Buckle Inc. (BKE) Sees Large Volume Increase
Buckle Inc. (NYSE:BKE) shares saw an uptick in trading volume on Thursday . 595,953 shares traded hands during mid-day trading, an increase of 21% from the previous session’s volume of 490,577 shares.The stock last traded at $24.70 and had previously closed at $25.77.
Several research firms recently commented on BKE. Zacks Investment Research upgraded Buckle from a “strong sell” rating to a “hold” rating in a research report on Monday, July 25th. Deutsche Bank AG restated a “sell” rating on shares of Buckle in a research report on Tuesday, May 31st. KeyCorp restated an “equal weight” rating on shares of Buckle in a research report on Sunday, June 26th. Finally, Wolfe Research cut Buckle from a “peer perform” rating to an “underperform” rating and set a $23.00 target price on the stock. in a research report on Friday, May 6th. Three analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $31.80.
The stock’s 50-day moving average is $26.45 and its 200 day moving average is $28.02. The stock has a market cap of $1.19 billion and a P/E ratio of 9.23.
Buckle (NYSE:BKE) last released its earnings results on Friday, August 19th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by $0.04. The company earned $212.20 million during the quarter. The company’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.49 EPS. On average, equities analysts predict that Buckle Inc. will post $2.43 earnings per share for the current year.
In other Buckle news, VP Kelli D. Molczyk sold 4,000 shares of Buckle 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 sale, the vice president now directly owns 21,163 shares of the company’s stock, valued at $565,263.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kyle Hanson sold 1,000 shares of Buckle 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 sale, the vice president now directly owns 25,400 shares in the company, valued at $666,750. The disclosure for this sale can be found here.
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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