Buckle Inc. (BKE) Stock Price Up 5.4%
Shares of Buckle Inc. (NYSE:BKE) rose 5.4% during trading on Friday . The company traded as high as $26.34 and last traded at $26.34, with a volume of 359,193 shares changing hands. The stock had previously closed at $24.99.
A number of research firms have issued reports on BKE. Zacks Investment Research raised Buckle from a “sell” rating to a “hold” rating in a research note on Wednesday, April 20th. Deutsche Bank AG reissued a “sell” rating on shares of Buckle in a research note on Tuesday, May 31st. Wolfe Research lowered Buckle from a “peer perform” rating to an “underperform” rating and set a $23.00 price objective for the company. in a research note on Friday, May 6th. Finally, KeyCorp reissued an “equal weight” rating on shares of Buckle in a research note on Sunday, June 26th. Three analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $31.80.
The company has a market cap of $1.25 billion and a PE ratio of 9.15. The company has a 50 day moving average price of $26.11 and a 200 day moving average price of $28.24.
Buckle (NYSE:BKE) last released its earnings results on Friday, May 20th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.08. The business had revenue of $243.50 million for the quarter. The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.70 EPS. Equities analysts predict that Buckle Inc. will post $2.58 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 27th. Investors of record on Friday, July 15th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date of this dividend was Wednesday, July 13th.
In other news, VP Kyle Hanson sold 1,000 shares of the firm’s stock in a transaction on Tuesday, July 19th. The shares were sold at an average price of $26.25, for a total value of $26,250.00. Following the completion of the sale, the vice president now owns 25,400 shares in the company, valued at approximately $666,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 of the company’s stock, valued at approximately $565,263.73. The disclosure for this sale can be found here.
Several hedge funds recently made changes to their positions in BKE. First Trust Advisors LP increased its position in 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 period. Atlantic Trust Group LLC increased its position in 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 period. Boston Partners acquired a new position in Buckle during the fourth quarter valued at $1,545,000. Rhumbline Advisers increased its position in 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 period. Finally, Eaton Vance Management acquired a new position in Buckle during the fourth quarter valued at $11,168,000.
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.
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