Buckle, Inc. (The) Stock Rises 6.9% Following November Same Store Sales Report (NYSE:BKE)

Buckle’s (NYSE:BKE) same-store sales decreased by 3.7% during the month of November. Buckle’s stock rose by 6.9% in the first day of trading following the report.

BKE has been the topic of a number of research analyst reports. ValuEngine raised Buckle from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub lowered Buckle from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Deutsche Bank lowered their price target on Buckle from $15.00 to $13.00 and set a “sell” rating on the stock in a research note on Friday, August 18th. Finally, Zacks Investment Research raised Buckle from a “sell” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Wednesday, November 1st.

In related news, Director Robert Erle Campbell sold 2,000 shares of Buckle stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $21.00, for a total transaction of $42,000.00. Following the transaction, the director now owns 31,964 shares in the company, valued at $671,244. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Brett P. Milkie sold 1,500 shares of Buckle stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $21.02, for a total value of $31,530.00. Following the transaction, the senior vice president now owns 32,070 shares in the company, valued at approximately $674,111.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,600 shares of company stock worth $138,925. 41.70% of the stock is currently owned by company insiders.

Buckle (NYSE BKE) opened at $21.70 on Wednesday. Buckle has a 1 year low of $13.50 and a 1 year high of $27.10. The company has a market capitalization of $1,052.60, a P/E ratio of 12.46 and a beta of 1.10.

Buckle (NYSE:BKE) last announced its quarterly earnings data on Friday, November 17th. The company reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.01. Buckle had a return on equity of 19.13% and a net margin of 9.17%. The firm had revenue of $224.30 million for the quarter, compared to the consensus estimate of $224.12 million. During the same quarter last year, the business posted $0.49 earnings per share. The firm’s revenue was down 6.2% compared to the same quarter last year. analysts expect that Buckle will post 1.7 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Arizona State Retirement System raised its position in Buckle by 0.7% in the second quarter. Arizona State Retirement System now owns 14,779 shares of the company’s stock valued at $263,000 after purchasing an additional 100 shares during the period. HighTower Advisors LLC raised its position in Buckle by 0.3% in the second quarter. HighTower Advisors LLC now owns 67,280 shares of the company’s stock valued at $1,197,000 after purchasing an additional 210 shares during the period. Texas Permanent School Fund raised its position in Buckle by 1.3% in the second quarter. Texas Permanent School Fund now owns 20,686 shares of the company’s stock valued at $368,000 after purchasing an additional 268 shares during the period. Municipal Employees Retirement System of Michigan raised its position in Buckle by 4.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,650 shares of the company’s stock valued at $118,000 after purchasing an additional 290 shares during the period. Finally, Thrivent Financial For Lutherans raised its position in Buckle by 6.0% in the second quarter. Thrivent Financial For Lutherans now owns 17,120 shares of the company’s stock valued at $305,000 after purchasing an additional 970 shares during the period. Hedge funds and other institutional investors own 59.76% 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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