Buckle (NYSE:BKE - Get Free Report) was upgraded by investment analysts at UBS Group from a "sell" rating to a "neutral" rating in a research note issued on Tuesday, MarketBeat reports. The brokerage currently has a $46.00 target price on the stock, up from their previous target price of $31.00. UBS Group's target price indicates a potential downside of 3.42% from the stock's current price.
Separately, StockNews.com raised shares of Buckle from a "hold" rating to a "buy" rating in a report on Friday.
Get Our Latest Stock Analysis on Buckle
Buckle Stock Performance
Shares of BKE stock traded up $2.49 on Tuesday, reaching $47.63. The stock had a trading volume of 297,361 shares, compared to its average volume of 401,274. The stock has a market cap of $2.42 billion, a P/E ratio of 11.64 and a beta of 1.14. The company has a 50 day simple moving average of $43.09 and a 200 day simple moving average of $40.26. Buckle has a 1 year low of $33.05 and a 1 year high of $48.15.
Buckle (NYSE:BKE - Get Free Report) last released its earnings results on Friday, August 23rd. The company reported $0.78 earnings per share (EPS) for the quarter. Buckle had a return on equity of 46.17% and a net margin of 16.69%. The firm had revenue of $282.39 million for the quarter.
Insider Buying and Selling at Buckle
In related news, CEO Dennis H. Nelson sold 20,453 shares of the business's stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $44.35, for a total transaction of $907,090.55. Following the transaction, the chief executive officer now directly owns 1,883,905 shares of the company's stock, valued at approximately $83,551,186.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, SVP Brett P. Milkie sold 16,000 shares of the firm's stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $41.35, for a total value of $661,600.00. Following the transaction, the senior vice president now owns 80,170 shares of the company's stock, valued at approximately $3,315,029.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Dennis H. Nelson sold 20,453 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $44.35, for a total transaction of $907,090.55. Following the completion of the sale, the chief executive officer now owns 1,883,905 shares in the company, valued at $83,551,186.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 142,931 shares of company stock valued at $6,080,458 in the last ninety days. Company insiders own 39.80% of the company's stock.
Institutional Trading of Buckle
Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Buckle by 0.6% in the first quarter. Vanguard Group Inc. now owns 4,311,848 shares of the company's stock valued at $173,638,000 after purchasing an additional 24,051 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Buckle by 4.5% in the second quarter. Pacer Advisors Inc. now owns 2,100,398 shares of the company's stock valued at $77,589,000 after purchasing an additional 90,190 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Buckle by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,341,866 shares of the company's stock valued at $49,566,000 after purchasing an additional 29,349 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Buckle by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,216,954 shares of the company's stock valued at $53,509,000 after purchasing an additional 48,436 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Buckle by 2.2% in the second quarter. Victory Capital Management Inc. now owns 736,132 shares of the company's stock valued at $27,193,000 after purchasing an additional 16,077 shares during the last quarter. Institutional investors own 53.93% of the company's stock.
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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