Buckle Inc. (BKE) Sees Unusually-High Trading Volume
Buckle Inc. (NYSE:BKE) saw unusually-high trading volume on Thursday . Approximately 567,885 shares changed hands during mid-day trading, an increase of 91% from the previous session’s volume of 297,914 shares.The stock last traded at $25.25 and had previously closed at $26.46.
BKE has been the topic of a number of recent analyst reports. Wolfe Research downgraded shares of Buckle from a “peer perform” rating to an “underperform” rating and set a $23.00 price target on the stock. in a report on Friday, May 6th. Zacks Investment Research raised shares of Buckle from a “sell” rating to a “hold” rating in a report on Wednesday, April 20th. Deutsche Bank AG reissued a “sell” rating and issued a $22.00 price target on shares of Buckle in a report on Tuesday, July 5th. Finally, KeyCorp reissued an “equal weight” rating on shares of Buckle in a report on Sunday, June 26th. Three analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Buckle presently has a consensus rating of “Hold” and an average price target of $31.80.
The company’s 50-day moving average price is $26.11 and its 200 day moving average price is $28.24. The firm has a market cap of $1.25 billion and a price-to-earnings ratio of 9.15.
Buckle (NYSE:BKE) last released its earnings results on Friday, May 20th. The company reported $0.48 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.08. The firm earned $243.50 million during the quarter. During the same quarter in the prior year, the company posted $0.70 EPS. The company’s quarterly revenue was down 10.2% on a year-over-year basis. On average, equities analysts predict that Buckle Inc. will post $2.58 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 27th. Stockholders of record on Friday, July 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.85%. The ex-dividend date was Wednesday, July 13th.
In other news, VP Kelli D. Molczyk sold 4,000 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now owns 21,163 shares of the company’s stock, valued at approximately $565,263.73. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Kyle Hanson sold 1,000 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 25,400 shares in the company, valued at approximately $666,750. The disclosure for this sale can be found here.
Several institutional investors recently added to or reduced their stakes in the stock. 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 in the last quarter. 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 in the last quarter. Boston Partners bought 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 in the last quarter. Finally, Eaton Vance Management bought 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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