Wedbush Starts Buckle, Inc. (BKE) at Neutral
Get Alerts BKE Hot Sheet
Price: $36.68 --0%
Rating Summary:
2 Buy, 8 Hold, 6 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 10 | Down: 18 | New: 16
Rating Summary:
2 Buy, 8 Hold, 6 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 10 | Down: 18 | New: 16
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Wedbush initiated coverage on Buckle, Inc. (NYSE: BKE) with a Neutral rating and price target of $48.00.
Analyst Morry Brown said, "Our NEUTRAL rating reflects our view of the company's strong operating metrics, with EBIT margin, returns on capital and FCF yield all at or near the top of the sector, offset by near-term SSS headwinds from a promotional retail sector. BKE does not typically respond to increased promotional cadence among peers, so we believe this is not a margin issue. Instead, the broader discounts can hold back BKE's top line, as evidenced by the company's negative SSS in 2H13. We await some relief in the promotional intensity across retail to turn more constructive."
For an analyst ratings summary and ratings history on Buckle, Inc. click here. For more ratings news on Buckle, Inc. click here.
Shares of Buckle, Inc. closed at $44.75 yesterday.
Analyst Morry Brown said, "Our NEUTRAL rating reflects our view of the company's strong operating metrics, with EBIT margin, returns on capital and FCF yield all at or near the top of the sector, offset by near-term SSS headwinds from a promotional retail sector. BKE does not typically respond to increased promotional cadence among peers, so we believe this is not a margin issue. Instead, the broader discounts can hold back BKE's top line, as evidenced by the company's negative SSS in 2H13. We await some relief in the promotional intensity across retail to turn more constructive."
For an analyst ratings summary and ratings history on Buckle, Inc. click here. For more ratings news on Buckle, Inc. click here.
Shares of Buckle, Inc. closed at $44.75 yesterday.
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