Buckle (NYSE:BKE) Receives Hold (C+) Rating from Weiss Ratings

Key Points

• Buckle's stock (NYSE:BKE) received a "hold (C+)" rating from Weiss Ratings, indicating cautious sentiment from analysts.
• Analysts' consensus rating is also a "Hold" with an average price target of $54.00, as Buckle's stock showed a slight increase to $57.20 recently.
• CEO James E. Shada recently sold 20,000 shares of Buckle stock, decreasing his overall position by 26.54%, highlighting potential insider selling trends.

Buckle (NYSE:BKE - Get Free Report)'s stock had its "hold (c+)" rating reissued by analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other equities research analysts have also recently issued reports on BKE. UBS Group raised their target price on Buckle from $51.00 to $54.00 and gave the company a "neutral" rating in a research note on Monday, August 25th. Wall Street Zen upgraded Buckle from a "hold" rating to a "buy" rating in a research note on Saturday, September 6th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $54.00.

Buckle Stock Performance

Shares of BKE stock traded up $0.36 during mid-day trading on Wednesday, reaching $57.20. 350,156 shares of the company were exchanged, compared to its average volume of 537,460. The company has a market capitalization of $2.93 billion, a P/E ratio of 14.30 and a beta of 1.06. The business's 50 day simple moving average is $57.03 and its 200 day simple moving average is $46.81. Buckle has a fifty-two week low of $33.12 and a fifty-two week high of $61.69.

Buckle (NYSE:BKE - Get Free Report) last released its quarterly earnings data on Friday, August 22nd. The company reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.06. The firm had revenue of $305.74 million during the quarter, compared to the consensus estimate of $292.61 million. Buckle had a net margin of 16.12% and a return on equity of 43.97%. The firm's revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.78 earnings per share.

Insider Buying and Selling

In other news, Director James E. Shada sold 20,000 shares of the business's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $59.49, for a total transaction of $1,189,800.00. Following the completion of the transaction, the director directly owned 55,352 shares in the company, valued at approximately $3,292,890.48. The trade was a 26.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John P. Peetz sold 1,500 shares of the firm's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $55.74, for a total value of $83,610.00. Following the sale, the director directly owned 23,623 shares in the company, valued at approximately $1,316,746.02. This represents a 5.97% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 57,500 shares of company stock worth $3,320,030. Corporate insiders own 39.00% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BKE. Geneos Wealth Management Inc. raised its holdings 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 acquiring an additional 617 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Buckle by 1,652.3% during the 2nd quarter. Allworth Financial LP now owns 771 shares of the company's stock worth $35,000 after buying an additional 727 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Buckle by 162.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 957 shares of the company's stock worth $43,000 after buying an additional 592 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of Buckle by 64.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 999 shares of the company's stock worth $45,000 after buying an additional 393 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in shares of Buckle by 12.5% during the 2nd quarter. IFP Advisors Inc now owns 2,431 shares of the company's stock worth $110,000 after buying an additional 270 shares in the last quarter. 53.93% of the stock is currently owned by institutional investors.

Buckle Company Profile

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.

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