UBS Group Lowers Buckle (NYSE:BKE) Price Target to $41.00

Buckle (NYSE:BKE) had its price target cut by stock analysts at UBS Group from $43.00 to $41.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price target would indicate a potential upside of 10.86% from the company’s previous close.

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

Buckle Trading Up 2.4 %

Shares of NYSE:BKE opened at $36.98 on Tuesday. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 9.39 and a beta of 1.17. Buckle has a 1 year low of $34.67 and a 1 year high of $54.25. The business has a fifty day simple moving average of $43.94 and a 200 day simple moving average of $45.58.

Buckle (NYSE:BKE) last announced its quarterly 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 business had revenue of $379.20 million during the quarter, compared to analyst estimates of $378.97 million. During the same period in the previous year, the company earned $1.59 EPS. The firm’s revenue was down .8% on a year-over-year basis.

Insider Activity

In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of Buckle stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $51.57, for a total transaction of $1,054,761.21. Following the sale, the chief executive officer now directly owns 1,739,734 shares of the company’s stock, valued at approximately $89,718,082.38. The trade was a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have sold 76,929 shares of company stock worth $3,395,733. Corporate insiders own 39.80% of the company’s stock.

Institutional Trading of Buckle

Several institutional investors have recently bought and sold shares of BKE. Novem Group acquired a new stake in shares of Buckle during the 4th quarter worth about $227,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Buckle by 24.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 65,021 shares of the company’s stock worth $3,304,000 after buying an additional 12,722 shares during the last quarter. Squarepoint Ops LLC boosted its holdings in shares of Buckle by 138.8% in the 4th quarter. Squarepoint Ops LLC now owns 124,986 shares of the company’s stock worth $6,351,000 after acquiring an additional 72,652 shares in the last quarter. Tidal Investments LLC bought a new stake in Buckle during the 4th quarter worth approximately $1,512,000. Finally, State of Wyoming acquired a new stake in Buckle during the 4th quarter valued at $111,000. Institutional investors and hedge funds own 53.93% of the company’s stock.

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.