Buckle (NYSE:BKE) Upgraded at UBS Group

UBS Group upgraded shares of Buckle (NYSE:BKE) from a sell rating to a neutral rating in a research report report published on Tuesday, Marketbeat.com reports. UBS Group currently has $46.00 price objective on the stock, up from their prior price objective of $31.00.

Separately, StockNews.com raised Buckle from a “hold” rating to a “buy” rating in a research note on Friday, November 8th.

Buckle Trading Up 0.4 %

Buckle stock traded up $0.21 on Tuesday, hitting $48.95. 10,110 shares of the stock traded hands, compared to its average volume of 401,174. Buckle has a 1 year low of $34.63 and a 1 year high of $49.78. The business’s fifty day simple moving average is $43.49 and its 200 day simple moving average is $40.45. The firm has a market cap of $2.49 billion, a P/E ratio of 11.90 and a beta of 1.14.

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

Buckle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were given a $0.35 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.40 dividend on an annualized basis and a yield of 2.86%. Buckle’s dividend payout ratio (DPR) is 34.15%.

Insider Activity

In other news, CEO Dennis H. Nelson sold 24,666 shares of Buckle stock in a transaction that occurred on Tuesday, August 27th. The shares were 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 approximately $81,688,978.84. The trade was a 1.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Brett P. Milkie sold 16,000 shares of the business’s 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 completion of the sale, the senior vice president now directly owns 80,170 shares in the company, valued at approximately $3,315,029.50. This represents a 16.64 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 142,931 shares of company stock worth $6,080,458. 39.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BKE. Blue Trust Inc. increased its holdings in Buckle by 52.0% in the 3rd quarter. Blue Trust Inc. now owns 789 shares of the company’s stock worth $35,000 after acquiring an additional 270 shares in the last quarter. EntryPoint Capital LLC acquired a new position in Buckle during the 1st quarter worth approximately $70,000. CWM LLC increased its holdings in Buckle by 119.9% during the 2nd quarter. CWM LLC now owns 2,010 shares of the company’s stock worth $74,000 after purchasing an additional 1,096 shares during the last quarter. Quest Partners LLC bought a new position in Buckle during the 3rd quarter worth $86,000. Finally, Signaturefd LLC lifted its holdings in shares of Buckle by 38.7% in the third quarter. Signaturefd LLC now owns 2,236 shares of the company’s stock valued at $98,000 after buying an additional 624 shares during the period. 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.