Buckle Inc. (BKE) Sees Unusually-High Trading Volume
Buckle Inc. (NYSE:BKE) saw strong trading volume on Thursday . 595,953 shares changed 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.
A number of equities research analysts recently issued reports on the company. Wolfe Research lowered Buckle from a “peer perform” rating to an “underperform” rating and set a $23.00 target price on the stock. in a research note on Friday, May 6th. Zacks Investment Research raised Buckle from a “strong sell” rating to a “hold” rating in a research note on Monday, July 25th. Deutsche Bank AG reaffirmed a “sell” rating and issued a $22.00 target price on shares of Buckle in a research note on Tuesday, July 5th. Finally, KeyCorp reissued an “equal weight” rating on shares of Buckle in a research note on Sunday, June 26th. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Buckle currently has an average rating of “Hold” and a consensus target price of $31.80.
The company has a 50 day moving average price of $26.45 and a 200-day moving average price of $28.02. The stock has a market capitalization of $1.19 billion and a price-to-earnings ratio of 9.21.
Buckle (NYSE:BKE) last posted its quarterly earnings data on Friday, August 19th. The company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.04. During the same quarter last year, the firm earned $0.49 EPS. The company had revenue of $212.20 million for the quarter. The firm’s revenue for the quarter was down 10.1% compared to the same quarter last year. Analysts predict that Buckle Inc. will post $2.43 earnings per share for the current year.
In related news, VP Kyle Hanson sold 5,400 shares of the firm’s stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $26.13, for a total transaction of $141,102.00. Following the transaction, the vice president now owns 25,400 shares in the company, valued at $663,702. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Kelli D. Molczyk sold 4,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president now owns 21,163 shares in the company, valued at approximately $565,263.73. 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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