The Buckle Inc (BKE) Stock Rating Lowered by Zacks Investment Research

The Buckle Inc (BKE) Stock Rating Lowered by Zacks Investment Research

According to Zacks, “Buckle, Inc. is a retailer of medium to better-priced casual apparel for young men and women. The company markets a wide selection of mostly brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear. They emphasize personalized attention to their customers and provides individual customer services such as free alterations, free gift-wrapping, easy layaways and a frequent shopper program. Most stores are located in regional, high-traffic shopping malls, and this is their strategy for future expansion. “

Buckle Inc (NYSE:BKE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

Other analysts also recently issued reports about the stock. ValuEngine upgraded shares of Buckle from a “hold” rating to a “buy” rating in a research report on Saturday, May 20th. Deutsche Bank AG upgraded shares of Buckle from a “sell” rating to a “hold” rating and lifted their price objective for the company from $15.00 to $16.00 in a research report on Friday, April 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Buckle presently has an average rating of “Hold” and an average price target of $19.00. Buckle (BKE) opened at 17.10 on Thursday. Buckle has a 1-year low of $16.00 and a 1-year high of $28.67. The firm has a 50-day moving average of $18.26 and a 200-day moving average of $20.50. The firm has a market capitalization of $824.51 million, a price-to-earnings ratio of 9.05 and a beta of 1.08.

Buckle (NYSE:BKE) last posted its quarterly earnings results on Thursday, May 18th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.02. Buckle had a net margin of 11.32% and a return on equity of 27.17%. The company had revenue of $212.20 million for the quarter, compared to the consensus estimate of $216.42 million. During the same period last year, the firm posted $0.48 EPS. The company’s revenue for the quarter was down 12.9% on a year-over-year basis. On average, analysts expect that Buckle will post $1.73 earnings per share for the current year. The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 26th. Investors of record on Friday, July 14th will be given a $0.25 dividend. The ex-dividend date is Wednesday, July 12th. This represents a $1.00 annualized dividend and a yield of 5.85%. Buckle’s dividend payout ratio is presently 41.49%.

A number of hedge funds have recently modified their holdings of BKE. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Buckle by 15.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,466 shares of the company’s stock valued at $102,000 after buying an additional 737 shares in the last quarter. Mason Street Advisors LLC increased its stake in shares of Buckle by 8.2% in the first quarter. Mason Street Advisors LLC now owns 6,594 shares of the company’s stock valued at $123,000 after buying an additional 497 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Buckle by 17.8% in the first quarter. Public Employees Retirement System of Ohio now owns 6,988 shares of the company’s stock valued at $130,000 after buying an additional 1,056 shares in the last quarter. Oxford Asset Management purchased a new stake in shares of Buckle during the first quarter valued at $187,000. Finally, Boston Partners purchased a new stake in shares of Buckle during the first quarter valued at $190,000. Hedge funds and other institutional investors own 60.79% of the company’s stock. About Buckle

The Buckle, Inc is a retailer of casual apparel, footwear and accessories for young men and women. As of January 28, 2017, the Company operated 467 retail stores in 44 states throughout the United States under the names Buckle and The Buckle. The Company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “BKE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Related posts

Leave a Comment