Buckle (NYSE:BKE) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Friday, ValuEngine reports.

A number of other research firms have also weighed in on BKE. TheStreet lowered WESCO International from a “b-” rating to a “c+” rating in a research report on Friday, May 24th. Zacks Investment Research lowered ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday.

Shares of NYSE:BKE traded up $2.27 during midday trading on Friday, reaching $19.58. The company had a trading volume of 1,374,300 shares, compared to its average volume of 565,406. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.58 and a current ratio of 2.30. Buckle has a 1-year low of $14.81 and a 1-year high of $29.65. The company has a market capitalization of $837.89 million, a price-to-earnings ratio of 9.94 and a beta of 0.74. The company has a fifty day simple moving average of $16.49.

Buckle (NYSE:BKE) last released its quarterly earnings results on Friday, May 24th. The company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.05). Buckle had a net margin of 10.47% and a return on equity of 22.96%. The company had revenue of $201.31 million during the quarter, compared to analyst estimates of $200.93 million. During the same quarter last year, the business earned $0.38 EPS. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Buckle will post 1.73 earnings per share for the current fiscal year.

In other Buckle news, Director Robert Erle Campbell sold 2,000 shares of the firm’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $19.00, for a total transaction of $38,000.00. Following the completion of the sale, the director now directly owns 30,464 shares in the company, valued at approximately $578,816. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 41.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. boosted its position in Buckle by 2.9% during the 4th quarter. BlackRock Inc. now owns 4,123,876 shares of the company’s stock worth $79,756,000 after acquiring an additional 114,450 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in Buckle by 4.3% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,097,781 shares of the company’s stock worth $20,551,000 after acquiring an additional 44,900 shares during the period. Bank of New York Mellon Corp boosted its position in Buckle by 2.0% during the 4th quarter. Bank of New York Mellon Corp now owns 827,994 shares of the company’s stock worth $16,013,000 after acquiring an additional 16,545 shares during the period. Norges Bank acquired a new stake in Buckle during the 4th quarter worth about $11,332,000. Finally, RK Asset Management LLC boosted its position in Buckle by 217.1% during the 2nd quarter. RK Asset Management LLC now owns 369,868 shares of the company’s stock worth $6,402,000 after acquiring an additional 253,225 shares during the period. Hedge funds and other institutional investors own 66.52% of the company’s stock.

About Buckle

The Buckle, Inc operates as a retailer of casual apparel, footwear, and accessories for young men and women in the United States. It markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear, as well as private label merchandise primarily comprising BKE, Buckle Black, BKE Boutique, Red by BKE, Daytrip denim, Gimmicks, Gilded Intent, FITZ + EDDI, Outpost Makers, Departwest, and Veece.

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