Janney Montgomery Scott Maintains a 'Neutral' on Buckle, Inc. (BKE); Favorable Q4, But Inventory Growth Faster Than Sales
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Price: $43.31 -1.81%
Rating Summary:
2 Buy, 9 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 20
Rating Summary:
2 Buy, 9 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 20
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Janney Montgomery Scott maintains a 'Neutral' on Buckle, Inc. (NYSE: BKE) price target raised $1 to $47.
JMS analyst said, "BKE reported a 4Q11 EPS beat of $1.18 versus the Street at $1.14. The company had previously reported an increase of +8% for 4Q11 comps. As expected, the company did not provide 1Q12 EPS guidance...On the earnings call, management noted that markdown inventory was down at the end of 4Q11 compared to last year. The company, however, ended 4Q11 with total inventory up 17.6% versus a net sales increase of 11.2%. We have been concerned over growing inventory levels, but with the company's sustainable positive comps, we believe inventory growth has the potential to drive the company's top-line further."
"We are raising our FY12 and FY13 EPS estimates to $3.44 from $3.37 (versus consensus of $3.35) and to $3.62 from $3.54 (versus consensus of $3.55), respectively."
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 $47.88 yesterday.
JMS analyst said, "BKE reported a 4Q11 EPS beat of $1.18 versus the Street at $1.14. The company had previously reported an increase of +8% for 4Q11 comps. As expected, the company did not provide 1Q12 EPS guidance...On the earnings call, management noted that markdown inventory was down at the end of 4Q11 compared to last year. The company, however, ended 4Q11 with total inventory up 17.6% versus a net sales increase of 11.2%. We have been concerned over growing inventory levels, but with the company's sustainable positive comps, we believe inventory growth has the potential to drive the company's top-line further."
"We are raising our FY12 and FY13 EPS estimates to $3.44 from $3.37 (versus consensus of $3.35) and to $3.62 from $3.54 (versus consensus of $3.55), respectively."
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 $47.88 yesterday.
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