UBS Group Lowers Buckle (NYSE:BKE) Price Target to $41.00

Buckle (NYSE:BKE - Free Report) had its price objective decreased by UBS Group from $43.00 to $41.00 in a research report report published on Tuesday, MarketBeat Ratings reports. UBS Group currently has a neutral rating on the stock.

Separately, StockNews.com cut Buckle from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th.

Buckle Price Performance

BKE traded up $0.70 during trading on Tuesday, reaching $39.04. 3,704,145 shares of the stock traded hands, compared to its average volume of 404,518. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 9.91 and a beta of 1.17. Buckle has a fifty-two week low of $34.67 and a fifty-two week high of $54.25. The stock's 50-day simple moving average is $42.99 and its two-hundred day simple moving average is $45.46.

Buckle (NYSE:BKE - Get Free Report) last released its quarterly earnings data on Friday, March 14th. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.44 by $0.09. The firm had revenue of $379.20 million during the quarter, compared to analysts' expectations of $378.97 million. Buckle had a return on equity of 44.11% and a net margin of 16.21%. The business's revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the firm earned $1.59 earnings per share.

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Insiders Place Their Bets

In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of the business's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $43.42, for a total value of $888,069.26. Following the completion of the sale, the chief executive officer now owns 1,698,828 shares of the company's stock, valued at $73,763,111.76. The trade was a 1.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 92,269 shares of company stock valued at $3,952,882 over the last quarter. Insiders own 39.80% of the company's stock.

Institutional Trading of Buckle

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. First Trust Advisors LP lifted its position in shares of Buckle by 9.0% in the fourth quarter. First Trust Advisors LP now owns 1,663,407 shares of the company's stock worth $84,518,000 after buying an additional 137,972 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Buckle by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,357,095 shares of the company's stock worth $68,957,000 after buying an additional 10,178 shares during the last quarter. State Street Corp increased its stake in shares of Buckle by 5.7% in the third quarter. State Street Corp now owns 1,338,395 shares of the company's stock worth $58,849,000 after purchasing an additional 72,532 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Buckle by 5.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,286,212 shares of the company's stock worth $65,352,000 after purchasing an additional 69,258 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Buckle by 12.0% in the fourth quarter. American Century Companies Inc. now owns 937,525 shares of the company's stock worth $47,636,000 after purchasing an additional 100,173 shares during the period. Institutional investors and hedge funds own 53.93% 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, Salvage, Red by BKE, Daytrip, Gimmicks, Gilded Intent, FITZ + EDDI, Willow & Root, Outpost Makers, Departwest, Sterling & Stitch, Reclaim, BKE Vintage, Nova Industries, J.B.