UBS lifted its price target on Buckle Inc. (NYSE:BKE) to $54 from $51 while keeping a Neutral rating, citing strong operational execution but limited near-term upside.
The analysts said Buckle continued to demonstrate resilience, with its second-quarter report showing momentum despite tariff pressures. They pointed to the company’s ability to sustain long-term sales growth, maintain high EBIT margins, and deliver consistent shareholder returns.
However, UBS cautioned that margin expansion could decelerate in coming quarters, limiting EPS growth in the near term. Looking beyond fiscal 2025, the brokerage forecast a 5% five-year EPS CAGR, supported by a high single-digit dividend yield and justified by a ~12x P/E multiple.
UBS concluded that while Buckle’s management had delivered on its strategic framework, clear upside catalysts remained scarce compared with peers.
