Buckle, Inc. (The) (NYSE:BKE – Get Free Report) EVP Kari Smith sold 1,140 shares of Buckle stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $49.81, for a total transaction of $56,783.40. Following the completion of the transaction, the executive vice president directly owned 125,614 shares of the company’s stock, valued at approximately $6,256,833.34. This trade represents a 0.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Buckle Stock Up 2.2%
Shares of BKE traded up $1.11 during trading hours on Tuesday, hitting $50.43. The company had a trading volume of 649,996 shares, compared to its average volume of 490,492. The business has a fifty day moving average of $52.22 and a 200-day moving average of $55.07. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of 12.18 and a beta of 1.17. Buckle, Inc. has a 12 month low of $33.12 and a 12 month high of $61.69.
Buckle (NYSE:BKE – Get Free Report) last announced its earnings results on Friday, March 13th. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.08. Buckle had a net margin of 16.16% and a return on equity of 45.18%. The company had revenue of $399.14 million during the quarter, compared to analysts’ expectations of $396.45 million. During the same quarter in the previous year, the business posted $1.53 earnings per share. Buckle’s quarterly revenue was up 5.2% on a year-over-year basis.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
A number of research firms have recently commented on BKE. UBS Group lowered their price target on Buckle from $55.00 to $53.00 and set a “neutral” rating for the company in a report on Monday. Wall Street Zen upgraded shares of Buckle from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Buckle in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Buckle currently has a consensus rating of “Hold” and a consensus target price of $53.00.
Buckle Company Profile
Buckle, Inc is a retailer specializing in casual apparel, footwear and accessories for young men and women. The company is known for its denim-focused collections, offering both private-label lines and curated brand-name merchandise. Its product assortment includes jeans, tops, outerwear, shoes and a variety of accessories such as belts, jewelry and handbags, all aimed at blending contemporary style with everyday comfort.
Founded in 1948 in Kearney, Nebraska, Buckle began as a single clothing store and has since expanded into a nationwide chain.
Further Reading
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