Buckle (NYSE:BKE) Upgraded to Buy at StockNews.com

Buckle (NYSE:BKE) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Monday.

Separately, UBS Group upgraded shares of Buckle from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $31.00 to $46.00 in a report on Tuesday, November 12th.

Buckle Price Performance

BKE traded down $0.13 during mid-day trading on Monday, hitting $47.79. The stock had a trading volume of 372,376 shares, compared to its average volume of 402,246. Buckle has a 1-year low of $34.87 and a 1-year high of $49.78. The stock’s fifty day simple moving average is $43.75 and its 200-day simple moving average is $40.63. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 11.66 and a beta of 1.14.

Buckle (NYSE:BKE) last issued its quarterly earnings data on Friday, August 23rd. The company reported $0.78 EPS for the quarter. Buckle had a net margin of 16.69% and a return on equity of 46.17%. The business had revenue of $282.39 million for the quarter.

Insider Activity at Buckle

In other news, CEO Dennis H. Nelson sold 20,453 shares of Buckle stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $44.35, for a total value of $907,090.55. Following the completion of the transaction, the chief executive officer now owns 1,883,905 shares of the company’s stock, valued at $83,551,186.75. This trade represents a 1.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Brett P. Milkie sold 16,000 shares of Buckle stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $41.35, for a total transaction of $661,600.00. Following the completion of the transaction, the senior vice president now directly owns 80,170 shares of the company’s stock, valued at approximately $3,315,029.50. This trade represents a 16.64 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 142,931 shares of company stock valued at $6,080,458. Corporate insiders own 39.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in shares of Buckle by 52.0% during the 3rd quarter. Blue Trust Inc. now owns 789 shares of the company’s stock worth $35,000 after buying an additional 270 shares during the period. Quarry LP boosted its holdings in shares of Buckle by 60.9% during the 3rd quarter. Quarry LP now owns 938 shares of the company’s stock worth $41,000 after buying an additional 355 shares during the period. EntryPoint Capital LLC bought a new stake in shares of Buckle during the 1st quarter worth about $70,000. CWM LLC boosted its holdings in shares of Buckle by 119.9% during the 2nd quarter. CWM LLC now owns 2,010 shares of the company’s stock worth $74,000 after buying an additional 1,096 shares during the period. Finally, Quest Partners LLC bought a new stake in shares of Buckle during the 3rd quarter worth about $86,000. Institutional investors own 53.93% 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, Salvage, Red by BKE, Daytrip, Gimmicks, Gilded Intent, FITZ + EDDI, Willow & Root, Outpost Makers, Departwest, Sterling & Stitch, Reclaim, BKE Vintage, Nova Industries, J.B.