UBS Group Upgrades Buckle (NYSE:BKE) to Neutral

Buckle (NYSE:BKE) was upgraded by stock analysts at UBS Group from a “sell” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The firm currently has a $46.00 price objective on the stock, up from their previous price objective of $31.00. UBS Group’s price target indicates a potential downside of 5.72% from the company’s previous close.

Separately, StockNews.com raised shares of Buckle from a “hold” rating to a “buy” rating in a research report on Friday, November 8th.

Buckle Stock Performance

Shares of BKE stock opened at $48.79 on Tuesday. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 11.90 and a beta of 1.14. Buckle has a one year low of $34.31 and a one year high of $49.65. The company’s 50-day simple moving average is $43.36 and its 200-day simple moving average is $40.39.

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

Insider Activity at Buckle

In related news, CEO Dennis H. Nelson sold 24,666 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $42.44, for a total value of $1,046,825.04. Following the completion of the transaction, the chief executive officer now owns 1,924,811 shares of the company’s stock, valued at approximately $81,688,978.84. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Dennis H. Nelson sold 20,453 shares of Buckle stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $41.78, for a total transaction of $854,526.34. Following the sale, the chief executive officer now directly owns 1,904,358 shares in the company, valued at $79,564,077.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Dennis H. Nelson sold 24,666 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $42.44, for a total transaction 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. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 142,931 shares of company stock worth $6,080,458 over the last ninety days. Company insiders own 39.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Buckle by 35.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,908 shares of the company’s stock valued at $885,000 after acquiring an additional 6,245 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Buckle by 410.9% in the first quarter. SG Americas Securities LLC now owns 12,200 shares of the company’s stock valued at $491,000 after buying an additional 9,812 shares in the last quarter. Illinois Municipal Retirement Fund increased its position in shares of Buckle by 11.9% in the first quarter. Illinois Municipal Retirement Fund now owns 18,225 shares of the company’s stock valued at $734,000 after buying an additional 1,933 shares in the last quarter. Sei Investments Co. purchased a new stake in shares of Buckle during the first quarter worth approximately $856,000. Finally, Vanguard Group Inc. increased its position in shares of Buckle by 0.6% during the first quarter. Vanguard Group Inc. now owns 4,311,848 shares of the company’s stock worth $173,638,000 after purchasing an additional 24,051 shares in the last quarter. 53.93% of the stock is currently owned by institutional investors.

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.