Buckle Inc. (BKE) Stock Price Down 1.8%
Buckle Inc. (NYSE:BKE) was down 1.8% during mid-day trading on Tuesday . The company traded as low as $26.44 and last traded at $26.47, with a volume of 168,562 shares changing hands. The stock had previously closed at $26.96.
A number of equities research analysts recently issued reports on BKE shares. KeyCorp reiterated an “equal weight” rating on shares of Buckle in a research note on Sunday, June 26th. Deutsche Bank AG reiterated a “sell” rating and set a $22.00 price objective on shares of Buckle in a research note on Tuesday, July 5th. 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 note on Friday, May 6th. Finally, Zacks Investment Research upgraded shares of Buckle from a “strong sell” rating to a “hold” rating in a research note on Monday, July 25th. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $31.80.
The stock’s 50 day moving average is $26.51 and its 200-day moving average is $28.05. The company has a market cap of $1.18 billion and a PE ratio of 9.143.
Buckle (NYSE:BKE) last released its earnings results on Friday, August 19th. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.04. During the same period in the previous year, the business posted $0.49 EPS. The business earned $212.20 million during the quarter. Buckle’s revenue for the quarter was down 10.1% on a year-over-year basis. Equities analysts predict that Buckle Inc. will post $2.43 EPS for the current fiscal year.
In related news, VP Kyle Hanson sold 5,400 shares of the business’s stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $26.13, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kelli D. Molczyk sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 13th. The stock was sold at an average price of $26.71, for a total value of $106,840.00. Following the transaction, the vice president now directly owns 21,163 shares in the company, valued at $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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