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Imperial Capital Reiterates In-Line Rating, $43 PT on The Buckle

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In a report published Wednesday, Imperial Capital reiterated its In-Line rating and $43.00 price target on The Buckle (NYSE: BKE).

Imperial Capital noted, “We believe multiple expansion could be limited in the near term given recent sluggish sales trends and limited opportunity for operating margin expansion from current levels unless comps accelerate. Nevertheless, The Buckle remains one of the best operators in the specialty retail industry, in our view, with robust free cash flow, a differentiated product assortment, shareholder-friendly management, and long-term square footage growth opportunities.”

The Buckle closed on Tuesday at $43.14.

Latest Ratings for BKE

DateFirmActionFromTo
May 2016Wolfe ResearchDowngradesPeer PerformUnderperform
Apr 2016Deutsche BankInitiates Coverage onSell
Mar 2016Standpoint ResearchDowngradesBuyHold

View More Analyst Ratings for BKE
View the Latest Analyst Ratings

Posted-In: imperial capitalAnalyst Color Reiteration Analyst Ratings

 

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