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

Buckle (NYSE:BKE) had its target price cut by UBS Group from $43.00 to $41.00 in a report issued on Tuesday morning, Marketbeat reports. They currently have a neutral rating on the stock.

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

Buckle Stock Performance

Shares of BKE opened at $38.35 on Tuesday. Buckle has a 52-week low of $34.67 and a 52-week high of $54.25. The business’s 50 day moving average price is $43.21 and its two-hundred day moving average price is $45.45. The firm has a market cap of $1.95 billion, a PE ratio of 9.73 and a beta of 1.17.

Buckle (NYSE:BKE) last issued its earnings results on Friday, March 14th. The company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.09. Buckle had a return on equity of 44.11% and a net margin of 16.21%. The company had revenue of $379.20 million for the quarter, compared to analyst estimates of $378.97 million. During the same period in the prior year, the firm earned $1.59 earnings per share. Buckle’s revenue for the quarter was down .8% on a year-over-year basis.

Insider Transactions at Buckle

In other Buckle news, CEO Dennis H. Nelson sold 15,340 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $36.32, for a total transaction of $557,148.80. Following the transaction, the chief executive officer now directly owns 1,647,695 shares in the company, valued at approximately $59,844,282.40. This trade represents a 0.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 92,269 shares of company stock valued at $3,952,882 over the last ninety days. 39.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Buckle

Several large investors have recently bought and sold shares of the stock. First Trust Advisors LP lifted its stake in Buckle by 9.0% during the 4th quarter. First Trust Advisors LP now owns 1,663,407 shares of the company’s stock valued at $84,518,000 after acquiring an additional 137,972 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Buckle by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,357,095 shares of the company’s stock valued at $68,957,000 after acquiring an additional 10,178 shares in the last quarter. State Street Corp lifted its stake in Buckle by 5.7% during the 3rd quarter. State Street Corp now owns 1,338,395 shares of the company’s stock valued at $58,849,000 after acquiring an additional 72,532 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Buckle by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,286,212 shares of the company’s stock valued at $65,352,000 after acquiring an additional 69,258 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in Buckle by 12.0% during the 4th quarter. American Century Companies Inc. now owns 937,525 shares of the company’s stock valued at $47,636,000 after acquiring an additional 100,173 shares in the last quarter. 53.93% of the stock is currently owned by institutional investors.

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.