Buckle Inc. (BKE) Trading 5.4% Higher
Buckle Inc. (NYSE:BKE) traded up 5.4% during trading on Friday . The stock traded as high as $26.34 and last traded at $26.34, with a volume of 359,193 shares trading hands. The stock had previously closed at $24.99.
Several equities research analysts have commented on the stock. Zacks Investment Research lowered shares of Buckle from a “hold” rating to a “sell” rating in a research note on Wednesday. Deutsche Bank AG reissued a “sell” rating and set a $22.00 target price on shares of Buckle in a research report on Tuesday, July 5th. KeyCorp reissued an “equal weight” rating on shares of Buckle in a research report on Sunday, June 26th. Finally, 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 report on Friday, May 6th. Three research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $31.80.
The company has a 50-day moving average of $26.11 and a 200-day moving average of $28.24. The firm has a market capitalization of $1.25 billion and a P/E ratio of 9.15.
Buckle (NYSE:BKE) last posted its quarterly earnings data on Friday, May 20th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.56 by $0.08. During the same quarter last year, the company earned $0.70 EPS. The company had revenue of $243.50 million for the quarter. Buckle’s revenue was down 10.2% on a year-over-year basis. On average, analysts predict that Buckle Inc. will post $2.56 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 27th. Investors of record on Friday, July 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.85%. The ex-dividend date was Wednesday, July 13th.
In other Buckle news, VP Kelli D. Molczyk sold 4,000 shares of Buckle stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of $26.71, for a total value of $106,840.00. Following the completion of the transaction, the vice president now directly owns 21,163 shares of the company’s stock, valued at $565,263.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Kyle Hanson sold 5,400 shares of Buckle stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $26.13, for a total transaction of $141,102.00. Following the completion of the transaction, the vice president now directly owns 25,400 shares of the company’s stock, valued at $663,702. The disclosure for this sale can be found here.
Other hedge funds and institutional investors have recently modified their holdings of the company. First Trust Advisors LP boosted its position 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 period. Atlantic Trust Group LLC boosted its position 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 period. Boston Partners purchased a new position in shares of Buckle during the fourth quarter valued at about $1,545,000. Rhumbline Advisers boosted its position 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 period. Finally, Eaton Vance Management purchased a new position 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. 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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