StockNews.com Upgrades Buckle (NYSE:BKE) to Buy

Buckle (NYSE:BKE) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Separately, UBS Group decreased their price objective on Buckle from $32.00 to $31.00 and set a “sell” rating on the stock in a research note on Monday, August 26th.

Buckle Stock Performance

BKE opened at $45.28 on Friday. Buckle has a one year low of $32.16 and a one year high of $48.15. The company has a market cap of $2.30 billion, a P/E ratio of 11.04 and a beta of 1.14. The business’s 50-day simple moving average is $43.02 and its 200-day simple moving average is $40.18.

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

Insider Activity at Buckle

In other news, CEO Dennis H. Nelson sold 24,666 shares of Buckle stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $42.44, for a total value of $1,046,825.04. Following the completion of the transaction, the chief executive officer now owns 1,924,811 shares in the company, valued at approximately $81,688,978.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Buckle news, SVP Brett P. Milkie sold 16,000 shares of Buckle stock in a transaction on Friday, September 6th. The stock was sold at an average price of $41.35, for a total transaction of $661,600.00. Following the sale, the senior vice president now owns 80,170 shares of the company’s stock, valued at $3,315,029.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Dennis H. Nelson sold 24,666 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $42.44, for a total value of $1,046,825.04. Following the completion of the sale, the chief executive officer now directly owns 1,924,811 shares in the company, valued at $81,688,978.84. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 142,931 shares of company stock worth $6,080,458. 39.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BKE. Vanguard Group Inc. grew its holdings in Buckle by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 4,311,848 shares of the company’s stock valued at $173,638,000 after buying an additional 24,051 shares during the last quarter. Pacer Advisors Inc. increased its position in Buckle by 4.5% during the second quarter. Pacer Advisors Inc. now owns 2,100,398 shares of the company’s stock worth $77,589,000 after acquiring an additional 90,190 shares during the period. Dimensional Fund Advisors LP raised its stake in Buckle by 2.2% during the 2nd 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. Victory Capital Management Inc. lifted its stake 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 buying an additional 16,077 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of Buckle by 14.0% in the second quarter. American Century Companies Inc. now owns 716,090 shares of the company’s stock valued at $26,452,000 after purchasing an additional 87,690 shares in the last quarter. Hedge funds and other 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.