Deutsche Bank AG Reiterates Sell Rating for Buckle, Inc. (The) (BKE)

Deutsche Bank AG restated their sell rating on shares of Buckle, Inc. (The) (NYSE:BKE) in a research report report published on Wednesday morning. The firm currently has a $15.00 target price on the stock.

BKE has been the topic of several other research reports. ValuEngine upgraded Buckle, Inc. (The) from a hold rating to a buy rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded Buckle, Inc. (The) from a hold rating to a buy rating and set a $19.00 price target on the stock in a research report on Friday, May 19th. Finally, BidaskClub cut Buckle, Inc. (The) from a hold rating to a sell rating in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The company has an average rating of Hold and an average target price of $18.67.

Shares of Buckle, Inc. (BKE) opened at 16.55 on Wednesday. The stock has a 50 day moving average price of $17.09 and a 200-day moving average price of $18.44. The stock has a market cap of $798.01 million, a P/E ratio of 8.76 and a beta of 0.89. Buckle, Inc. has a 52 week low of $16.00 and a 52 week high of $28.67.

Buckle, Inc. (The) (NYSE:BKE) last issued its quarterly earnings results on Thursday, May 18th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.02. The firm had revenue of $212.20 million for the quarter, compared to analysts’ expectations of $216.42 million. Buckle, Inc. (The) had a return on equity of 20.95% and a net margin of 9.66%. The firm’s revenue for the quarter was down 12.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.48 EPS. Equities analysts predict that Buckle, Inc. will post $1.68 EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 26th. Shareholders of record on Friday, July 14th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 6.04%. The ex-dividend date of this dividend was Wednesday, July 12th. Buckle, Inc. (The)’s dividend payout ratio is presently 53.19%.

A number of large investors have recently made changes to their positions in the stock. Texas Permanent School Fund raised its stake in shares of Buckle, Inc. (The) by 0.3% in the first quarter. Texas Permanent School Fund now owns 20,418 shares of the company’s stock worth $380,000 after buying an additional 67 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Buckle, Inc. (The) by 0.7% in the second quarter. Arizona State Retirement System now owns 14,779 shares of the company’s stock worth $263,000 after buying an additional 100 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Buckle, Inc. (The) by 4.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,650 shares of the company’s stock worth $118,000 after buying an additional 290 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Buckle, Inc. (The) by 2.7% in the first quarter. Louisiana State Employees Retirement System now owns 11,500 shares of the company’s stock worth $214,000 after buying an additional 300 shares in the last quarter. Finally, 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 in the last quarter. 66.50% of the stock is currently owned by institutional investors.

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.