Buckle (BKE) Rating Increased to Strong-Buy at ValuEngine

Buckle (NYSE:BKE) was upgraded by equities research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Friday.

Separately, Zacks Investment Research upgraded shares of Buckle from a “sell” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Wednesday, November 1st.

Buckle (NYSE BKE) traded up $0.55 during trading hours on Friday, hitting $22.00. 316,472 shares of the stock traded hands, compared to its average volume of 610,667. The company has a market capitalization of $1,037.88, a P/E ratio of 12.72 and a beta of 0.97. Buckle has a one year low of $13.50 and a one year high of $25.11.

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 directly owns 20,500 shares in the company, valued at $427,220. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 41.70% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Handelsbanken Fonder AB purchased a new position in Buckle during the fourth quarter worth about $238,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in Buckle in the fourth quarter valued at about $2,439,000. HighPoint Advisor Group LLC purchased a new position in Buckle in the fourth quarter valued at about $561,000. Sterling Capital Management LLC purchased a new position in Buckle in the fourth quarter valued at about $1,011,000. Finally, MetLife Investment Advisors LLC purchased a new position in Buckle in the fourth quarter valued at about $337,000. Institutional investors and hedge funds own 62.58% of the company’s stock.

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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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