Buckle (BKE) Upgraded by ValuEngine to “Hold”

ValuEngine upgraded shares of Buckle (NYSE:BKE) from a sell rating to a hold rating in a research report released on Tuesday.

Several other equities analysts have also issued reports on BKE. Zacks Investment Research lowered Buckle from a buy rating to a hold rating in a research note on Monday, October 15th. Deutsche Bank upgraded Buckle from a sell rating to a hold rating and set a $19.00 price target on the stock in a research note on Friday, November 2nd. Finally, TheStreet upgraded Buckle from a c rating to a b- rating in a research note on Tuesday, November 27th.

Shares of BKE stock traded down $0.43 on Tuesday, hitting $17.40. The stock had a trading volume of 4,046 shares, compared to its average volume of 468,063. The company has a market capitalization of $874.03 million, a P/E ratio of 9.36 and a beta of 0.44. Buckle has a one year low of $17.03 and a one year high of $29.65.

Buckle (NYSE:BKE) last posted its earnings results on Monday, November 26th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.04). Buckle had a net margin of 10.70% and a return on equity of 24.02%. The company had revenue of $215.10 million during the quarter, compared to analysts’ expectations of $218.37 million. During the same quarter last year, the firm earned $0.41 EPS. Buckle’s revenue for the quarter was down 4.1% on a year-over-year basis. On average, analysts predict that Buckle will post 1.9 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, January 25th. Investors of record on Friday, January 11th were given a $0.25 dividend. The ex-dividend date was Thursday, January 10th. This represents a $1.00 dividend on an annualized basis and a yield of 5.75%. Buckle’s dividend payout ratio is currently 54.05%.

In related news, Director Karen B. Rhoads sold 3,914 shares of the company’s stock in a transaction that occurred on Thursday, December 13th. The stock was sold at an average price of $19.18, for a total value of $75,070.52. Following the sale, the director now owns 1,687 shares in the company, valued at $32,356.66. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Karen B. Rhoads sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, December 20th. The shares were sold at an average price of $18.85, for a total value of $75,400.00. Following the completion of the sale, the director now owns 1,687 shares in the company, valued at approximately $31,799.95. The disclosure for this sale can be found here. 41.80% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Morgan Stanley lifted its holdings in Buckle by 155.5% in the third quarter. Morgan Stanley now owns 396,689 shares of the company’s stock valued at $9,143,000 after acquiring an additional 241,448 shares during the period. Vanguard Group Inc. lifted its holdings in Buckle by 6.5% in the third quarter. Vanguard Group Inc. now owns 3,120,985 shares of the company’s stock valued at $71,939,000 after acquiring an additional 190,258 shares during the period. Vanguard Group Inc lifted its holdings in Buckle by 6.5% in the third quarter. Vanguard Group Inc now owns 3,120,985 shares of the company’s stock valued at $71,939,000 after acquiring an additional 190,258 shares during the period. Advisors Asset Management Inc. lifted its holdings in Buckle by 45.3% in the third quarter. Advisors Asset Management Inc. now owns 574,289 shares of the company’s stock valued at $13,237,000 after acquiring an additional 179,058 shares during the period. Finally, Allianz Asset Management GmbH lifted its holdings in Buckle by 160.4% in the third quarter. Allianz Asset Management GmbH now owns 269,678 shares of the company’s stock valued at $6,216,000 after acquiring an additional 166,097 shares during the period. Hedge funds and other institutional investors own 72.96% of the company’s stock.

About Buckle

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, BKE Boutique, Red by BKE, Daytrip denim, Gimmicks, Gilded Intent, Outpost Makers, Departwest, and Veece.

Read More: Book Value Of Equity Per Share – BVPS Explained

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Buckle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Buckle and related companies with MarketBeat.com's FREE daily email newsletter.