Buckle (NYSE:BKE) Raised 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 Monday.

Separately, UBS Group upgraded shares of Buckle from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $31.00 to $46.00 in a research note on Tuesday, November 12th.

Buckle Trading Down 1.1 %

Shares of BKE stock opened at $47.25 on Monday. Buckle has a 12-month low of $34.87 and a 12-month high of $49.78. The business’s fifty day simple moving average is $43.85 and its 200-day simple moving average is $40.70. The company has a market cap of $2.40 billion, a PE ratio of 11.52 and a beta of 1.14.

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

Insider Activity at Buckle

In related news, SVP Brett P. Milkie sold 16,000 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $41.35, for a total value of $661,600.00. Following the completion of the transaction, the senior vice president now owns 80,170 shares of the company’s stock, valued at approximately $3,315,029.50. This represents a 16.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Dennis H. Nelson sold 24,666 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 1,924,811 shares in the company, valued at $81,688,978.84. This represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 142,931 shares of company stock worth $6,080,458. 39.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Blue Trust Inc. grew its stake in Buckle by 52.0% in the 3rd quarter. Blue Trust Inc. now owns 789 shares of the company’s stock valued at $35,000 after acquiring an additional 270 shares during the period. Unison Advisors LLC lifted its holdings in Buckle by 0.9% during the third quarter. Unison Advisors LLC now owns 37,859 shares of the company’s stock valued at $1,665,000 after purchasing an additional 334 shares in the last quarter. Quarry LP grew its position in shares of Buckle by 60.9% in the third quarter. Quarry LP now owns 938 shares of the company’s stock valued at $41,000 after purchasing an additional 355 shares during the period. Redhawk Wealth Advisors Inc. increased its stake in shares of Buckle by 2.7% during the second quarter. Redhawk Wealth Advisors Inc. now owns 13,927 shares of the company’s stock worth $514,000 after purchasing an additional 370 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its position in shares of Buckle by 0.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 59,961 shares of the company’s stock worth $2,636,000 after purchasing an additional 396 shares during the last quarter. 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.