Buckle (NYSE:BKE) Stock Rating Upgraded by UBS Group

Buckle (NYSE:BKE) was upgraded by stock analysts at UBS Group from a “sell” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday,Finviz reports. The firm presently has a $46.00 price target on the stock, up from their prior price target of $31.00. UBS Group’s price objective points to a potential upside of 1.96% from the company’s previous close.

Separately, StockNews.com raised Buckle from a “hold” rating to a “buy” rating in a research note on Friday.

Buckle Stock Down 0.4 %

NYSE BKE opened at $45.12 on Tuesday. The firm’s 50-day simple moving average is $43.09 and its two-hundred day simple moving average is $40.26. Buckle has a 52 week low of $33.05 and a 52 week high of $48.15. The company has a market cap of $2.29 billion, a PE ratio of 11.00 and a beta of 1.14.

Buckle (NYSE:BKE) last announced its quarterly earnings results 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 firm had revenue of $282.39 million during the quarter.

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 Monday, November 4th. The shares were sold at an average price of $42.90, for a total value of $877,433.70. Following the completion of the transaction, the chief executive officer now directly owns 1,822,546 shares in the company, valued at approximately $78,187,223.40. 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 can be accessed through the SEC website. In other news, CEO Dennis H. Nelson sold 20,453 shares of Buckle stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $42.90, for a total transaction of $877,433.70. Following the completion of the transaction, the chief executive officer now directly owns 1,822,546 shares of the company’s stock, valued at $78,187,223.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Brett P. Milkie sold 16,000 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $41.35, for a total value of $661,600.00. Following the completion of the transaction, the senior vice president now owns 80,170 shares in the company, valued at approximately $3,315,029.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 142,931 shares of company stock worth $6,080,458 over the last quarter. Company insiders own 39.80% of the company’s stock.

Institutional Trading of Buckle

Several institutional investors have recently modified their holdings of BKE. Blue Trust Inc. raised its holdings in shares of Buckle by 52.0% in the third quarter. Blue Trust Inc. now owns 789 shares of the company’s stock worth $35,000 after acquiring an additional 270 shares during the last quarter. Unison Advisors LLC lifted its holdings in Buckle by 0.9% in the third quarter. Unison Advisors LLC now owns 37,859 shares of the company’s stock worth $1,665,000 after acquiring an additional 334 shares during the last quarter. Redhawk Wealth Advisors Inc. increased its holdings in shares of Buckle by 2.7% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 13,927 shares of the company’s stock worth $514,000 after acquiring an additional 370 shares during the period. Exchange Traded Concepts LLC grew its stake in shares of Buckle by 0.7% in the third quarter. Exchange Traded Concepts LLC now owns 59,961 shares of the company’s stock worth $2,636,000 after purchasing an additional 396 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its position in shares of Buckle by 2.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 14,900 shares of the company’s stock valued at $550,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors 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.