Buckle (NYSE:BKE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Thursday.

According to Zacks, “The Buckle, Inc. is a leading retailer of medium to better-priced casual apparel, footwear, and accessories for fashion-conscious young men and women. Buckle markets a wide selection of brand names and private label casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear. The Company emphasizes personalized attention to its guests (customers) and provides individual customer services such as free alterations, layaways, and a frequent shopper program. “

Several other brokerages also recently commented on BKE. ValuEngine downgraded shares of Buckle from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. Deutsche Bank raised shares of Buckle from a “sell” rating to a “hold” rating and set a $19.00 price objective for the company in a report on Friday, November 2nd.

Shares of BKE stock opened at $21.74 on Thursday. The stock has a market cap of $1.10 billion, a P/E ratio of 11.75 and a beta of 0.79. Buckle has a 52 week low of $17.80 and a 52 week high of $29.65.

Buckle (NYSE:BKE) last announced its earnings results on Friday, August 24th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. The business had revenue of $201.10 million during the quarter, compared to the consensus estimate of $201.82 million. Buckle had a net margin of 10.53% and a return on equity of 23.39%. Buckle’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.24 EPS. On average, analysts forecast that Buckle will post 1.89 earnings per share for the current fiscal year.

In other Buckle news, Director Michael E. Huss sold 1,688 shares of the business’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $22.63, for a total value of $38,199.44. Following the completion of the sale, the director now owns 17,062 shares of the company’s stock, valued at approximately $386,113.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Diane L. Applegate sold 4,000 shares of the business’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $22.50, for a total transaction of $90,000.00. Following the completion of the sale, the vice president now directly owns 27,500 shares of the company’s stock, valued at approximately $618,750. The disclosure for this sale can be found here. Insiders sold a total of 6,308 shares of company stock valued at $141,102 in the last three months. Insiders own 41.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of BKE. Itau Unibanco Holding S.A. bought a new stake in Buckle in the 2nd quarter valued at about $143,000. Contravisory Investment Management Inc. acquired a new position in shares of Buckle in the 2nd quarter valued at approximately $173,000. Piedmont Investment Advisors LLC acquired a new position in shares of Buckle in the 2nd quarter valued at approximately $179,000. Zacks Investment Management acquired a new position in shares of Buckle in the 2nd quarter valued at approximately $206,000. Finally, Sei Investments Co. raised its position in shares of Buckle by 46.7% in the 2nd quarter. Sei Investments Co. now owns 8,130 shares of the company’s stock valued at $218,000 after buying an additional 2,587 shares in the last quarter. 70.33% 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, BKE Boutique, Red by BKE, Daytrip denim, Gimmicks, Gilded Intent, Outpost Makers, Departwest, and Veece.

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