Buckle’s (BKE) Sell Rating Reaffirmed at Deutsche Bank AG
A number of other equities analysts have also weighed in on the company. Wedbush restated a neutral rating and issued a $21.00 target price (down from $22.00) on shares of Buckle in a research note on Sunday, September 4th. Zacks Investment Research lowered Buckle from a hold rating to a sell rating in a research note on Wednesday, August 3rd. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The company has a consensus rating of Hold and an average target price of $21.33.
Buckle (NYSE:BKE) opened at 25.45 on Tuesday. The firm’s 50-day moving average price is $22.24 and its 200-day moving average price is $24.53. The firm has a market cap of $1.22 billion, a P/E ratio of 10.56 and a beta of 1.05. Buckle has a 52-week low of $19.95 and a 52-week high of $35.02.
Buckle (NYSE:BKE) last released its quarterly earnings data on Friday, November 18th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by $0.03. Buckle had a net margin of 11.32% and a return on equity of 27.17%. The company had revenue of $239.20 million for the quarter. During the same quarter last year, the firm posted $0.75 EPS. The business’s revenue for the quarter was down 14.6% compared to the same quarter last year. Equities research analysts expect that Buckle will post $2.17 EPS for the current year.
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A number of large investors have recently modified their holdings of BKE. Teacher Retirement System of Texas boosted its stake 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 in the last quarter. Public Employees Retirement System of Ohio boosted its stake 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 in the last quarter. Mason Street Advisors LLC bought a new stake in shares of Buckle during the second quarter valued at $142,000. Municipal Employees Retirement System of Michigan boosted its stake in shares of Buckle by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,210 shares of the company’s stock valued at $149,000 after buying an additional 100 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Buckle by 4.3% in the third quarter. BlackRock Inc. now owns 7,978 shares of the company’s stock valued at $192,000 after buying an additional 330 shares in the last quarter. Institutional investors own 62.96% of the company’s stock.
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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