UBS Group Boosts Buckle (NYSE:BKE) Price Target to $55.00

by · The Cerbat Gem

Buckle (NYSE:BKE – Get Free Report) had its price objective upped by investment analysts at UBS Group from $54.00 to $55.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s target price indicates a potential downside of 5.78% from the stock’s current price.

BKE has been the topic of several other research reports. Wall Street Zen upgraded shares of Buckle from a “hold” rating to a “buy” rating in a research note on Saturday, September 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Buckle in a report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $55.00.

View Our Latest Research Report on BKE

Buckle Stock Performance

NYSE:BKE traded up $1.06 during trading hours on Monday, hitting $58.38. 200,280 shares of the company’s stock traded hands, compared to its average volume of 533,409. The stock’s fifty day moving average price is $57.29 and its two-hundred day moving average price is $49.93. The firm has a market cap of $2.99 billion, a P/E ratio of 14.59 and a beta of 1.12. Buckle has a twelve month low of $33.12 and a twelve month high of $61.69.

Buckle (NYSE:BKE – Get Free Report) last released its earnings results on Friday, August 22nd. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.06. The company had revenue of $305.74 million for the quarter, compared to analysts’ expectations of $292.61 million. Buckle had a return on equity of 43.97% and a net margin of 16.12%.The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.78 EPS.

Insiders Place Their Bets

In other news, EVP Kari G. Smith sold 20,000 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $59.36, for a total value of $1,187,200.00. Following the completion of the sale, the executive vice president directly owned 150,354 shares of the company’s stock, valued at approximately $8,925,013.44. This represents a 11.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John P. Peetz sold 1,500 shares of the business’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $55.74, for a total transaction of $83,610.00. Following the transaction, the director directly owned 23,623 shares in the company, valued at $1,316,746.02. This trade represents a 5.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 47,500 shares of company stock worth $2,821,630. Corporate insiders own 39.00% of the company’s stock.

Institutional Trading of Buckle

Several hedge funds and other institutional investors have recently bought and sold shares of BKE. Hantz Financial Services Inc. increased its holdings in shares of Buckle by 81.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 463 shares of the company’s stock worth $27,000 after purchasing an additional 208 shares during the period. Geneos Wealth Management Inc. grew its position in Buckle by 1,928.1% during 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 in the last quarter. Allworth Financial LP increased its stake in Buckle by 1,652.3% during the second quarter. Allworth Financial LP now owns 771 shares of the company’s stock valued at $35,000 after acquiring an additional 727 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Buckle by 162.2% in 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 in the last quarter. Finally, SBI Securities Co. Ltd. lifted its position in shares of Buckle by 64.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 999 shares of the company’s stock worth $45,000 after acquiring an additional 393 shares during the period. 53.93% of the stock is currently owned by institutional investors and hedge funds.

Buckle Company Profile

(Get Free Report)

The Buckle, Inc operates as a retailer of casual apparel, footwear, and accessories for young men and women in the United States. It markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear, as well as private label merchandise primarily comprising BKE, Buckle Black, Salvage, Red by BKE, Daytrip, Gimmicks, Gilded Intent, FITZ + EDDI, Willow & Root, Outpost Makers, Departwest, Sterling & Stitch, Reclaim, BKE Vintage, Nova Industries, J.B.

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