Buckle Inc. (BKE) Trading Up 3.2%
Buckle Inc. (NYSE:BKE)’s share price was up 3.2% on Friday . The stock traded as high as $28.67 and last traded at $27.80, with a volume of 701,171 shares. The stock had previously closed at $26.95.
Several equities analysts recently weighed in on BKE shares. KeyCorp reissued an “equal weight” rating on shares of Buckle in a research report on Sunday, June 26th. Zacks Investment Research raised Buckle from a “sell” rating to a “hold” rating in a research report on Tuesday, April 26th. Deutsche Bank AG reissued a “sell” rating and set a $22.00 price objective on shares of Buckle in a research report on Tuesday, July 5th. Finally, Wolfe Research cut Buckle from a “peer perform” rating to an “underperform” rating and set a $23.00 price objective for the company. in a research report on Friday, May 6th. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $31.80.
The stock has a market capitalization of $1.36 billion and a PE ratio of 9.95. The company’s 50-day moving average is $26.28 and its 200-day moving average is $28.15.
Buckle (NYSE:BKE) last announced its quarterly earnings data on Friday, August 19th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.36 by $0.04. During the same period in the prior year, the company posted $0.49 EPS. The business had revenue of $212.20 million for the quarter, compared to analyst estimates of $217.70 million. Buckle’s quarterly revenue was down 10.1% on a year-over-year basis. Equities analysts expect that Buckle Inc. will post $2.56 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 27th. Shareholders of record on Friday, July 15th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, July 13th. This represents a $1.00 annualized dividend and a yield of 3.71%.
In other news, VP Kelli D. Molczyk sold 4,000 shares of the company’s stock in a transaction on Wednesday, July 13th. The shares were sold at an average price of $26.71, for a total transaction of $106,840.00. Following the completion of the transaction, the vice president now directly owns 21,163 shares in the company, valued at $565,263.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Kyle Hanson sold 5,400 shares of the company’s stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $26.13, for a total transaction of $141,102.00. Following the transaction, the vice president now 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 recently made changes to their positions in the company. Wells Fargo & Company MN increased its position in shares of Buckle by 90.3% in the fourth quarter. Wells Fargo & Company MN now owns 470,579 shares of the company’s stock valued at $14,484,000 after buying an additional 223,344 shares during the period. Rhumbline Advisers increased 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, First Trust Advisors LP increased 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.
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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