Buckle (NYSE:BKE) Upgraded at UBS Group

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

Separately, StockNews.com upgraded Buckle from a “hold” rating to a “buy” rating in a research note on Friday, November 8th.

Buckle Trading Up 2.5 %

Buckle stock opened at $48.79 on Tuesday. Buckle has a twelve month low of $34.31 and a twelve month high of $49.65. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 11.90 and a beta of 1.14. The stock has a 50 day moving average of $43.36 and a two-hundred day moving average of $40.39.

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

Insiders Place Their Bets

In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $42.90, for a total value of $877,433.70. Following the transaction, the chief executive officer now owns 1,822,546 shares of the company’s stock, valued at approximately $78,187,223.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $42.90, for a total transaction of $877,433.70. Following the sale, the chief executive officer now directly owns 1,822,546 shares of the company’s stock, valued at $78,187,223.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Brett P. Milkie sold 16,000 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $41.35, for a total transaction of $661,600.00. Following the sale, the senior vice president now directly owns 80,170 shares in the company, valued at approximately $3,315,029.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders 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.

Hedge Funds Weigh In On Buckle

Several institutional investors have recently bought and sold shares of BKE. Landscape Capital Management L.L.C. bought a new position in Buckle during the third quarter valued at about $4,753,000. Pacer Advisors Inc. grew its position in shares of Buckle by 4.5% in the second quarter. Pacer Advisors Inc. now owns 2,100,398 shares of the company’s stock valued at $77,589,000 after purchasing an additional 90,190 shares during the last quarter. American Century Companies Inc. grew its position in shares of Buckle by 14.0% in the second quarter. American Century Companies Inc. now owns 716,090 shares of the company’s stock valued at $26,452,000 after purchasing an additional 87,690 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Buckle in the first quarter valued at about $3,073,000. Finally, Impala Asset Management LLC grew its position in shares of Buckle by 27.4% in the second quarter. Impala Asset Management LLC now owns 254,727 shares of the company’s stock valued at $9,410,000 after purchasing an additional 54,727 shares during 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.