Buckle (NYSE:BKE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Monday.
According to Zacks, “The Buckle, Inc. is a leading retailer of medium to better-priced casual apparel, footwear, and accessories for fashion-conscious young men and women. Buckle markets a wide selection of brand names and private label casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear. The Company emphasizes personalized attention to its guests (customers) and provides individual customer services such as free alterations, layaways, and a frequent shopper program. “
Separately, ValuEngine cut shares of Buckle from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 1st.
In related news, VP Diane L. Applegate sold 1,200 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $20.84, for a total transaction of $25,008.00. Following the transaction, the vice president now owns 20,500 shares in the company, valued at $427,220. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 41.70% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the stock. C M Bidwell & Associates Ltd. bought a new stake in Buckle during the fourth quarter worth about $105,000. Public Employees Retirement System of Ohio boosted its stake in Buckle by 14.2% during the second quarter. Public Employees Retirement System of Ohio now owns 7,983 shares of the company’s stock worth $142,000 after acquiring an additional 995 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in Buckle by 59.8% during the third quarter. Municipal Employees Retirement System of Michigan now owns 10,630 shares of the company’s stock worth $179,000 after acquiring an additional 3,980 shares in the last quarter. Morris Capital Advisors LLC bought a new stake in Buckle during the fourth quarter worth about $234,000. Finally, Handelsbanken Fonder AB bought a new stake in Buckle during the fourth quarter worth about $238,000. 64.93% 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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