Buckle, Inc. (The) (BKE) Reaches New 12-Month Low at $15.73

Buckle, Inc. (The) (NYSE:BKE) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $15.73 and last traded at $15.70, with a volume of 440,841 shares. The stock had previously closed at $16.35.

Several research analysts have recently issued reports on BKE shares. 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. ValuEngine lowered Buckle, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Deutsche Bank AG upgraded Buckle, Inc. (The) from a “sell” rating to a “hold” rating and raised their price target for the stock from $15.00 to $16.00 in a research report on Tuesday, July 4th. Finally, BidaskClub upgraded Buckle, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The company has an average rating of “Hold” and a consensus target price of $18.67.

The stock has a 50-day moving average of $16.89 and a 200-day moving average of $18.22. The company has a market cap of $752.20 million, a price-to-earnings ratio of 8.25 and a beta of 0.89.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 26th. Shareholders of record on Friday, July 14th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, July 12th. This represents a $1.00 dividend on an annualized basis and a yield of 6.41%. Buckle, Inc. (The)’s dividend payout ratio (DPR) is currently 53.19%.

A number of hedge funds have recently modified their holdings of BKE. Adams Asset Advisors LLC boosted its stake in shares of Buckle, Inc. (The) by 32.3% in the first quarter. Adams Asset Advisors LLC now owns 42,953 shares of the company’s stock worth $798,000 after buying an additional 10,498 shares during the period. Sprucegrove Investment Management Ltd. boosted its stake in shares of Buckle, Inc. (The) by 56.7% in the first quarter. Sprucegrove Investment Management Ltd. now owns 422,300 shares of the company’s stock worth $7,855,000 after buying an additional 152,800 shares during the period. Creative Planning boosted its stake in shares of Buckle, Inc. (The) by 3.6% in the first quarter. Creative Planning now owns 18,479 shares of the company’s stock worth $344,000 after buying an additional 647 shares during the period. Oxford Asset Management purchased a new stake in shares of Buckle, Inc. (The) during the first quarter worth approximately $187,000. Finally, Gotham Asset Management LLC boosted its stake in shares of Buckle, Inc. (The) by 91.3% in the first quarter. Gotham Asset Management LLC now owns 342,938 shares of the company’s stock worth $6,379,000 after buying an additional 163,695 shares during the period. 66.46% of the stock is currently owned by institutional investors and hedge funds.

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About Buckle, Inc. (The)

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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