Bank of America Initiates Coverage on Buckle (BKE)

By admin | 6 years ago

Research analysts at Bank of America (NYSE: BAC) began coverage on shares of Buckle (NYSE: BKE) in a report released on Friday. The firm set an “underperform” rating and a $42.00 price target on the stock.

Shares of Buckle traded up 0.47% during mid-day trading on Friday, hitting $42.38. Buckle has a 52 week low of $33.97 and a 52 week high of $50.00. The company has a market cap of $1.994 billion and a P/E ratio of 13.18.

Buckle last announced its earnings results on Thursday, March 8th. The company reported $1.18 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.13 by $0.05. The company’s quarterly revenue was up 11.2% on a year-over-year basis. On average, analysts predict that Buckle will post $0.54 earnings per share next quarter.

Several other analysts have also recently commented on the stock. Analysts at Sterne Agee cut their EPS estimates on shares of Buckle in a research note on Monday. They now have a “buy” rating and a $55.00 price target on the stock. Separately, analysts at CL King initiated coverage on shares of Buckle in a research note to investors on Wednesday, April 4th. They set a “neutral” rating on the stock. Finally, analysts at Janney Montgomery Scott reiterated a “neutral” rating on shares of Buckle in a research note to investors on Thursday, March 8th.

The Buckle, Inc. is a retailer of casual apparel, footwear, and accessories for fashion conscious young men and women.

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