StockNews.com Downgrades Buckle (NYSE:BKE) to Hold

Buckle (NYSE:BKEGet Rating) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Friday.

Buckle Price Performance

Shares of NYSE BKE opened at $41.05 on Friday. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 8.08 and a beta of 1.06. Buckle has a 12 month low of $26.50 and a 12 month high of $57.10. The firm’s 50 day simple moving average is $35.84 and its 200-day simple moving average is $32.63.

Buckle (NYSE:BKEGet Rating) last issued its quarterly earnings data on Friday, August 19th. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.08. The business had revenue of $301.98 million for the quarter, compared to analysts’ expectations of $299.70 million. Buckle had a net margin of 19.18% and a return on equity of 63.63%. Analysts anticipate that Buckle will post 5.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Marshall Financial Group LLC lifted its holdings in Buckle by 1.8% in the 1st quarter. Marshall Financial Group LLC now owns 20,262 shares of the company’s stock valued at $669,000 after purchasing an additional 364 shares in the last quarter. Citigroup Inc. lifted its holdings in Buckle by 1.4% in the 1st quarter. Citigroup Inc. now owns 29,258 shares of the company’s stock valued at $966,000 after purchasing an additional 402 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in Buckle by 8.2% in the 1st quarter. Teacher Retirement System of Texas now owns 6,161 shares of the company’s stock valued at $204,000 after purchasing an additional 467 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Buckle by 3.9% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 12,570 shares of the company’s stock valued at $398,000 after purchasing an additional 477 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in Buckle by 1.9% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 26,383 shares of the company’s stock valued at $835,000 after purchasing an additional 491 shares in the last quarter. Hedge funds and other institutional investors own 53.62% of the company’s stock.

About Buckle

(Get Rating)

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.

Further Reading

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