares during the last quarter. Boston Partners bought a new stake in shares of Buckle during the fourth quarter valued at about $1,545,000. Rhumbline Advisers increased its stake in shares of Buckle by 4.2% in the fourth quarter. Rhumbline Advisers now owns 57,814 shares of the company’s stock valued at $1,780,000 after buying an additional 2,330 shares during the last quarter. Finally, Eaton Vance Management bought a new stake in shares of Buckle during the fourth quarter valued at about $11,168,000.
The Buckle, Inc is a retailer of casual apparel, footwear and accessories for young men and women. As of March 26, 2015, the Company operated 462 retail stores in 44 states of the United States under the names of Buckle and The Buckle. The existing stores are in four downtown locations, nine strip centers, 56 lifestyle centers, and 393 shopping malls.
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