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

StockNews.com upgraded shares of Buckle (NYSE:BKE) from a hold rating to a buy rating in a report issued on Monday.

Separately, UBS Group decreased their price objective on Buckle from $34.00 to $32.00 and set a sell rating for the company in a research note on Wednesday, May 15th.

Buckle Price Performance

NYSE:BKE opened at $36.71 on Monday. The business has a fifty day moving average price of $37.29 and a 200-day moving average price of $39.23. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 8.66 and a beta of 1.18. Buckle has a one year low of $30.31 and a one year high of $48.15.

Buckle (NYSE:BKE) last issued its earnings results on Friday, May 24th. The company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.05). The business had revenue of $262.50 million for the quarter, compared to the consensus estimate of $262.50 million. Buckle had a return on equity of 48.21% and a net margin of 17.07%. The firm’s revenue was down 7.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.86 earnings per share.

Buckle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 12th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend is Friday, July 12th. Buckle’s payout ratio is currently 33.02%.

Institutional Investors Weigh In On Buckle

Several hedge funds have recently modified their holdings of BKE. TFO Wealth Partners LLC raised its position in shares of Buckle by 60,000.0% in the 4th quarter. TFO Wealth Partners LLC now owns 601 shares of the company’s stock worth $29,000 after buying an additional 600 shares during the period. Gladius Capital Management LP grew its stake in Buckle by 408.3% during the third quarter. Gladius Capital Management LP now owns 981 shares of the company’s stock worth $33,000 after buying an additional 788 shares during the period. Planned Solutions Inc. purchased a new position in shares of Buckle in the 4th quarter valued at $44,000. Quadrant Capital Group LLC lifted its holdings in shares of Buckle by 527.4% during the 4th quarter. Quadrant Capital Group LLC now owns 985 shares of the company’s stock valued at $47,000 after acquiring an additional 828 shares in the last quarter. Finally, CWM LLC boosted its position in Buckle by 321.2% during the 4th quarter. CWM LLC now owns 1,112 shares of the company’s stock worth $53,000 after purchasing an additional 848 shares during the period. 53.93% of the stock is owned by institutional investors and hedge funds.

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.