KeyBanc Downgrades Buckle, Inc. (BKE) to Hold; Valuation Call
Tweet
Share
E-mail
Get Alerts BKE Hot Sheet
Price: $42.54 -0.02%
Rating Summary:
2 Buy, 9 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 22 | New: 8
Rating Summary:
2 Buy, 9 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 22 | New: 8
Join SI Premium – FREE
KeyBanc downgraded Buckle, Inc. (NYSE: BKE) from Buy to Hold.
KeyBanc analyst says, "We continue to believe in the central holdings of our BKE long-term thesis - a strong reliance on third party brands, a more benign competitive environment, and a supportive farm economy should provide for 20%+ operating margins. The Company also has a disciplined history of capital return to shareholders via special dividends, and we think earnings risk is lower than most in the peer group. That said, we find its 8.8x EV/EBITDA and 2.2x EV/sales valuation fair, if not a touch rich, for a company projected to grow earnings 6-7% year-over-year and with a mid single-digit long-term square footage growth rate (compared to peer average of 6.8x EV/EBITDA and 1.2x EV/sales). We move to the sidelines."
For more ratings news on Buckle, Inc. click here and for the rating history of Buckle, Inc. click here.
Shares of Buckle, Inc. closed at $44.55 yesterday.
KeyBanc analyst says, "We continue to believe in the central holdings of our BKE long-term thesis - a strong reliance on third party brands, a more benign competitive environment, and a supportive farm economy should provide for 20%+ operating margins. The Company also has a disciplined history of capital return to shareholders via special dividends, and we think earnings risk is lower than most in the peer group. That said, we find its 8.8x EV/EBITDA and 2.2x EV/sales valuation fair, if not a touch rich, for a company projected to grow earnings 6-7% year-over-year and with a mid single-digit long-term square footage growth rate (compared to peer average of 6.8x EV/EBITDA and 1.2x EV/sales). We move to the sidelines."
For more ratings news on Buckle, Inc. click here and for the rating history of Buckle, Inc. click here.
Shares of Buckle, Inc. closed at $44.55 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Susquehanna Downgrades Canadian National Railway (CNI) to Neutral
- Raymond James on Wells Fargo (WFC): 'We view the quarter positively'
- Virtu Financial posts Q2 2026 preliminary results, seeks $400M loan
Create E-mail Alert Related Categories
DowngradesRelated Entities
KeyBanc, Dividend, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
