Wall Street Zen Downgrades Buckle (NYSE:BKE) to Hold

by · The Markets Daily

Buckle (NYSE:BKE – Get Free Report) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Sunday.

Several other equities analysts have also issued reports on the stock. UBS Group restated a “neutral” rating on shares of Buckle in a report on Monday, November 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Buckle in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $55.00.

View Our Latest Report on Buckle

Buckle Trading Up 0.1%

NYSE BKE opened at $57.11 on Friday. The firm has a market capitalization of $2.92 billion, a PE ratio of 14.00 and a beta of 1.14. The business’s 50-day moving average price is $55.74 and its two-hundred day moving average price is $53.18. Buckle has a 12 month low of $33.12 and a 12 month high of $61.69.

Buckle (NYSE:BKE – Get Free Report) last posted its quarterly earnings data on Friday, November 21st. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.02. The company had revenue of $320.84 million for the quarter, compared to analyst estimates of $317.97 million. Buckle had a return on equity of 44.42% and a net margin of 16.13%.The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.88 earnings per share.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. grew 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 valued at $25,000 after purchasing an additional 617 shares in the last quarter. Hantz Financial Services Inc. increased its stake in shares of Buckle by 81.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 463 shares of the company’s stock worth $27,000 after acquiring an additional 208 shares during the last quarter. Allworth Financial LP raised its holdings 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 during the period. EverSource Wealth Advisors LLC raised 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 worth $43,000 after acquiring an additional 592 shares during the period. Finally, SBI Securities Co. Ltd. boosted its position in shares of Buckle by 64.9% during 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 during the last quarter. 53.93% of the stock is owned by hedge funds and other institutional investors.

About Buckle

(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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