Stocks of The Buckle Inc. (NYSE:BKE) traded higher last session on Wall Street, down -4.03% to $45.19.
According to the data, The Buckle Inc. (NYSE:BKE) has 1 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $60.00 and a low of $60.00, we find $60.00. Given the previous closing price of $47.09, this indicates a potential upside of 27.42 percent. BKE stock price is now 10.15% away from the 50-day moving average and 36.98% away from the 200-day moving average. The market capitalization of the company currently stands at $2.22B.
A total of 1 analysts have issued a hold rating and 0 have given it a buy rating. Brokers who have rated the stock have averaged $60.00 as their price target over the next twelve months.
With the price target of $60, Sidoti recently initiated with Buy rating for The Buckle Inc. (NYSE: BKE). On March 08, 2019, Deutsche Bank Downgraded its previous ‘Hold’ rating to ‘Sell’ on the stock reducing its target price from $19 to quote $16, while the Deutsche Bank previously rated the stock as ‘Hold’ on November 02, 2018.
In other news, SMITH KARI G, EVP STORES sold 25,000 shares of the company’s stock on Jan 10. The stock was sold for $1,202,408 at an average price of $48.10. Upon completion of the transaction, the EVP STORES now directly owns 133,654 shares in the company, valued at $6.04 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 16, Director FAIRFIELD BILL L bought 200 shares of the business’s stock. A total of $5,776 was incurred on buying the stock at an average price of $28.88. This leaves the insider owning 46,508 shares of the company worth $2.1 million. Insiders disposed of 54,830 shares of company stock worth roughly $2.48 million over the past 1 year. A total of 39.81% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BKE stock. A new stake in The Buckle Inc. shares was purchased by POINT72 ASSET MANAGEMENT, L.P. during the first quarter worth $11,600,000. EXODUSPOINT CAPITAL MANAGEMENT, LP invested $5,517,000 in shares of BKE during the first quarter. In the first quarter, TEACHER RETIREMENT SYSTEM OF TEXAS acquired a new stake in The Buckle Inc. valued at approximately $4,300,000. MARSHALL WACE, LLP acquired a new stake in BKE for approximately $2,801,000. TD ASSET MANAGEMENT INC purchased a new stake in BKE valued at around $2,296,000 in the second quarter. In total, there are 327 active investors with 54.20% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $46.85 for The Buckle Inc. (NYSE: BKE). During the past 12 months, The Buckle Inc. has had a low of $25.09 and a high of $47.67. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.10, and a quick ratio of 1.50. The fifty day moving average price for BKE is $43.45 and a two-hundred day moving average price translates $34.90 for the stock.
The latest earnings results from The Buckle Inc. (NYSE: BKE) was released for Jul, 2022. According to the Apparel Retail Company, earnings per share came in at $1.01, beating analysts’ expectations of $0.89 by 0.12. This compares to $1.26 EPS in the same period last year. The net profit margin was 18.90% and return on equity was 67.30% for BKE. The company reported revenue of $332.34 million for the quarter, compared to $319.43 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.04 percent. For the current quarter, analysts expect BKE to generate $332.5M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/27/2023. Investors who held shares on 01/13/2023 were paid a $2.65 dividend. On an annualized basis, this represents a $1.40 dividend and a 3.10% percent yield. There was an ex-dividend date of 01/12/2023 for this dividend. In terms of dividend payout ratio, BKE is presently at 27.10%.
The Buckle Inc.(BKE) 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, Reclaim, BKE Vintage, Nova Industries, J.B. Holt, and Veece. The company also provides services, such as hemming, gift-packaging, layaways, guest loyalty program, the Buckle private label credit card, and personalized stylist services, as well as special order system that allows stores to obtain requested merchandise from other company stores or its online order fulfillment center. As of March 11, 2022, it operated 440 retail stores in 42 states under the Buckle and The Buckle names. The Buckle, Inc. also sells its products through its website, buckle.com. The company was formerly known as Mills Clothing, Inc. and changed its name to The Buckle, Inc. in April 1991. The Buckle, Inc. was incorporated in 1948 and is headquartered in Kearney, Nebraska.