Analysts Set Buckle Inc. (NYSE:BKE) Price Target at $29.80
Buckle Inc. (NYSE:BKE) has been given a consensus rating of “Hold” by the nine brokerages that are currently covering the stock. Three equities research analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $29.80.
A number of equities analysts have recently weighed in on BKE shares. Wedbush reiterated a “neutral” rating and set a $21.00 target price (down previously from $22.00) on shares of Buckle in a research note on Sunday, September 4th. Deutsche Bank AG reiterated a “sell” rating and set a $22.00 target price on shares of Buckle in a research note on Tuesday, July 5th. KeyCorp reiterated an “equal weight” rating on shares of Buckle in a research note on Sunday, June 26th. Finally, Zacks Investment Research lowered Buckle from a “hold” rating to a “sell” rating in a research note on Wednesday, August 3rd.
In other news, VP Kyle Hanson sold 5,400 shares of Buckle stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $26.13, for a total value of $141,102.00. Following the transaction, the vice president now owns 25,400 shares in the company, valued at approximately $663,702. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Kelli D. Molczyk sold 4,000 shares of Buckle stock in a transaction on Wednesday, July 13th. The shares were sold at an average price of $26.71, for a total value of $106,840.00. Following the completion of the transaction, the vice president now owns 21,163 shares in the company, valued at approximately $565,263.73. The disclosure for this sale can be found here. Company insiders own 41.80% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Buckle by 3.3% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,118 shares of the company’s stock valued at $106,000 after buying an additional 100 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of Buckle by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 4,069 shares of the company’s stock valued at $106,000 after buying an additional 500 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Buckle by 21.8% in the second quarter. Public Employees Retirement System of Ohio now owns 4,929 shares of the company’s stock valued at $128,000 after buying an additional 883 shares during the last quarter. BlackRock Inc. raised its position in shares of Buckle by 129.0% in the first quarter. BlackRock Inc. now owns 4,186 shares of the company’s stock valued at $142,000 after buying an additional 2,358 shares during the last quarter. Finally, Mason Street Advisors LLC acquired a new position in shares of Buckle during the second quarter valued at about $142,000. Institutional investors own 65.35% of the company’s stock.
Buckle (NYSE:BKE) opened at 23.33 on Friday. Buckle has a 1-year low of $22.00 and a 1-year high of $38.28. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 8.71 and a beta of 1.20. The firm has a 50-day moving average price of $25.24 and a 200-day moving average price of $26.75.
Buckle (NYSE:BKE) last released its quarterly earnings data on Friday, August 19th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.04. Buckle had a net margin of 12.06% and a return on equity of 30.53%. The business earned $212.20 million during the quarter. During the same period last year, the firm posted $0.49 earnings per share. The firm’s revenue was down 10.1% on a year-over-year basis. On average, analysts expect that Buckle will post $2.38 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 27th. Shareholders of record on Friday, October 14th will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, October 12th. This represents a $1.00 dividend on an annualized basis and a yield of 4.29%. Buckle’s dividend payout ratio (DPR) is presently 37.45%.
The Buckle, Inc is a retailer of casual apparel, footwear and accessories for young men and women. The Company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear. The Company provides customer services, such as free hemming, free gift-wrapping, easy layaways, the Buckle private label credit card, and a frequent shopper program.
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