Buckle Inc. (BKE) Shares Gap Up to $25.99
Buckle Inc. (NYSE:BKE)’s share price gapped up prior to trading on Monday . The stock had previously closed at $25.90, but opened at $25.99. Buckle shares last traded at $26.70, with a volume of 251,891 shares trading hands.
Several equities analysts have recently commented on BKE shares. Zacks Investment Research raised Buckle from a “sell” rating to a “hold” rating in a research note on Wednesday, April 20th. Deutsche Bank AG started coverage on Buckle in a research note on Tuesday, April 26th. They issued a “sell” rating and a $26.00 price target on the stock. Wolfe Research lowered Buckle from a “peer perform” rating to an “underperform” rating and set a $23.00 price target on the stock. 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. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The company has an average rating of “Hold” and an average target price of $31.80.
The stock’s 50 day moving average price is $26.13 and its 200-day moving average price is $28.19. The company has a market cap of $1.29 billion and a P/E ratio of 9.45.
Buckle (NYSE:BKE) last released its quarterly earnings results on Friday, May 20th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.56 by $0.08. The business earned $243.50 million during the quarter. The firm’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.70 earnings per share. On average, equities research analysts expect that Buckle Inc. will post $2.56 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 27th. Shareholders of record on Friday, July 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.73%. The ex-dividend date was Wednesday, July 13th.
In other Buckle news, VP Kelli D. Molczyk sold 4,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the vice president now 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 is accessible through this link. Also, VP Kyle Hanson sold 5,400 shares of the firm’s stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $26.13, for a total value of $141,102.00. Following the transaction, 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.
Several large investors have made changes to their positions in BKE. First Trust Advisors LP increased 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 in the last quarter. Rhumbline Advisers increased its stake in 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 period. Eaton Vance Management purchased a new stake in Buckle during the fourth quarter worth about $11,168,000. Finally, Wells Fargo & Company MN increased its stake in Buckle by 90.3% in the fourth quarter. Wells Fargo & Company MN now owns 470,579 shares of the company’s stock worth $14,484,000 after buying an additional 223,344 shares during the 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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