Buckle (NYSE:BKE) Stock Rating Upgraded by StockNews.com

Buckle (NYSE:BKE) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

Separately, UBS Group downgraded shares of Buckle from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $37.00 to $34.00 in a report on Friday, January 5th.

Buckle Stock Performance

Shares of BKE opened at $36.11 on Monday. Buckle has a 1 year low of $30.18 and a 1 year high of $48.15. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 8.19 and a beta of 1.23. The firm has a fifty day moving average of $39.00 and a 200-day moving average of $38.68.

Buckle (NYSE:BKE) last announced its quarterly earnings results on Friday, March 15th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.15. Buckle had a net margin of 17.44% and a return on equity of 50.88%. The company had revenue of $382.40 million during the quarter, compared to the consensus estimate of $383.63 million. During the same quarter in the previous year, the company posted $1.76 earnings per share. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year.

Institutional Investors Weigh In On Buckle

Institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its position in Buckle by 167.6% in the first quarter. Renaissance Technologies LLC now owns 1,047,168 shares of the company’s stock worth $34,598,000 after acquiring an additional 655,866 shares in the last quarter. Vanguard Group Inc. raised its position in Buckle by 10.9% in the first quarter. Vanguard Group Inc. now owns 3,888,951 shares of the company’s stock worth $128,491,000 after acquiring an additional 381,525 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Buckle by 97.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 693,633 shares of the company’s stock worth $22,918,000 after acquiring an additional 342,352 shares in the last quarter. First Trust Advisors LP raised its holdings in Buckle by 283.2% during the 1st quarter. First Trust Advisors LP now owns 435,720 shares of the company’s stock worth $14,396,000 after buying an additional 322,018 shares during the period. Finally, Pacer Advisors Inc. lifted its stake in Buckle by 33.5% during the fourth quarter. Pacer Advisors Inc. now owns 1,148,796 shares of the company’s stock valued at $54,591,000 after buying an additional 288,056 shares in the last quarter. 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, Reclaim, BKE Vintage, Nova Industries, J.B.