Key Points
- Kari Smith, Buckle's EVP, sold 48,860 shares on March 17 at an average price of $50.39 for about $2.46 million, reducing her stake by 38.9% to 76,754 shares (≈$3.87 million).
- Buckle beat expectations for the quarter with EPS of $1.59 vs. $1.51 consensus and revenue of $399.14M (up 5.2% YoY), while trading at a market cap of $2.58B and a P/E of 12.18.
- Large institutional buying recently included Amundi, Goldman Sachs, Morgan Stanley, Two Sigma and JPMorgan, yet analyst coverage stays cautious with an average rating of "Hold" and a consensus target of $53.00.
Buckle, Inc. (The) (NYSE:BKE - Get Free Report) EVP Kari Smith sold 48,860 shares of the company's stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $50.39, for a total transaction of $2,462,055.40. Following the completion of the transaction, the executive vice president owned 76,754 shares in the company, valued at approximately $3,867,634.06. The trade was a 38.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Buckle Price Performance
Shares of BKE opened at $50.43 on Wednesday. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of 12.18 and a beta of 1.17. Buckle, Inc. has a 1-year low of $33.12 and a 1-year high of $61.69. The company has a 50-day moving average of $52.11 and a 200 day moving average of $55.02.
Buckle (NYSE:BKE - Get Free Report) last issued its earnings results on Friday, March 13th. The company reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.51 by $0.08. Buckle had a net margin of 16.16% and a return on equity of 45.18%. The business had revenue of $399.14 million for the quarter, compared to analyst estimates of $396.45 million. During the same period last year, the company posted $1.53 earnings per share. The company's quarterly revenue was up 5.2% compared to the same quarter last year.
Hedge Funds Weigh In On Buckle
A number of large investors have recently added to or reduced their stakes in the company. Amundi boosted its holdings in shares of Buckle by 676.9% in the 4th quarter. Amundi now owns 421,200 shares of the company's stock valued at $22,501,000 after buying an additional 366,986 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Buckle by 44.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,043,548 shares of the company's stock valued at $55,746,000 after acquiring an additional 323,361 shares during the last quarter. Morgan Stanley boosted its stake in Buckle by 26.8% in the fourth quarter. Morgan Stanley now owns 1,244,389 shares of the company's stock valued at $66,475,000 after acquiring an additional 263,338 shares in the last quarter. Two Sigma Investments LP grew its holdings in Buckle by 3,695.1% in the third quarter. Two Sigma Investments LP now owns 242,510 shares of the company's stock worth $14,226,000 after purchasing an additional 236,120 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Buckle by 376.3% during the third quarter. JPMorgan Chase & Co. now owns 288,920 shares of the company's stock worth $16,948,000 after purchasing an additional 228,260 shares in the last quarter. 53.93% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on BKE shares. UBS Group dropped their price target on Buckle from $55.00 to $53.00 and set a "neutral" rating on the stock in a research report on Monday. Wall Street Zen upgraded shares of Buckle from a "hold" rating to a "buy" rating in a report on Saturday, February 7th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Buckle in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Buckle currently has an average rating of "Hold" and a consensus target price of $53.00.
Check Out Our Latest Report on Buckle
About Buckle
(
Get Free Report)
Buckle, Inc is a retailer specializing in casual apparel, footwear and accessories for young men and women. The company is known for its denim-focused collections, offering both private-label lines and curated brand-name merchandise. Its product assortment includes jeans, tops, outerwear, shoes and a variety of accessories such as belts, jewelry and handbags, all aimed at blending contemporary style with everyday comfort.
Founded in 1948 in Kearney, Nebraska, Buckle began as a single clothing store and has since expanded into a nationwide chain.
Further Reading
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