Buckle (BKE) Rating Increased to Strong-Buy at ValuEngine

Buckle (NYSE:BKE) was upgraded by investment analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a report issued on Thursday.

A number of other brokerages have also recently commented on BKE. TheStreet upgraded shares of Buckle from a “c” rating to a “b-” rating in a research note on Friday, March 16th. Zacks Investment Research upgraded shares of Buckle from a “sell” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Wednesday, March 21st. Two equities research analysts have rated the stock with a sell rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $18.00.

Shares of Buckle opened at $25.60 on Thursday, according to MarketBeat Ratings. Buckle has a 12 month low of $13.50 and a 12 month high of $26.21. The firm has a market cap of $1.26 billion, a P/E ratio of 13.84 and a beta of 0.77.

Buckle (NYSE:BKE) last announced its quarterly earnings results on Friday, March 16th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.13. The firm had revenue of $281.20 million during the quarter, compared to analysts’ expectations of $280.04 million. Buckle had a net margin of 9.82% and a return on equity of 20.98%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the company posted $0.74 earnings per share. analysts forecast that Buckle will post 1.82 EPS for the current fiscal year.

In other news, Director Robert Erle Campbell sold 2,000 shares of the firm’s stock in a transaction dated Friday, April 13th. The shares were sold at an average price of $22.70, for a total transaction of $45,400.00. Following the completion of the sale, the director now owns 32,214 shares in the company, valued at approximately $731,257.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Kyle Hanson sold 2,553 shares of the firm’s stock in a transaction dated Wednesday, March 21st. The stock was sold at an average price of $20.75, for a total transaction of $52,974.75. Following the sale, the vice president now owns 36,900 shares of the company’s stock, valued at approximately $765,675. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,753 shares of company stock valued at $125,615. Corporate insiders own 41.80% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Buckle by 1.0% during the 1st quarter. BlackRock Inc. now owns 3,640,037 shares of the company’s stock worth $80,628,000 after buying an additional 36,599 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Buckle by 7.4% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 741,402 shares of the company’s stock worth $16,423,000 after buying an additional 50,836 shares during the last quarter. Palisade Capital Management LLC NJ lifted its stake in shares of Buckle by 24.9% during the 1st quarter. Palisade Capital Management LLC NJ now owns 581,852 shares of the company’s stock worth $12,888,000 after buying an additional 115,855 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Buckle by 6.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 518,761 shares of the company’s stock worth $11,491,000 after buying an additional 32,855 shares during the last quarter. Finally, Contrarius Investment Management Ltd lifted its stake in shares of Buckle by 35.2% during the 1st quarter. Contrarius Investment Management Ltd now owns 332,893 shares of the company’s stock worth $7,374,000 after buying an additional 86,715 shares during the last quarter. Institutional investors own 65.96% of the company’s stock.

Buckle Company Profile

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.

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

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