UBS Group Cuts Buckle (NYSE:BKE) Price Target to $46.00

Buckle (NYSE:BKE) had its price target cut by UBS Group from $47.00 to $46.00 in a research note published on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

Separately, Weiss Ratings raised Buckle from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, July 28th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Buckle has an average rating of “Hold” and a consensus target price of $46.00.

Buckle Trading Down 1.3%

Shares of BKE stock opened at $44.75 on Tuesday. The company’s fifty day simple moving average is $43.78 and its 200-day simple moving average is $48.59. Buckle has a 52 week low of $40.73 and a 52 week high of $61.69. The company has a market cap of $2.31 billion, a PE ratio of 10.26 and a beta of 1.10.

Buckle (NYSE:BKE) last posted its earnings results on Friday, May 29th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.18. Buckle had a net margin of 16.85% and a return on equity of 47.35%. The business had revenue of $288.74 million for the quarter, compared to analyst estimates of $287.68 million. During the same quarter in the previous year, the business posted $0.70 EPS. The business’s quarterly revenue was up 6.1% on a year-over-year basis.

Buckle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Wednesday, July 15th were paid a dividend of $0.35 per share. The ex-dividend date was Wednesday, July 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.1%. Buckle’s dividend payout ratio (DPR) is currently 32.11%.

Insider Activity at Buckle

In other news, Director Bill L. Fairfield sold 2,500 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $44.44, for a total transaction of $111,100.00. Following the transaction, the director directly owned 52,908 shares of the company’s stock, valued at approximately $2,351,231.52. The trade was a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 38.40% of the company’s stock.

Institutional Investors Weigh In On Buckle

Large investors have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted its holdings in Buckle by 51.6% in the 4th quarter. Hantz Financial Services Inc. now owns 702 shares of the company’s stock worth $38,000 after buying an additional 239 shares in the last quarter. Unison Advisors LLC boosted its position in Buckle by 0.6% in the 1st quarter. Unison Advisors LLC now owns 42,307 shares of the company’s stock valued at $2,131,000 after buying an additional 262 shares during the last quarter. Glenmede Investment Management LP grew its stake in shares of Buckle by 3.8% during the third quarter. Glenmede Investment Management LP now owns 7,477 shares of the company’s stock valued at $439,000 after acquiring an additional 277 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Buckle by 1.4% during the second quarter. Thrivent Financial for Lutherans now owns 22,342 shares of the company’s stock valued at $1,013,000 after acquiring an additional 314 shares in the last quarter. Finally, Vident Advisory LLC increased its position in shares of Buckle by 2.1% during the fourth quarter. Vident Advisory LLC now owns 14,982 shares of the company’s stock worth $800,000 after acquiring an additional 315 shares during the last quarter. 53.93% of the stock is owned by institutional investors and hedge funds.

About Buckle

Buckle, Inc is a retailer specializing in casual apparel, footwear and accessories for young men and women. The company is known for its denim-focused collections, offering both private-label lines and curated brand-name merchandise. Its product assortment includes jeans, tops, outerwear, shoes and a variety of accessories such as belts, jewelry and handbags, all aimed at blending contemporary style with everyday comfort.

Founded in 1948 in Kearney, Nebraska, Buckle began as a single clothing store and has since expanded into a nationwide chain.