Buckle Inc. (BKE) Shares Up 1.7%
Shares of Buckle Inc. (NYSE:BKE) rose 1.7% on Monday . The stock traded as high as $26.44 and last traded at $26.42, with a volume of 93,623 shares changing hands. The stock had previously closed at $25.99.
BKE has been the subject of several research reports. Standpoint Research downgraded Buckle from a “buy” rating to a “hold” rating in a report on Wednesday, March 30th. Zacks Investment Research downgraded Buckle from a “hold” rating to a “sell” rating in a research note on Wednesday, March 30th. Deutsche Bank AG started coverage on Buckle in a research note on Tuesday, April 26th. They set a “sell” rating and a $26.00 price objective for the company. Wolfe Research downgraded Buckle from a “peer perform” rating to an “underperform” rating and set a $23.00 price objective for the company. in a research note on Friday, May 6th. Finally, KeyCorp reaffirmed an “equal weight” rating on shares of Buckle in a research note on Sunday, June 26th. Two equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Buckle has an average rating of “Hold” and a consensus price target of $31.80.
The stock has a 50-day moving average of $25.72 and a 200-day moving average of $28.36. The firm has a market cap of $1.28 billion and a P/E ratio of 9.40.
Buckle (NYSE:BKE) last released its earnings results on Friday, May 20th. The company reported $0.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.08. During the same quarter last year, the business posted $0.70 earnings per share. The business had revenue of $243.50 million for the quarter. The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. On average, equities analysts forecast that Buckle Inc. will post $2.62 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 27th. Shareholders of record on Friday, July 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date is Wednesday, July 13th.
In other Buckle news, VP Kelli D. Molczyk sold 4,000 shares of the business’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 owns 21,163 shares of the company’s stock, valued at approximately $565,263.73. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Kyle Hanson sold 1,000 shares of the business’s stock in a transaction on Tuesday, July 19th. The stock was sold at an average price of $26.25, for a total transaction of $26,250.00. Following the transaction, the vice president now directly owns 25,400 shares of the company’s stock, valued at approximately $666,750. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors have recently added to or reduced their stakes in the company. First Trust Advisors LP raised its position in Buckle by 47.3% in the fourth quarter. First Trust Advisors LP now owns 40,712 shares of the company’s stock worth $1,253,000 after buying an additional 13,064 shares in the last quarter. Rhumbline Advisers increased its position in 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 last quarter. Boston Partners bought a new position in Buckle during the fourth quarter valued at about $1,545,000. Wells Fargo & Company MN increased its position in 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 last quarter. Finally, Atlantic Trust Group LLC increased its position in Buckle by 20.8% in the fourth quarter. Atlantic Trust Group LLC now owns 43,037 shares of the company’s stock valued at $1,325,000 after buying an additional 7,420 shares during the last quarter.
The Buckle, Inc is a retailer of casual apparel, footwear and accessories for young men and women. As of March 26, 2015, the Company operated 462 retail stores in 44 states of the United States under the names of Buckle and The Buckle. The existing stores are in four downtown locations, nine strip centers, 56 lifestyle centers, and 393 shopping malls.
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