Buckle Inc. (BKE) Sees Large Volume Increase
Shares of Buckle Inc. (NYSE:BKE) saw an uptick in trading volume on Thursday . 786,533 shares traded hands during trading, an increase of 80% from the previous session’s volume of 437,181 shares.The stock last traded at $26.95 and had previously closed at $26.15.
A number of research firms have issued reports on BKE. Deutsche Bank AG reissued a “sell” rating on shares of Buckle in a report on Tuesday, May 31st. Zacks Investment Research raised shares of Buckle from a “sell” rating to a “hold” rating in a report on Tuesday, April 26th. Wolfe Research downgraded shares of Buckle from a “peer perform” rating to an “underperform” rating and set a $23.00 price objective on the stock. in a report on Friday, May 6th. Finally, KeyCorp reaffirmed 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 six have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $31.80.
The company has a 50 day moving average price of $26.34 and a 200 day moving average price of $28.15. The firm has a market capitalization of $1.36 billion and a P/E ratio of 9.95.
Buckle (NYSE:BKE) last posted its earnings results on Friday, August 19th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $0.04. The business earned $212.20 million during the quarter, compared to the consensus estimate of $217.70 million. The firm’s revenue was down 10.1% compared to the same quarter last year. During the same period last year, the business posted $0.49 earnings per share. On average, equities research analysts expect that Buckle Inc. will post $2.56 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 27th. Investors of record on Friday, July 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, July 13th. This represents a $1.00 dividend on an annualized basis and a yield of 3.54%.
In related news, VP Kyle Hanson sold 5,400 shares of Buckle stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $26.13, for a total value of $141,102.00. Following the completion of the transaction, the vice president now directly owns 25,400 shares in the company, valued at $663,702. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Kelli D. Molczyk sold 4,000 shares of Buckle stock in a transaction on 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 owns 21,163 shares of the company’s stock, valued at $565,263.73. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Buckle stock. First Trust Advisors LP increased its stake in shares of Buckle Inc. (NYSE:BKE) by 47.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 40,712 shares of the company’s stock after buying an additional 13,064 shares during the period. First Trust Advisors LP owned about 0.08% of Buckle worth $1,253,000 as of its most recent filing with the SEC.
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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