Buckle Inc. (BKE) Trading Down 4.4%
Buckle Inc. (NYSE:BKE) shares traded down 4.4% during trading on Tuesday . The stock traded as low as $26.02 and last traded at $26.16, with a volume of 158,490 shares trading hands. The stock had previously closed at $27.37.
Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of 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 and set a $22.00 price objective on shares of Buckle in a research report on Tuesday, July 5th. KeyCorp restated an “equal weight” rating on shares of Buckle in a research 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 price objective for the company. in a research report on Friday, May 6th. Two research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $31.80.
The company has a market capitalization of $1.25 billion and a P/E ratio of 9.14. The stock has a 50-day moving average of $26.04 and a 200 day moving average of $28.31.
Buckle (NYSE:BKE) last released its quarterly earnings data on Friday, May 20th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by $0.08. During the same period in the previous year, the business earned $0.70 EPS. The business had revenue of $243.50 million for the quarter. Buckle’s quarterly revenue was down 10.2% compared to the same quarter last year. Analysts predict that Buckle Inc. will post $2.63 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 27th. Stockholders of record on Friday, July 15th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date of this dividend was Wednesday, July 13th.
In other news, VP Kyle Hanson sold 5,400 shares of Buckle stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $26.13, for a total transaction of $141,102.00. Following the sale, the vice president now owns 25,400 shares of the company’s stock, valued at approximately $663,702. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kelli D. Molczyk sold 4,000 shares of Buckle stock in a transaction dated Wednesday, July 13th. The shares were 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 in the company, valued at approximately $565,263.73. The disclosure for this sale can be found here.
Several large investors recently made changes to their positions in the stock. First Trust Advisors LP raised its stake in shares of 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 during the last quarter. Atlantic Trust Group LLC raised its stake in shares of Buckle by 20.8% in the fourth quarter. Atlantic Trust Group LLC now owns 43,037 shares of the company’s stock worth $1,325,000 after buying an additional 7,420 shares during the last quarter. Boston Partners bought a new stake in shares of Buckle during the fourth quarter worth $1,545,000. Rhumbline Advisers raised its stake in shares of Buckle by 4.2% in the fourth quarter. Rhumbline Advisers now owns 57,814 shares of the company’s stock worth $1,780,000 after buying an additional 2,330 shares during the last quarter. Finally, Eaton Vance Management bought a new stake in shares of Buckle during the fourth quarter worth $11,168,000.
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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