Why Is Fashion Retailer Buckle Stock Gaining Today?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 23 2024
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Source: Benzinga
Earnings Report: Buckle, Inc. reported second-quarter earnings per share of 78 cents, slightly missing expectations, while quarterly revenue decreased by 3.4% to $282.4 million but exceeded analyst estimates. Net income fell to $39.3 million from $45.6 million a year ago.
Stock Performance: Despite the mixed earnings report, BKE shares rose by 7.37% to $44.74, and the stock has gained 22% over the past year, with investors able to access it through ETFs like ProShares Online Retail ETF and The Acquirers Fund.
Analyst Views on ONLN
Wall Street analysts forecast ONLN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ONLN is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 62.780
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Current: 62.780
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
