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Wire

Buckle's Margin Pressures Likely to Persist, UBS Says

Buckle's (BKE) fiscal Q2 showed ongoing margin pressure and higher costs, making the stock less attractive compared with other opportunities, UBS Securities said in a note Monday.While merchandise margins remain resilient, higher store-related costs and additional investments are likely to weigh on earnings growth in the coming quarters, the investment firm said.Buckle is expected to deliver mid-single-digit long-term earnings per share growth and a high-single-digit dividend yield, the analysts said, adding that this return profile is not strong enough to drive a meaningful increase in the stock's valuation or lead to outperformance. "Additionally, we see more attractive opportunities across our coverage universe."The analysts raised their fiscal 2026 EPS estimate by 5 cents to reflect the benefit from tariff refunds. They also slightly increased their fiscal 2026-2027 sales growth forecasts, driven by stronger performance from new stores and relocated stores. They added that their fiscal 2027-2028 EPS estimates remain unchanged.UBS maintained its neutral rating and $46 price target on Buckle.Shares of Buckle were up more than 1% in Monday trading.Price: $44.35, Change: $+0.53, Percent Change: +1.22%

$BKE
Sectors

Sector Update: Consumer Stocks Advance Premarket Friday

Consumer stocks were advancing premarket Friday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) 0.5% higher and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.6%.BJ's Wholesale Club (BJ) stock was up more than 1% after the company reported higher fiscal Q2 adjusted earnings and revenue, and raised its fiscal 2026 adjusted earnings per share guidance.Buckle (BKE) shares were up more than 6% after the company posted higher fiscal Q2 net sales.Royal Caribbean (RCL) stock was 1% higher after the company said it has completed a registered public offering of $1.25 billion of 5.55% senior unsecured notes due 2034.

$BJ$BKE$RCL$XLP$XLY
Stocks Rise Pre-Bell as Investors Eye Recovery Following Sharp Selloff
US Markets

Stocks Rise Pre-Bell as Investors Eye Recovery Following Sharp Selloff

The benchmark US stock measures were tracking in the green before the open Friday following a sharp selloff in the previous session, when Treasury yields climbed despite the government's efforts to ease pressure in the bond market.The S&P 500 and the Dow Jones Industrial Average rose 0.3% each in premarket activity, while the Nasdaq added 0.6%. The Dow ended the previous session with its lowest close since July 31, while the S&P 500 and Nasdaq finished at their lowest levels since Aug. 3.Treasury yields were trending higher in premarket action, with the two-year rate increasing 0.4 basis points to 4.19% and the 10-year rate gaining 0.2 basis points to 4.7%. The 30-year rate was up 0.7 basis points to 5.24%.Treasury Secretary Scott Bessent told CNBC in an interview on Thursday that his department could increase its planned buybacks of longer-dated Treasuries to more than $4 billion per issue."Part of it is signaling here and to show that we believe that the yields don't reflect the underlying fundamentals," Bessent said.The Treasury Department earlier this week said it will at least double the size of its buybacks for longer-dated Treasuries, to $4 billion per operation."The $4 billion size of the buybacks is vanishingly small relative to the size of the US treasury market but is a loud symbolic signal that the Treasury does not want higher yields," Saxo Bank said in a report Thursday. "Shaping the yield curve and buying treasuries is normally a policy area for the (Federal Reserve), so it sets up an interesting tension with Fed Chair Kevin Warsh, who will speak at next week's Fed symposium at Jackson Hole, Wyoming."West Texas Intermediate crude oil nudged up to $86.83 a barrel before the opening bell, while Brent dipped 0.1% to $93.70.Bessent also told CNBC on Thursday that the US is looking to implement the "toughest sanctions in history" against Iran. Earlier in the week, President Donald Trump threatened to launch "economic warfare" against Iran and financial consequences for countries that seek to provide any form of support to Tehran.Shares of Walmart (WMT) fell 0.2% pre-bell after the retail giant closed Thursday trading down 9.2% as fiscal second-quarter US comparable sales growth decelerated more than Wall Street expected, while the company issued a soft earnings outlook for the ongoing three-month period.Ross Stores (ROST) jumped nearly 8% as the off-price apparel and home fashion chain lifted its full-year earnings outlook on the back of stronger-than-expected fiscal second-quarter results. Flowers Foods (FLO) fell 3.7% as the packaged bakery food producer cut its fiscal 2026 outlook amid a challenging operating environment.KE Holdings (BEKE), BJ's Wholesale Club (BJ) and Buckle (BKE) are scheduled to report their latest financial results before the bell, among others.Friday's economic calendar has the S&P Global's (SPGI) flash purchasing managers' index for August at 9:45 am ET, followed by the weekly Baker Hughes oil-and-gas rig count at 1 pm.Gold inclined 1.7% to $4,650 per troy ounce, while bitcoin climbed 7.1% to $77,811.

Dow JonesNasdaq CompositeS&P 500$BEKE$BJ$BKE$FLO$ROST$WMT
Wire

Buckle Q2 Gross Margin Likely to Deteriorate, UBS Says

Buckle (BKE) Q2 gross margin is likely to deteriorate as sales growth slows and costs remain elevated, UBS Securities said in a Monday report. The Q2 results are due Aug. 21.The report said the outcome is largely expected by the market.The note said the company will likely experience merchandise margin compression and occupancy cost deleverage given its decelerating sales trend amid persistent cost headwinds.The report also pointed to some see downside risk to the firm's 2026 gross margin due to rising freight rates and fuel surcharges based on conversations with investors.UBS cut its 2026 through 2028 EPS estimates by about 1%, lowered its price target to $46 from $47 and kept its neutral rating, expecting the stock to perform in line with peers.Price: $45.94, Change: $-0.71, Percent Change: -1.52%

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Wire

UBS Adjusts Buckle Price Target to $46 From $47, Maintains Neutral Rating

UBS Adjusts Buckle Price Target to $46 From $47, Maintains Neutral Rating

$BKE
Sectors

Sector Update: Consumer Stocks Lean Lower Premarket Thursday

Consumer stocks were leaning lower premarket Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) declining by 0.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.2%.PepsiCo (PEP) stock was down more than 2% even after the company posted higher fiscal Q2 core earnings and net revenue.Simply Good Foods (SMPL) shares were up more than 17% after the company raised its fiscal 2026 net sales outlook.Buckle (BKE) reported that its net sales for the 5-week fiscal month ended July 4 grew 5.2% year on year to $112 million. Buckle shares were up more than 3% pre-bell.

$BKE$PEP$SMPL$XLP$XLY
Softline Retailers Likely to Benefit From US Data Center Boom, UBS Says
US Markets

Softline Retailers Likely to Benefit From US Data Center Boom, UBS Says

US softline retailers are expected to take advantage of an ongoing data center construction boom, with Abercrombie & Fitch (ANF), Urban Outfitters (URBN), and Macy's (M) among those likely to see "outsized" benefits, UBS Securities said in a note e-mailed Monday.US commercial data center capacity has increased at a nearly 30% to 40% annual pace over the last two years, with installed capacity seen rising 20% to 30% annually in the near term, the brokerage said, citing industry experts.The data center construction boom is expected to lift the economy and boost the consumer spending backdrop for apparel and footwear in the concerned regions. However, the data center buildout is not expected to be distributed evenly across the country, UBS analysts Jay Sole and Mauricio Serna said in the note to clients."We believe retailers with a high percentage of stores located in areas with strong data center growth will benefit more than retailers with less exposure to these areas will," the analysts wrote.Abercrombie & Fitch, Urban Outfitters, Macy's, and Steven Madden (SHOO) are among the retailers poised to see "outsized" benefits, Sole and Serna said. On the other hand, Kohl's (KSS), Bath & Body Works (BBWI), Buckle (BKE), Boot Barn (BOOT), and American Eagle Outfitters (AEO) have "the most relevant low exposure," the duo wrote.Among off-price retailers, Ross Stores (ROST) has the "most relevant high exposure," while TJX (TJX) is on the other side of the spectrum, according to the note."While some regions have embraced data centers, other localities have not," UBS said. "Some municipalities reject data center proposals because the long-term local economic payoff is perceived as limited. They also have concerns about resource and infrastructure strain."The brokerage expects all softline stocks to benefit from their use of AI, as well as the technology's impact on the overall economy."Softline companies are taking AI very seriously and AI is likely already having a positive impact on the industry's financial performance," Sole and Serna said. "We believe the meaningful returns companies are already and will continue to achieve on their AI investments will drive upside (earnings-per-share) surprises."Price: $75.30, Change: $-1.92, Percent Change: -2.49%

$AEO$ANF$BBWI$BKE$BOOT$KSS$M$ROST$SHOO$TJX$URBN
Wire

Update: Buckle Shares Fall After Fiscal Q1 Results

(Updates with the latest stock move in the headline and in the first paragraph.)Buckle (BKE) shares were down 5.6% in early Friday trading after the company posted fiscal Q1 results.The company reported quarterly earnings of $0.92 per diluted share, up from $0.70 a year earlier.Two analysts polled by FactSet expected $0.74.Net sales for the quarter ended May 2 were $288.7 million, up from $272.1 million a year earlier.Two analysts surveyed by FactSet expected $287.7 million.Price: $47.65, Change: $-2.83, Percent Change: -5.61%

$BKE
Sectors

Sector Update: Consumer Stocks Decline Premarket Friday

Consumer stocks were declining premarket Friday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) and State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.3% lower.Buckle (BKE) stock was up 0.9% after the company reported higher fiscal Q1 earnings and net sales.Costco Wholesale's (COST) net new warehouse openings in fiscal 2026 are set to be below its previous guidance, according to the firm's earnings conference call late Thursday. Shares of Costco Wholesale were 0.9% lower pre-bell.Etsy (ETSY) signed a letter agreement with eBay (EBAY) tied to the planned $1.2 billion sale of Depop, allowing continued investment in the business before the deal closes, Etsy said in a filing. Shares of Etsy were 0.8% higher premarket.

$BKE$COST$EBAY$ETSY$XLP$XLY
Sectors

Sector Update: Consumer

Consumer stocks were declining premarket Friday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.4% lower.Buckle (BKE) stock was up more than 1% after the company reported higher fiscal Q1 earnings and net sales.

$BKE
Wire

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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Insider Trading

Buckle Insider Sold Shares Worth $1,637,238, According to a Recent SEC Filing

Kari G Smith, Director, Executive Vice President of Stores, on April 10, 2026, sold 30,000 shares in Buckle (BKE) for $1,637,238. Following the Form 4 filing with the SEC, Smith has control over a total of 83,814 common shares of the company, with 83,814 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/885245/000124771326000004/xslF345X05/wk-form4_1776172836.xml

$BKE
Insider Trading

Buckle Insider Sold Shares Worth $887,762, According to a Recent SEC Filing

Michelle Hoffman, Senior Vice President of Sales, on April 10, 2026, sold 16,200 shares in Buckle (BKE) for $887,762. Following the Form 4 filing with the SEC, Hoffman has control over a total of 19,682 common shares of the company, with 19,682 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/885245/000160306426000004/xslF345X05/wk-form4_1776171689.xml

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