Buckle Inc. (BKE) Trading 3.2% Higher
Buckle Inc. (NYSE:BKE)’s share price traded 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 trading hands. The stock had previously closed at $26.95.
Several equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Buckle from a “sell” rating to a “hold” rating in a report on Tuesday, April 26th. Deutsche Bank AG assumed coverage on shares of Buckle in a report on Tuesday, April 26th. They set a “sell” rating and a $26.00 target price for the company. KeyCorp restated an “equal weight” rating on shares of Buckle in a 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 report on Friday, May 6th. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $31.80.
The stock has a market cap of $1.36 billion and a P/E ratio of 9.95. The stock has a 50 day moving average of $26.34 and a 200-day moving average of $28.15.
Buckle (NYSE:BKE) last announced its quarterly 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 firm had revenue of $212.20 million for the quarter, compared to the consensus estimate of $217.70 million. During the same period last year, the business posted $0.49 earnings per share. The business’s revenue for the quarter was down 10.1% on a year-over-year basis. Equities analysts predict that Buckle Inc. will post $2.55 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 27th. Investors of record on Friday, July 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend was Wednesday, July 13th.
In related news, VP Kelli D. Molczyk sold 4,000 shares of the company’s 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 sale, the vice president now owns 21,163 shares of the company’s stock, valued at $565,263.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kyle Hanson sold 5,400 shares of the company’s 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 sale, the vice president now directly owns 25,400 shares of the company’s stock, valued at approximately $663,702. 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 Buckle Inc. (NYSE:BKE) by 47.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,712 shares of the company’s stock after buying an additional 13,064 shares during the period. First Trust Advisors LP owned approximately 0.08% of Buckle worth $1,253,000 at the end of the most recent reporting 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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