Buckle (BKE) Raised to Strong-Buy at ValuEngine
ValuEngine upgraded shares of Buckle (NYSE:BKE) from a buy rating to a strong-buy rating in a research report report published on Sunday.
Separately, Zacks Investment Research raised shares of Buckle from a sell rating to a buy rating and set a $18.00 price target on the stock in a research report on Wednesday, November 1st.
Buckle (NYSE:BKE) opened at $24.30 on Friday. The firm has a market cap of $1,159.98, a PE ratio of 14.05 and a beta of 1.09. Buckle has a 12 month low of $13.50 and a 12 month high of $25.00.
Buckle (NYSE:BKE) last issued its quarterly earnings results on Friday, November 17th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The business had revenue of $224.30 million for the quarter, compared to analysts’ expectations of $224.12 million. Buckle had a net margin of 9.17% and a return on equity of 19.13%. The business’s quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 earnings per share. analysts predict that Buckle will post 1.7 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 12th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, January 11th. This represents a $1.00 annualized dividend and a dividend yield of 4.12%. Buckle’s dividend payout ratio is presently 57.80%.
In related news, VP Kyle Hanson sold 4,100 shares of the firm’s stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $15.95, for a total value of $65,395.00. Following the sale, the vice president now owns 24,900 shares of the company’s stock, valued at $397,155. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Brett P. Milkie sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $21.02, for a total transaction of $31,530.00. Following the completion of the sale, the senior vice president now directly owns 32,070 shares in the company, valued at approximately $674,111.40. The disclosure for this sale can be found here. Insiders have sold 7,600 shares of company stock worth $138,925 in the last three months. Corporate insiders own 41.70% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. FMR LLC raised its holdings in Buckle by 0.5% in the second quarter. FMR LLC now owns 7,326,750 shares of the company’s stock valued at $130,416,000 after acquiring an additional 33,335 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Buckle by 5,476.3% in the third quarter. Victory Capital Management Inc. now owns 1,341,438 shares of the company’s stock valued at $22,603,000 after acquiring an additional 1,317,382 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Buckle by 3.5% in the third quarter. Wells Fargo & Company MN now owns 958,812 shares of the company’s stock valued at $16,155,000 after acquiring an additional 32,030 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Buckle by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 806,048 shares of the company’s stock valued at $14,348,000 after acquiring an additional 6,088 shares in the last quarter. Finally, Palisade Capital Management LLC NJ raised its holdings in Buckle by 1.9% in the third quarter. Palisade Capital Management LLC NJ now owns 468,962 shares of the company’s stock valued at $7,902,000 after acquiring an additional 8,659 shares in the last quarter. 59.65% of the stock is currently owned by hedge funds and other institutional investors.
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Buckle 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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