Buckle’s (NYSE:BKE) same-store sales dropped 3.7% in the month of November. Buckle’s stock climbed by 6.9% in the first day of trading following the report.

A number of brokerages have commented on BKE. Zacks Investment Research upgraded Buckle from a “sell” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Wednesday, November 1st. ValuEngine raised Buckle from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Deutsche Bank cut their price target on Buckle from $15.00 to $13.00 and set a “sell” rating for the company in a research note on Friday, August 18th. Finally, BidaskClub downgraded Buckle from a “hold” rating to a “sell” rating in a research note on Monday, August 14th.

In other news, Director Robert Erle Campbell sold 2,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $21.00, for a total transaction of $42,000.00. Following the completion of the sale, the director now directly owns 31,964 shares of the company’s stock, valued at approximately $671,244. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kyle Hanson sold 4,100 shares of the firm’s stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $15.95, for a total value of $65,395.00. Following the sale, the vice president now directly owns 24,900 shares of the company’s stock, valued at $397,155. The disclosure for this sale can be found here. Insiders have sold a total of 7,600 shares of company stock valued at $138,925 over the last ninety days. Company insiders own 41.70% of the company’s stock.

Shares of Buckle (NYSE BKE) traded down $2.00 during mid-day trading on Friday, hitting $22.25. The company had a trading volume of 1,277,100 shares, compared to its average volume of 551,455. Buckle has a 1-year low of $13.50 and a 1-year high of $27.10. The company has a market cap of $1,090.00, a P/E ratio of 13.41 and a beta of 0.94.

Buckle (NYSE:BKE) last issued its quarterly earnings data on Friday, November 17th. The company reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.01. Buckle had a return on equity of 19.13% and a net margin of 9.17%. The business had revenue of $224.30 million for the quarter, compared to the consensus estimate of $224.12 million. During the same period last year, the business earned $0.49 EPS. The firm’s revenue was down 6.2% compared to the same quarter last year. sell-side analysts predict that Buckle will post 1.7 EPS for the current year.

Several hedge funds have recently modified their holdings of the stock. Arizona State Retirement System raised its stake in shares of Buckle by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 14,779 shares of the company’s stock valued at $263,000 after acquiring an additional 100 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of Buckle by 0.3% in the 2nd quarter. HighTower Advisors LLC now owns 67,280 shares of the company’s stock valued at $1,197,000 after acquiring an additional 210 shares in the last quarter. Texas Permanent School Fund raised its stake in shares of Buckle by 1.3% in the 2nd quarter. Texas Permanent School Fund now owns 20,686 shares of the company’s stock valued at $368,000 after acquiring an additional 268 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Buckle by 4.6% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,650 shares of the company’s stock valued at $118,000 after acquiring an additional 290 shares in the last quarter. Finally, Thrivent Financial For Lutherans raised its stake in shares of Buckle by 6.0% in the 2nd quarter. Thrivent Financial For Lutherans now owns 17,120 shares of the company’s stock valued at $305,000 after acquiring an additional 970 shares in the last quarter. 59.72% of the stock is currently owned by institutional investors and hedge funds.

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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.

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