Buckle (NYSE:BKE) Stock Price Up 5.5%

Buckle Inc (NYSE:BKE) rose 5.5% during trading on Thursday . The company traded as high as $13.29 and last traded at $13.22, approximately 1,114,200 shares changed hands during trading. An increase of 74% from the average daily volume of 641,892 shares. The stock had previously closed at $12.53.

BKE has been the topic of a number of research analyst reports. Zacks Investment Research lowered Buckle from a “buy” rating to a “sell” rating in a research report on Wednesday, March 18th. TheStreet lowered Buckle from a “b” rating to a “c+” rating in a research report on Friday, March 27th. Finally, ValuEngine lowered Buckle from a “sell” rating to a “strong sell” rating in a research report on Saturday, February 1st.

The stock has a 50-day moving average of $20.20 and a 200-day moving average of $22.99. The firm has a market cap of $674.87 million, a price-to-earnings ratio of 6.18 and a beta of 1.28. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.49 and a current ratio of 2.19.

Buckle (NYSE:BKE) last announced its earnings results on Friday, March 13th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.09. The business had revenue of $271.00 million for the quarter, compared to analyst estimates of $270.27 million. Buckle had a return on equity of 25.98% and a net margin of 11.60%. Buckle’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 EPS. Sell-side analysts predict that Buckle Inc will post 1.83 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. Voloridge Investment Management LLC bought a new position in Buckle in the third quarter valued at approximately $347,000. Janney Montgomery Scott LLC bought a new position in Buckle in the fourth quarter valued at approximately $943,000. Aigen Investment Management LP bought a new position in Buckle in the fourth quarter valued at approximately $930,000. Oxford Asset Management LLP bought a new position in Buckle in the fourth quarter valued at approximately $379,000. Finally, Royce & Associates LP grew its stake in Buckle by 2.2% in the fourth quarter. Royce & Associates LP now owns 198,819 shares of the company’s stock valued at $5,376,000 after purchasing an additional 4,202 shares in the last quarter. Hedge funds and other institutional investors own 68.94% of the company’s stock.

About Buckle (NYSE:BKE)

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, FITZ + EDDI, Outpost Makers, Departwest, and Veece.

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