Buckle (NYSE:BKE) Positioned to Grow Market Share Says Susquehanna

Saying Buckle (NYSE:BKE) should be able to keep their momentum going after a couple straight solid quarters, Susquehanna say they see them continuing to grow market share.

Even competing in a tough pricing environment, Susquehanna believes Buckle will continue to outperform. Men's sales grew at an impressive 14 percent in the Christmas season.

Susquehanna raised their fourth quarter 2010 and full year 2010 EPS estimates to $1.02 and $2.83 from $0.98 and $2.79. They are also initiating 2011 EPS estimates for Q1-4 of $0.66/$0.52/$0.77/$1.07, which brings their full year 2011 estimate to $3.03.

Susquehanna upgraded Buckle to a "Positive" rating. Buckle closed Friday at $36.96, up $0.68, or 1.87 percent. Susquehanna has a price target of $4 on Buckle.