Buckle (NYSE:BKE) Raised to Buy at Wall Street Zen
by Jessica Moore · The Cerbat GemBuckle (NYSE:BKE – Get Free Report) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.
Several other research analysts have also recently weighed in on the company. UBS Group reaffirmed a “neutral” rating on shares of Buckle in a research note on Friday, January 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Buckle in a report on Wednesday, January 21st. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Buckle presently has an average rating of “Hold” and an average price target of $55.00.
Check Out Our Latest Research Report on Buckle
Buckle Price Performance
NYSE BKE opened at $52.15 on Friday. Buckle has a 12 month low of $33.12 and a 12 month high of $61.69. The firm has a market capitalization of $2.67 billion, a PE ratio of 12.78 and a beta of 1.19. The company’s 50 day simple moving average is $53.92 and its 200 day simple moving average is $55.24.
Buckle (NYSE:BKE – Get Free Report) last released its earnings results on Friday, November 21st. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.02. Buckle had a return on equity of 44.42% and a net margin of 16.13%.The firm had revenue of $320.84 million during the quarter, compared to the consensus estimate of $317.97 million. During the same period in the prior year, the firm posted $0.88 earnings per share. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year.
Institutional Investors Weigh In On Buckle
Institutional investors and hedge funds have recently modified their holdings of the business. Hantz Financial Services Inc. increased its position in Buckle by 81.6% during the third quarter. Hantz Financial Services Inc. now owns 463 shares of the company’s stock worth $27,000 after buying an additional 208 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Buckle by 1,928.1% in the first quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock worth $25,000 after buying an additional 617 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Buckle by 1,652.3% during the 2nd quarter. Allworth Financial LP now owns 771 shares of the company’s stock worth $35,000 after acquiring an additional 727 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Buckle by 162.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 957 shares of the company’s stock valued at $43,000 after acquiring an additional 592 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its stake in shares of Buckle by 64.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 999 shares of the company’s stock valued at $45,000 after acquiring an additional 393 shares in the last quarter. Institutional investors and hedge funds own 53.93% of the company’s stock.
Buckle Company Profile
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.