Buckle, Inc. (The) (BKE) Receives $21.33 Average Target Price from Analysts
Buckle, Inc. (The) (NYSE:BKE) has earned an average rating of “Hold” from the seven research firms that are covering the company. Three analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $21.33.
Separately, Deutsche Bank AG reaffirmed a “sell” rating and set a $20.00 target price on shares of Buckle, Inc. (The) in a research report on Tuesday, November 29th.
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Shares of Buckle, Inc. (NYSE:BKE) opened at 21.50 on Wednesday. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 8.92 and a beta of 1.11. Buckle, Inc. has a 52 week low of $19.95 and a 52 week high of $35.02. The firm’s 50-day moving average is $23.85 and its 200-day moving average is $24.30.
Buckle, Inc. (The) (NYSE:BKE) last issued its earnings results on Friday, November 18th. The company reported $0.48 EPS for the quarter, missing the Zacks’ consensus estimate of $0.51 by $0.03. The company had revenue of $239.20 million for the quarter. Buckle, Inc. (The) had a return on equity of 27.17% and a net margin of 11.32%. The business’s revenue for the quarter was down 14.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.75 earnings per share. Analysts forecast that Buckle, Inc. will post $2.09 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 25th. Investors of record on Friday, January 13th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.65%. The ex-dividend date is Wednesday, January 11th. Buckle, Inc. (The)’s payout ratio is 41.49%.
A number of institutional investors have recently modified their holdings of the stock. Hamlin Capital Management LLC increased its stake in shares of Buckle, Inc. (The) by 2.0% in the second quarter. Hamlin Capital Management LLC now owns 1,735,380 shares of the company’s stock valued at $45,103,000 after buying an additional 34,306 shares during the period. Palisade Capital Management LLC NJ increased its stake in shares of Buckle, Inc. (The) by 8.7% in the third quarter. Palisade Capital Management LLC NJ now owns 472,423 shares of the company’s stock valued at $11,352,000 after buying an additional 37,837 shares during the period. Schroder Investment Management Group increased its stake in shares of Buckle, Inc. (The) by 0.9% in the third quarter. Schroder Investment Management Group now owns 1,948,772 shares of the company’s stock valued at $46,829,000 after buying an additional 16,789 shares during the period. Mason Street Advisors LLC purchased a new stake in shares of Buckle, Inc. (The) during the second quarter valued at $142,000. Finally, California Public Employees Retirement System increased its stake in shares of Buckle, Inc. (The) by 12.9% in the second quarter. California Public Employees Retirement System now owns 89,100 shares of the company’s stock valued at $2,316,000 after buying an additional 10,200 shares during the period. 62.88% of the stock is currently owned by institutional investors.
About Buckle, Inc. (The)
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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