Buckle (NYSE:BKE) Downgraded by Wall Street Zen to Hold

Wall Street Zen downgraded shares of Buckle (NYSE:BKE) from a buy rating to a hold rating in a research report report published on Sunday morning.

Several other equities analysts have also issued reports on the stock. UBS Group reiterated a “neutral” rating on shares of Buckle in a report on Monday, November 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of Buckle in a report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, Buckle currently has a consensus rating of “Hold” and a consensus target price of $55.00.

Buckle Stock Up 0.2%

Shares of BKE stock opened at $57.03 on Friday. The business’s fifty day moving average is $55.77 and its 200 day moving average is $53.08. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 13.98 and a beta of 1.14. Buckle has a twelve month low of $33.12 and a twelve month high of $61.69.

Buckle (NYSE:BKE) last announced its earnings results on Friday, November 21st. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.02. The firm had revenue of $320.84 million for the quarter, compared to analysts’ expectations of $317.97 million. Buckle had a net margin of 16.13% and a return on equity of 44.42%. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.88 EPS.

Buckle Dividend Announcement

The business also recently declared a special dividend, which will be paid on Thursday, January 29th. Investors of record on Thursday, January 15th will be issued a dividend of $3.00 per share. The ex-dividend date of this dividend is Thursday, January 15th. This represents a dividend yield of 248.0%. Buckle’s dividend payout ratio (DPR) is currently 34.31%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. increased its stake in Buckle by 1,928.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock valued at $25,000 after buying an additional 617 shares during the period. Hantz Financial Services Inc. boosted its holdings in shares of Buckle by 81.6% in the third quarter. Hantz Financial Services Inc. now owns 463 shares of the company’s stock valued at $27,000 after acquiring an additional 208 shares in the last quarter. Allworth Financial LP increased its stake in shares of Buckle by 1,652.3% during the second quarter. Allworth Financial LP now owns 771 shares of the company’s stock worth $35,000 after acquiring an additional 727 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Buckle by 162.2% during the second quarter. EverSource Wealth Advisors LLC now owns 957 shares of the company’s stock worth $43,000 after purchasing an additional 592 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its position in Buckle by 64.9% in the second quarter. SBI Securities Co. Ltd. now owns 999 shares of the company’s stock valued at $45,000 after purchasing an additional 393 shares during the period. Institutional investors and hedge funds own 53.93% of the company’s stock.

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.