Buckle Inc (BKE) Short Interest Update

Buckle Inc (NYSE:BKE) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totalling 9,353,954 shares, a decrease of 4.6% from the July 13th total of 9,809,020 shares. Currently, 32.7% of the company’s stock are short sold. Based on an average daily trading volume, of 333,037 shares, the short-interest ratio is currently 28.1 days.

NYSE:BKE opened at $26.45 on Friday. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 14.30 and a beta of 0.65. Buckle has a 1-year low of $13.50 and a 1-year high of $28.80.

Buckle (NYSE:BKE) last posted its quarterly earnings data on Friday, May 25th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. Buckle had a net margin of 10.13% and a return on equity of 21.93%. The company had revenue of $204.90 million during the quarter, compared to analysts’ expectations of $207.17 million. During the same period in the prior year, the company posted $0.34 EPS. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. equities research analysts predict that Buckle will post 1.87 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 27th. Stockholders of record on Friday, July 13th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, July 12th. This represents a $1.00 annualized dividend and a dividend yield of 3.78%. Buckle’s payout ratio is 54.05%.

BKE has been the subject of a number of analyst reports. ValuEngine cut shares of Buckle from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 2nd. Zacks Investment Research cut shares of Buckle from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Finally, TheStreet cut shares of Buckle from a “b-” rating to a “c” rating in a research report on Friday, May 25th.

In other Buckle news, Director Karen B. Rhoads sold 20,000 shares of the company’s stock in a transaction dated Tuesday, June 12th. The shares were sold at an average price of $28.48, for a total value of $569,600.00. Following the completion of the transaction, the director now directly owns 9,210 shares of the company’s stock, valued at approximately $262,300.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert Erle Campbell sold 2,000 shares of the company’s stock in a transaction dated Tuesday, May 29th. The shares were sold at an average price of $25.10, for a total transaction of $50,200.00. Following the completion of the transaction, the director now directly owns 30,214 shares of the company’s stock, valued at $758,371.40. The disclosure for this sale can be found here. Corporate insiders own 41.80% of the company’s stock.

Several hedge funds have recently modified their holdings of BKE. MetLife Investment Advisors LLC bought a new position in shares of Buckle during the fourth quarter worth about $337,000. Contrarius Investment Management Ltd lifted its position in shares of Buckle by 35.2% during the first quarter. Contrarius Investment Management Ltd now owns 332,893 shares of the company’s stock worth $7,374,000 after purchasing an additional 86,715 shares during the last quarter. New York State Teachers Retirement System lifted its position in shares of Buckle by 16.5% during the first quarter. New York State Teachers Retirement System now owns 57,901 shares of the company’s stock worth $1,283,000 after purchasing an additional 8,200 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Buckle by 74.7% during the first quarter. SG Americas Securities LLC now owns 40,735 shares of the company’s stock worth $902,000 after purchasing an additional 17,413 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of Buckle during the first quarter worth about $405,000. 68.87% of the stock is currently owned by institutional investors and hedge funds.

Buckle Company Profile

The Buckle, Inc operates as a retailer of casual apparel, footwear, and accessories for young men and women in the United States. It markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear, as well as private label merchandise primarily comprising BKE, Buckle Black, BKE Boutique, Red by BKE, Daytrip denim, Gimmicks, Gilded Intent, Outpost Makers, Departwest, and Veece.

Featured Article: Understanding Relative Strength Index

Receive News & Ratings for Buckle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Buckle and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply