Buckle (NYSE:BKE) Stock Rating Upgraded by StockNews.com

Buckle (NYSE:BKE - Get Free Report) was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Monday.

Separately, UBS Group downgraded shares of Buckle from a "neutral" rating to a "sell" rating and cut their price objective for the stock from $37.00 to $34.00 in a research report on Friday, January 5th.

Buckle Stock Performance

NYSE BKE traded down $0.30 on Monday, reaching $36.53. 327,164 shares of the stock traded hands, compared to its average volume of 467,502. Buckle has a 12 month low of $30.18 and a 12 month high of $48.15. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 8.28 and a beta of 1.23. The company has a fifty day moving average price of $39.04 and a 200-day moving average price of $38.67.

Buckle (NYSE:BKE - Get Free Report) last released its quarterly earnings data on Friday, March 15th. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.44 by $0.15. The firm had revenue of $382.40 million for the quarter, compared to the consensus estimate of $383.63 million. Buckle had a net margin of 17.44% and a return on equity of 50.88%. The company's quarterly revenue was down 4.8% on a year-over-year basis. During the same period last year, the firm earned $1.76 earnings per share.

Hedge Funds Weigh In On Buckle

Hedge funds and other institutional investors have recently modified their holdings of the stock. TFO Wealth Partners LLC grew its holdings in shares of Buckle by 60,000.0% during the fourth quarter. TFO Wealth Partners LLC now owns 601 shares of the company's stock valued at $29,000 after buying an additional 600 shares during the last quarter. Covestor Ltd boosted its holdings in Buckle by 2,840.6% in the first quarter. Covestor Ltd now owns 941 shares of the company's stock valued at $31,000 after purchasing an additional 909 shares during the last quarter. Gladius Capital Management LP grew its position in Buckle by 408.3% during the 3rd quarter. Gladius Capital Management LP now owns 981 shares of the company's stock worth $33,000 after purchasing an additional 788 shares during the period. Planned Solutions Inc. acquired a new position in shares of Buckle in the 4th quarter valued at about $44,000. Finally, Quadrant Capital Group LLC boosted its stake in shares of Buckle by 527.4% in the fourth quarter. Quadrant Capital Group LLC now owns 985 shares of the company's stock worth $47,000 after buying an additional 828 shares during the last quarter. 53.93% of the stock is owned by hedge funds and other 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, Reclaim, BKE Vintage, Nova Industries, J.B.

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