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UPDATE: Imperial Capital Raises Price Target On The Buckle on 1Q13 Earnings Report


In a research report published Friday, Imperial Capital analyst Lee Giordano raised the price target on The Buckle (NYSE: BKE) from $49 to $54 and maintained the Rating of In-Line on the company.

In the report, Imperial Capitalist noted, "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. Nevertheless, we believe further multiple expansion could be challenging given limited opportunity for operating margin expansion from recent levels unless comps accelerate."

The Buckle closed on Thursday at $55.42.

Latest Ratings for BKE

Nov 2018UpgradesSellHold
Aug 2017MaintainsSell
May 2017DowngradesHoldSell

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Posted-In: Imperial Capitalist Lee J. Giordano NYSE the buckleAnalyst Color Price Target Analyst Ratings


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