Price: $418.81, Change: $-0.28, Percent Change: -0.07%
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Buckle Q1 Seen as Limited Catalyst Despite Modest Margin Improvement, UBS Says
Buckle's (BKE) Q1 sales growth acceleration should drive modest sequential improvement in its gross margin compared to a year earlier despite near-term tariff pressures, but UBS Securities said the results are unlikely to be a meaningful stock catalyst as the improvement is largely expected by the market.UBS Evidence Lab data shows the company is relatively long-crowded. However, the stock has underperformed the S&P 500 in the past quarter, while short interest has increased by 105 basis points over the past three months. This implies mixed sentiment around the company, analysts wrote in a Thursday research note.Investor concerns point to potential pressure on the company's fiscal 2026 gross margins amid rising freight rates and oil prices. Combined with the lack of annual guidance, these factors will likely limit upside.UBS Evidence Lab and industry data show web traffic at Buckle's site increased 35% year over year during Q1. Price per unit likely grew faster than cost per unit, which should support merchandise margin expansion during the quarter, according to the note.The firm reiterated its neutral rating on the stock and adjusted its price target to $52 per share from $53.Price: $48.95, Change: $-0.08, Percent Change: -0.15%
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Ross Stores Growth Outlook Brightens, But Upside Limited, UBS Says
Ross Stores (ROST) could continue gaining market share and outgrowing department store peers over the next several years amid strong consumer demand for value-focused retail, UBS said in a Thursday note.UBS said it expects slightly higher full-year gross margins for Ross Stores, driven by stronger merchandise margins and lower tariff costs, though gains could be partly offset by higher freight and store expenses."We believe ROST is capable of outgrowing Department Store peers over the next few years," UBS analysts said, adding Ross' initiatives "could fuel further outsized growth for a multiyear period."However, UBS said Ross' valuation and investor positioning may limit upside. "We continue to rate ROST Neutral and see a balanced upside/downside skew," the analysts said.UBS maintained its neutral rating and raised its price target to $232 from $227.Price: $231.88, Change: $+14.69, Percent Change: +6.76%
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Allstate Keeps Quarterly Dividend at $1.08 a Share, Payable July 1 to Shareholders of Record as of June 1
Allstate Keeps Quarterly Dividend at $1.08 a Share, Payable July 1 to Shareholders of Record as of June 1
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