Buckle (NYSE:BKE) Price Target Cut to $41.00 by Analysts at UBS Group

Buckle (NYSE:BKE) had its target price decreased by UBS Group from $43.00 to $41.00 in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. UBS Group currently has a neutral rating on the stock.

Separately, StockNews.com lowered Buckle from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th.

Buckle Price Performance

Shares of Buckle stock opened at $38.35 on Tuesday. Buckle has a 1 year low of $34.67 and a 1 year high of $54.25. The firm has a market cap of $1.95 billion, a PE ratio of 9.73 and a beta of 1.17. The stock has a fifty day moving average price of $43.21 and a 200-day moving average price of $45.45.

Buckle (NYSE:BKE) last announced its earnings results on Friday, March 14th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.09. Buckle had a return on equity of 44.11% and a net margin of 16.21%. The firm had revenue of $379.20 million during the quarter, compared to analyst estimates of $378.97 million. During the same period last year, the firm posted $1.59 EPS. The business’s revenue was down .8% compared to the same quarter last year.

Insiders Place Their Bets

In other Buckle news, CEO Dennis H. Nelson sold 15,340 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $36.32, for a total value of $557,148.80. Following the completion of the transaction, the chief executive officer now owns 1,647,695 shares in the company, valued at $59,844,282.40. This trade represents a 0.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 92,269 shares of company stock worth $3,952,882 in the last quarter. 39.80% of the stock is owned by company insiders.

Institutional Trading of Buckle

Large investors have recently modified their holdings of the business. Impala Asset Management LLC boosted its position in shares of Buckle by 43.3% during the 3rd quarter. Impala Asset Management LLC now owns 365,000 shares of the company’s stock valued at $16,049,000 after acquiring an additional 110,273 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Buckle by 4.8% during the 3rd quarter. Geode Capital Management LLC now owns 799,078 shares of the company’s stock valued at $35,142,000 after acquiring an additional 36,472 shares during the last quarter. Maverick Capital Ltd. bought a new stake in shares of Buckle during the 3rd quarter valued at about $1,629,000. JPMorgan Chase & Co. boosted its position in shares of Buckle by 3.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 155,833 shares of the company’s stock valued at $6,852,000 after acquiring an additional 5,185 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Buckle by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,286,212 shares of the company’s stock valued at $65,352,000 after acquiring an additional 69,258 shares during the last quarter. Institutional investors own 53.93% of the company’s stock.

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.