Buckle (NYSE:BKE) Rating Increased to Buy at StockNews.com

Buckle (NYSE:BKE) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

Separately, UBS Group dropped their price objective on Buckle from $32.00 to $31.00 and set a “sell” rating for the company in a research note on Monday, August 26th.

Buckle Price Performance

Shares of BKE stock traded down $0.40 during trading on Friday, hitting $45.28. 453,128 shares of the stock traded hands, compared to its average volume of 402,238. The firm has a market capitalization of $2.30 billion, a P/E ratio of 11.04 and a beta of 1.14. Buckle has a 52-week low of $32.16 and a 52-week high of $48.15. The firm’s fifty day moving average price is $42.96 and its 200-day moving average price is $40.10.

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

Insider Buying and Selling

In other Buckle news, CEO Dennis H. Nelson sold 24,666 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now owns 1,924,811 shares in the company, valued at $81,688,978.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Dennis H. Nelson sold 24,666 shares of Buckle stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $42.44, for a total value of $1,046,825.04. Following the completion of the transaction, the chief executive officer now owns 1,924,811 shares in the company, valued at approximately $81,688,978.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Dennis H. Nelson sold 20,453 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $41.78, for a total transaction of $854,526.34. Following the sale, the chief executive officer now owns 1,904,358 shares in the company, valued at $79,564,077.24. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 142,931 shares of company stock valued at $6,080,458 in the last ninety days. Company insiders own 39.80% of the company’s stock.

Institutional Investors Weigh In On Buckle

Several institutional investors have recently modified their holdings of BKE. Pacer Advisors Inc. raised its stake in Buckle by 4.5% in the second quarter. Pacer Advisors Inc. now owns 2,100,398 shares of the company’s stock valued at $77,589,000 after buying an additional 90,190 shares in the last quarter. American Century Companies Inc. lifted its stake in Buckle by 14.0% during the second quarter. American Century Companies Inc. now owns 716,090 shares of the company’s stock worth $26,452,000 after purchasing an additional 87,690 shares during the last quarter. Edgestream Partners L.P. acquired a new position in Buckle in the first quarter valued at approximately $3,073,000. Impala Asset Management LLC increased its stake in Buckle by 27.4% in the second quarter. Impala Asset Management LLC now owns 254,727 shares of the company’s stock valued at $9,410,000 after purchasing an additional 54,727 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Buckle by 67.9% during the first quarter. BNP Paribas Financial Markets now owns 110,875 shares of the company’s stock worth $4,465,000 after purchasing an additional 44,850 shares in the last quarter. 53.93% of the stock is owned by hedge funds and other institutional investors.

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.