Buckle Inc (BKE) Upgraded at ValuEngine
Buckle Inc (NYSE:BKE) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.
Other equities research analysts have also issued reports about the company. Zacks Investment Research raised Buckle from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Friday. Deutsche Bank AG lowered Buckle from a “hold” rating to a “sell” rating and set a $16.00 target price on the stock. in a research report on Friday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Buckle currently has an average rating of “Hold” and an average target price of $18.67.
Buckle (NYSE:BKE) traded down 3.16% during mid-day trading on Friday, hitting $16.85. The company had a trading volume of 1,004,460 shares. The company’s 50 day moving average price is $18.41 and its 200-day moving average price is $20.79. The company has a market cap of $812.46 million, a PE ratio of 8.92 and a beta of 1.08. Buckle has a one year low of $16.00 and a one year high of $28.67.
Buckle (NYSE:BKE) last announced its earnings results on Thursday, May 18th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The company had revenue of $212.20 million for the quarter, compared to analyst estimates of $216.42 million. Buckle had a return on equity of 27.17% and a net margin of 11.32%. Buckle’s revenue for the quarter was down 12.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.48 earnings per share. Equities research analysts anticipate that Buckle will post $1.69 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 25th. Stockholders of record on Thursday, April 13th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, April 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.93%. Buckle’s dividend payout ratio is 41.49%.
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Several hedge funds and other institutional investors have recently modified their holdings of BKE. HighTower Advisors LLC acquired a new position in shares of Buckle during the first quarter worth $1,251,000. Tudor Investment Corp ET AL increased its position in shares of Buckle by 70.6% in the first quarter. Tudor Investment Corp ET AL now owns 18,600 shares of the company’s stock worth $346,000 after buying an additional 7,700 shares in the last quarter. Gotham Asset Management LLC increased its position in shares of Buckle by 91.3% in the first quarter. Gotham Asset Management LLC now owns 342,938 shares of the company’s stock worth $6,379,000 after buying an additional 163,695 shares in the last quarter. State Street Corp increased its position in shares of Buckle by 28.5% in the first quarter. State Street Corp now owns 1,046,933 shares of the company’s stock worth $19,468,000 after buying an additional 232,335 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Buckle by 73.1% in the first quarter. Bank of America Corp DE now owns 69,007 shares of the company’s stock worth $1,284,000 after buying an additional 29,147 shares in the last quarter. Institutional investors and hedge funds own 60.79% of the company’s stock.
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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