Market Overview

UPDATE: Sterne Agee Reiterates Buy Rating, Raises PT on The Buckle

Related BKE
Retail Sector Mixed On September Sales Reports
Top 4 Mid-Cap Stocks In The Apparel Stores Industry With The Highest EPS
Making Money With Charles Payne: 10/07/14 (Fox Business)

In a report published Monday, Sterne Agee Group reiterated its Buy rating on The Buckle (NYSE: BKE), and raised its price target from $50.00 to $54.00.

Sterne Agee noted, “While we are maintaining our estimates, we are raising our price target on BKE to $54 from $50 assuming a higher valuation of 14.5x forward given the strong cash flow outlook and opportunities ahead for continued special dividend payments providing a strong total return. The total yield offered by BKE at current prices is about 11.1%.”

The Buckle closed on Friday at $47.68.

Latest Ratings for BKE

DateFirmActionFromTo
May 2014Ascendiant CapitalUpgradesSellHold
May 2014CRT CapitalInitiates Coverage onFairly Valued
May 2014JP MorganMaintainsNeutral

View More Analyst Ratings for BKE
View the Latest Analyst Ratings

Posted-In: Sterne Agee GroupAnalyst Color Price Target Analyst Ratings

 

Related Articles (BKE)

Around the Web, We're Loving...

Get Benzinga's Newsletters