Buckle, Inc. (The) (NYSE:BKE) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Several other equities analysts have also recently weighed in on BKE. Deutsche Bank AG restated a “sell” rating and issued a $15.00 price objective on shares of Buckle, Inc. (The) in a report on Wednesday, August 2nd. BidaskClub downgraded shares of Buckle, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research upgraded shares of Buckle, Inc. (The) from a “strong sell” rating to a “hold” rating in a research note on Monday, May 8th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $18.67.

Shares of Buckle, Inc. (NYSE:BKE) opened at 16.70 on Monday. Buckle, Inc. has a 12 month low of $16.00 and a 12 month high of $28.67. The firm has a market cap of $805.24 million, a PE ratio of 8.84 and a beta of 0.89. The firm has a 50 day moving average price of $17.01 and a 200-day moving average price of $18.40.

Buckle, Inc. (The) (NYSE:BKE) last announced its quarterly earnings data on Thursday, May 18th. The company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.02. The company had revenue of $212.20 million during the quarter, compared to analysts’ expectations of $216.42 million. Buckle, Inc. (The) had a return on equity of 20.95% and a net margin of 9.66%. Buckle, Inc. (The)’s revenue for the quarter was down 12.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.48 EPS. On average, analysts predict that Buckle, Inc. will post $1.68 EPS for the current fiscal year.

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A number of large investors have recently modified their holdings of BKE. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Buckle, Inc. (The) by 15.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,466 shares of the company’s stock valued at $102,000 after buying an additional 737 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in shares of Buckle, Inc. (The) by 4.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,650 shares of the company’s stock valued at $118,000 after buying an additional 290 shares during the period. Mason Street Advisors LLC increased its stake in shares of Buckle, Inc. (The) by 8.2% in the first quarter. Mason Street Advisors LLC now owns 6,594 shares of the company’s stock valued at $123,000 after buying an additional 497 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Buckle, Inc. (The) by 17.8% in the first quarter. Public Employees Retirement System of Ohio now owns 6,988 shares of the company’s stock valued at $130,000 after buying an additional 1,056 shares during the period. Finally, Leucadia National Corp purchased a new stake in shares of Buckle, Inc. (The) during the second quarter valued at about $181,000. Institutional investors and hedge funds own 66.46% of the company’s stock.

Buckle, Inc. (The) Company Profile

The Buckle, Inc is a retailer of casual apparel, footwear and accessories for young men and women. As of January 28, 2017, the Company operated 467 retail stores in 44 states throughout the United States under the names Buckle and The Buckle. The Company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear.

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