Buckle (NYSE:BKE) Stock Rating Lowered by StockNews.com

Buckle (NYSE:BKE) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

Separately, UBS Group upgraded 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 Trading Down 0.4 %

NYSE BKE opened at $51.53 on Thursday. The stock has a market cap of $2.62 billion, a PE ratio of 13.08 and a beta of 1.14. Buckle has a 12 month low of $34.87 and a 12 month high of $54.25. The company’s 50-day moving average price is $48.55 and its 200-day moving average price is $43.36.

Buckle (NYSE:BKE) last issued its earnings results on Friday, November 22nd. The company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.01). The company had revenue of $293.60 million during the quarter, compared to the consensus estimate of $293.60 million. Buckle had a return on equity of 44.11% and a net margin of 16.21%. Buckle’s revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.04 earnings per share.

Insider Buying and Selling at Buckle

In related news, EVP Kari G. Smith sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $52.29, for a total transaction of $1,045,800.00. Following the sale, the executive vice president now owns 150,554 shares of the company’s stock, valued at $7,872,468.66. This trade represents a 11.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Dennis H. Nelson sold 20,453 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $53.18, for a total transaction of $1,087,690.54. Following the completion of the transaction, the chief executive officer now owns 1,781,640 shares of the company’s stock, valued at $94,747,615.20. This represents a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 134,265 shares of company stock valued at $6,414,313. Company insiders own 39.80% of the company’s stock.

Institutional Trading of Buckle

Institutional investors have recently modified their holdings of the company. Blue Trust Inc. lifted its position in Buckle by 52.0% during the third quarter. Blue Trust Inc. now owns 789 shares of the company’s stock valued at $35,000 after acquiring an additional 270 shares during the last quarter. Quarry LP lifted its holdings in shares of Buckle by 60.9% during the 3rd quarter. Quarry LP now owns 938 shares of the company’s stock valued at $41,000 after purchasing an additional 355 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Buckle in the 3rd quarter worth $86,000. Signaturefd LLC grew its stake in Buckle by 38.7% during the 3rd quarter. Signaturefd LLC now owns 2,236 shares of the company’s stock worth $98,000 after buying an additional 624 shares during the last quarter. Finally, CWM LLC grew its stake in Buckle by 85.3% during the 3rd quarter. CWM LLC now owns 3,725 shares of the company’s stock worth $164,000 after buying an additional 1,715 shares during the last quarter. 53.93% of the stock is currently owned by institutional investors.

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.