Buckle, Inc. (The) (NYSE:BKE) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a research note issued on Wednesday. The brokerage presently has a $18.00 price target on the stock. Zacks Investment Research‘s price target points to a potential upside of 9.42% from the company’s previous close.
According to Zacks, “Buckle, Inc. is a retailer of medium to better-priced casual apparel for young men and women. The company markets a wide selection of mostly brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear. They emphasize personalized attention to their customers and provides individual customer services such as free alterations, free gift-wrapping, easy layaways and a frequent shopper program. Most stores are located in regional, high-traffic shopping malls, and this is their strategy for future expansion. “
A number of other brokerages have also issued reports on BKE. Deutsche Bank AG upgraded shares of Buckle, Inc. (The) from a “sell” rating to a “hold” rating and upped their target price for the company from $15.00 to $16.00 in a research note on Tuesday, July 4th. BidaskClub upgraded shares of Buckle, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, ValuEngine upgraded shares of Buckle, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th.
Buckle, Inc. (The) (NYSE:BKE) last issued its quarterly earnings data on Thursday, August 17th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The firm had revenue of $195.65 million for the quarter, compared to analyst estimates of $195.97 million. Buckle, Inc. (The) had a net margin of 9.40% and a return on equity of 19.96%. The firm’s revenue was down 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 EPS.
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In other news, VP Kyle Hanson sold 4,100 shares of the company’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $15.95, for a total value of $65,395.00. Following the sale, the vice president now owns 24,900 shares in the company, valued at approximately $397,155. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 41.70% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Municipal Employees Retirement System of Michigan raised its stake in Buckle, Inc. (The) by 4.6% during the second quarter. Municipal Employees Retirement System of Michigan now owns 6,650 shares of the company’s stock worth $118,000 after acquiring an additional 290 shares during the period. Public Employees Retirement System of Ohio raised its stake in Buckle, Inc. (The) by 17.8% during the first quarter. Public Employees Retirement System of Ohio now owns 6,988 shares of the company’s stock worth $130,000 after acquiring an additional 1,056 shares during the period. Pacad Investment Ltd. raised its stake in Buckle, Inc. (The) by 750.0% during the second quarter. Pacad Investment Ltd. now owns 8,500 shares of the company’s stock worth $151,000 after acquiring an additional 7,500 shares during the period. Leucadia National Corp acquired a new stake in Buckle, Inc. (The) during the second quarter worth about $181,000. Finally, Karp Capital Management Corp acquired a new stake in Buckle, Inc. (The) during the first quarter worth about $193,000. Hedge funds and other institutional investors own 59.69% of the company’s stock.
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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