Buckle (NYSE:BKE) Lifted to “Strong-Buy” at ValuEngine

Buckle (NYSE:BKE) was upgraded by investment analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday, April 2nd.

BKE has been the subject of a number of other reports. TheStreet raised Buckle from a “c” rating to a “b-” rating in a report on Friday, March 16th. Zacks Investment Research raised Buckle from a “sell” rating to a “buy” rating and set a $23.00 price target for the company in a report on Wednesday, March 21st. Two research analysts have rated the stock with a sell rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Buckle has a consensus rating of “Hold” and an average target price of $18.00.

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Shares of BKE stock traded up $0.05 during mid-day trading on Monday, reaching $22.70. The stock had a trading volume of 415,388 shares, compared to its average volume of 624,838. Buckle has a one year low of $13.50 and a one year high of $25.11. The company has a market capitalization of $1,106.26, a P/E ratio of 12.30 and a beta of 0.78.



Buckle (NYSE:BKE) last announced its quarterly earnings data on Friday, March 16th. The company reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.13. Buckle had a return on equity of 20.98% and a net margin of 9.82%. The company had revenue of $281.20 million during the quarter, compared to the consensus estimate of $280.04 million. During the same quarter last year, the company earned $0.74 EPS. The company’s quarterly revenue was up .4% on a year-over-year basis. equities analysts expect that Buckle will post 1.77 EPS for the current year.

In other Buckle news, VP Diane L. Applegate sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The stock was 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 of the company’s stock, valued at $427,220. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert Erle Campbell sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, April 13th. The stock was sold at an average price of $22.70, for a total value of $45,400.00. Following the transaction, the director now directly owns 32,214 shares in the company, valued at approximately $731,257.80. The disclosure for this sale can be found here. Insiders sold a total of 5,753 shares of company stock valued at $123,383 over the last three months. Insiders own 41.70% of the company’s stock.

Several large investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Buckle by 1.6% in the fourth quarter. BlackRock Inc. now owns 3,603,438 shares of the company’s stock valued at $85,583,000 after buying an additional 57,946 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Buckle by 3.5% in the third quarter. Wells Fargo & Company MN now owns 958,812 shares of the company’s stock valued at $16,155,000 after buying an additional 32,030 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Buckle by 4.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 485,906 shares of the company’s stock valued at $11,541,000 after buying an additional 22,262 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Buckle by 3.4% in the third quarter. Ameriprise Financial Inc. now owns 238,720 shares of the company’s stock valued at $4,021,000 after buying an additional 7,849 shares during the period. Finally, California Public Employees Retirement System boosted its stake in shares of Buckle by 9.3% in the fourth quarter. California Public Employees Retirement System now owns 175,248 shares of the company’s stock valued at $4,162,000 after buying an additional 14,950 shares during the period. Institutional investors own 65.49% of the company’s stock.

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Buckle Company Profile

The Buckle, Inc operates as a retailer of casual apparel, footwear, and accessories for young men and women in the United States. The company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear. It operates stores under the Buckle and The Buckle names.

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

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