Buckle (BKE) Raised to Hold at Zacks Investment Research
Buckle (NYSE:BKE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.
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. “
A number of other analysts have also commented on BKE. TheStreet upgraded Buckle from a “c” rating to a “b-” rating in a research report on Tuesday, November 27th. ValuEngine lowered Buckle from a “hold” rating to a “sell” rating in a research report on Wednesday, January 30th. Finally, Deutsche Bank lowered Buckle from a “hold” rating to a “sell” rating and set a $16.00 price objective for the company. in a research report on Friday, March 8th.
Buckle (NYSE:BKE) last announced its quarterly earnings data on Friday, March 15th. The company reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.04. The firm had revenue of $264.40 million during the quarter, compared to analyst estimates of $267.55 million. Buckle had a return on equity of 23.58% and a net margin of 10.80%. The company’s revenue was down 6.0% on a year-over-year basis. During the same period last year, the company earned $0.87 earnings per share. On average, analysts expect that Buckle will post 1.64 EPS for the current year.
In other news, Director Karen B. Rhoads sold 4,000 shares of the business’s stock in a transaction dated Thursday, December 20th. The stock was sold at an average price of $18.85, for a total transaction of $75,400.00. Following the completion of the transaction, the director now directly owns 1,687 shares in the company, valued at approximately $31,799.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 41.80% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of the company. American Century Companies Inc. grew its position in shares of Buckle by 1.4% during the 4th quarter. American Century Companies Inc. now owns 265,961 shares of the company’s stock worth $5,144,000 after buying an additional 3,578 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Buckle by 5.3% during the 4th quarter. Geode Capital Management LLC now owns 329,558 shares of the company’s stock valued at $6,373,000 after purchasing an additional 16,675 shares in the last quarter. Norges Bank bought a new position in shares of Buckle during the 4th quarter valued at about $11,332,000. Municipal Employees Retirement System of Michigan bought a new position in shares of Buckle during the 4th quarter valued at about $245,000. Finally, Metropolitan Life Insurance Co. NY lifted its holdings in shares of Buckle by 465.5% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 10,457 shares of the company’s stock valued at $202,000 after purchasing an additional 8,608 shares in the last quarter. Institutional investors own 68.19% of the company’s stock.
The Buckle, Inc operates as a retailer of casual apparel, footwear, and accessories for young men and women in the United States. It markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear, as well as private label merchandise primarily comprising BKE, Buckle Black, BKE Boutique, Red by BKE, Daytrip denim, Gimmicks, Gilded Intent, Outpost Makers, Departwest, and Veece.
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