Buckle (BKE) Receives a Hold from UBS
In a report released today, Mauricio Serna from UBS reiterated a Hold rating on Buckle, with a price target of $54.00. The company’s shares opened today at $54.21.
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Serna covers the Consumer Cyclical sector, focusing on stocks such as Buckle, Wolverine World Wide, and Aritzia. According to TipRanks, Serna has an average return of 7.5% and a 50.63% success rate on recommended stocks.
Buckle has an analyst consensus of Moderate Buy, with a price target consensus of $61.50.
Based on Buckle’s latest earnings release for the quarter ending August 2, the company reported a quarterly revenue of $305.74 million and a net profit of $45.01 million. In comparison, last year the company earned a revenue of $282.39 million and had a net profit of $39.26 million
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BKE in relation to earlier this year. Last month, James Shada, a Director at BKE sold 20,000.00 shares for a total of $1,189,600.00.
