Buckle Inc (NYSE:BKE) was downgraded by equities researchers at Deutsche Bank AG from a “hold” rating to a “sell” rating in a report issued on Friday. They presently have a $16.00 target price on the stock. Deutsche Bank AG’s price objective would suggest a potential downside of 5.04% from the stock’s current price.

Separately, Zacks Investment Research upgraded shares of Buckle from a “strong sell” rating to a “hold” rating in a research report on Monday, May 8th.

Buckle (NYSE:BKE) last issued its earnings results on Thursday, May 18th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. Buckle had a net margin of 11.32% and a return on equity of 27.17%. The company had revenue of $212.20 million for the quarter, compared to analyst estimates of $216.42 million. During the same period in the prior year, the business posted $0.48 earnings per share. The firm’s revenue for the quarter was down 12.9% compared to the same quarter last year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 25th. Stockholders of record on Thursday, April 13th were given a $0.25 dividend. The ex-dividend date was Tuesday, April 11th. This represents a $1.00 annualized dividend and a dividend yield of 5.93%. Buckle’s dividend payout ratio is presently 41.49%.

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Hedge funds have recently added to or reduced their stakes in the stock. FMR LLC raised its stake in Buckle by 12.7% in the fourth quarter. FMR LLC now owns 7,292,000 shares of the company’s stock valued at $166,258,000 after buying an additional 820,200 shares in the last quarter. Baird Financial Group Inc. raised its stake in Buckle by 4.8% in the fourth quarter. Baird Financial Group Inc. now owns 78,989 shares of the company’s stock valued at $1,801,000 after buying an additional 3,612 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in Buckle during the fourth quarter valued at approximately $669,000. Comerica Bank raised its stake in Buckle by 5.8% in the fourth quarter. Comerica Bank now owns 29,765 shares of the company’s stock valued at $640,000 after buying an additional 1,637 shares in the last quarter. Finally, State Street Corp raised its stake in Buckle by 4.5% in the fourth quarter. State Street Corp now owns 814,598 shares of the company’s stock valued at $18,570,000 after buying an additional 35,132 shares in the last quarter. Institutional investors and hedge funds own 60.79% of the company’s stock.

About Buckle

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.

12 Month Chart for NYSE:BKE

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