Zacks Investment Research downgraded shares of Buckle (NYSE:BKE) from a hold rating to a sell rating in a report released on Monday morning.
According to Zacks, “The Buckle, Inc. is a leading retailer of medium to better-priced casual apparel, footwear, and accessories for fashion-conscious young men and women. Buckle markets a wide selection of brand names and private label casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear. The Company emphasizes personalized attention to its guests (customers) and provides individual customer services such as free alterations, layaways, and a frequent shopper program. “
Separately, ValuEngine upgraded shares of Buckle from a buy rating to a strong-buy rating in a report on Friday, February 23rd.
In related news, VP Diane L. Applegate sold 1,200 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $20.84, for a total transaction of $25,008.00. Following the completion of the sale, the vice president now directly owns 20,500 shares in the company, valued at $427,220. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 41.70% of the company’s stock.
A number of large investors have recently modified their holdings of BKE. Brandywine Global Investment Management LLC bought a new stake in Buckle during the fourth quarter worth approximately $3,551,000. Schwab Charles Investment Management Inc. boosted its holdings in Buckle by 39.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 463,644 shares of the company’s stock worth $7,813,000 after buying an additional 131,594 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in Buckle during the fourth quarter worth approximately $2,439,000. Amundi Pioneer Asset Management Inc. bought a new stake in Buckle during the fourth quarter worth approximately $1,616,000. Finally, Groesbeck Investment Management Corp NJ bought a new stake in Buckle during the fourth quarter worth approximately $1,544,000. Hedge funds and other institutional investors own 64.93% of the company’s stock.
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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.
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