Buckle, Inc. (The) (NYSE:BKE) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a report released on Monday.

A number of other research analysts have also recently commented on the stock. Zacks Investment Research raised shares of Buckle, Inc. (The) from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Friday, May 19th. Deutsche Bank AG reaffirmed a “sell” rating and issued a $15.00 target price (down previously from $16.00) on shares of Buckle, Inc. (The) in a research report on Thursday, June 22nd. Finally, BidaskClub raised shares of Buckle, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Buckle, Inc. (The) presently has an average rating of “Hold” and a consensus target price of $18.67.

Buckle, Inc. (BKE) traded up 0.60% on Monday, reaching $16.65. 622,755 shares of the company traded hands. The stock has a market capitalization of $802.83 million, a price-to-earnings ratio of 8.81 and a beta of 0.89. Buckle, Inc. has a 1-year low of $16.00 and a 1-year high of $28.67. The stock has a 50 day moving average of $17.09 and a 200-day moving average of $18.44.

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

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Hedge funds have recently modified their holdings of the company. Comerica Bank raised its stake in shares of Buckle, Inc. (The) by 4.5% in the first quarter. Comerica Bank now owns 31,112 shares of the company’s stock worth $588,000 after buying an additional 1,347 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Buckle, Inc. (The) by 3.8% in the first quarter. BNP Paribas Arbitrage SA now owns 13,453 shares of the company’s stock worth $250,000 after buying an additional 493 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Buckle, Inc. (The) by 5.4% in the first quarter. Bank of New York Mellon Corp now owns 799,960 shares of the company’s stock worth $14,879,000 after buying an additional 40,897 shares during the period. HPM Partners LLC acquired a new stake in shares of Buckle, Inc. (The) during the first quarter worth about $364,000. Finally, Boston Partners acquired a new stake in shares of Buckle, Inc. (The) during the first quarter worth about $190,000. Institutional investors 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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