Buckle (BKE) Upgraded by ValuEngine to “Strong-Buy”

Buckle (NYSE:BKE) was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a report released on Friday.

A number of other research firms have also weighed in on BKE. BidaskClub raised Buckle from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research raised Buckle from a “sell” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Wednesday, November 1st. Finally, Deutsche Bank lowered their price target on Buckle from $15.00 to $13.00 and set a “sell” rating for the company in a research report on Friday, August 18th.

Buckle (NYSE:BKE) traded down $0.70 during midday trading on Friday, hitting $21.55. The stock had a trading volume of 820,347 shares, compared to its average volume of 743,024. Buckle has a 12 month low of $13.50 and a 12 month high of $27.10. The company has a market cap of $1,052.61, a price-to-earnings ratio of 12.46 and a beta of 1.08.

Buckle (NYSE:BKE) last released its earnings results on Friday, November 17th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. Buckle had a return on equity of 19.13% and a net margin of 9.17%. The company had revenue of $224.30 million during the quarter, compared to analyst estimates of $224.12 million. During the same quarter in the previous year, the company posted $0.49 EPS. Buckle’s revenue for the quarter was down 6.2% on a year-over-year basis. research analysts expect that Buckle will post 1.7 EPS for the current year.

In other news, Director Robert Erle Campbell sold 2,000 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $21.00, for a total value of $42,000.00. Following the completion of the transaction, the director now owns 31,964 shares of the company’s stock, valued at approximately $671,244. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Brett P. Milkie sold 1,500 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $21.02, for a total value of $31,530.00. Following the completion of the transaction, the senior vice president now directly owns 32,070 shares of the company’s stock, valued at approximately $674,111.40. 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 in the last ninety days. 41.70% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the company. GSA Capital Partners LLP bought a new position in shares of Buckle in the 3rd quarter worth approximately $265,000. California Public Employees Retirement System raised its position in shares of Buckle by 20.8% in the 3rd quarter. California Public Employees Retirement System now owns 160,298 shares of the company’s stock worth $2,701,000 after acquiring an additional 27,598 shares in the last quarter. Engineers Gate Manager LP bought a new position in shares of Buckle in the 3rd quarter worth approximately $1,007,000. Schwab Charles Investment Management Inc. raised its position in shares of Buckle by 39.6% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 463,644 shares of the company’s stock worth $7,813,000 after acquiring an additional 131,594 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Buckle by 3.5% in the 3rd quarter. Wells Fargo & Company MN now owns 958,812 shares of the company’s stock worth $16,155,000 after acquiring an additional 32,030 shares in the last quarter. 59.72% of the stock is owned by hedge funds and other institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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