Buckle Inc (NYSE:BKE) Declares Dividend Increase – $0.30 Per Share

Buckle Inc (NYSE:BKE) declared a quarterly dividend on Wednesday, December 4th, Wall Street Journal reports. Investors of record on Friday, January 10th will be paid a dividend of 0.30 per share on Friday, January 24th. This represents a $1.20 annualized dividend and a yield of 4.38%. The ex-dividend date is Thursday, January 9th. This is an increase from Buckle’s previous quarterly dividend of $0.25.

NYSE BKE traded down $0.14 during trading hours on Wednesday, hitting $27.39. 637,974 shares of the company traded hands, compared to its average volume of 583,732. The business’s 50-day moving average is $23.36 and its 200-day moving average is $19.69. Buckle has a twelve month low of $14.81 and a twelve month high of $28.52. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.55 and a current ratio of 2.33. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 13.90 and a beta of 0.80.

Buckle (NYSE:BKE) last issued its quarterly earnings results on Friday, November 22nd. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.47 by $0.06. Buckle had a return on equity of 24.46% and a net margin of 11.03%. The firm had revenue of $224.10 million during the quarter, compared to analysts’ expectations of $217.78 million. During the same period in the prior year, the firm posted $0.42 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. Analysts predict that Buckle will post 2.03 EPS for the current year.

In other Buckle news, VP Robert J. Harbols sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $21.14, for a total value of $52,850.00. Following the sale, the vice president now owns 19,500 shares in the company, valued at $412,230. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 41.80% of the stock is owned by corporate insiders.

BKE has been the subject of several recent research reports. ValuEngine raised Buckle from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. TheStreet raised Buckle from a “c+” rating to a “b-” rating in a research report on Thursday, November 7th.

About Buckle

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, FITZ + EDDI, Outpost Makers, Departwest, and Veece.

Read More: Are FAANG stocks a good investment?

Dividend History for Buckle (NYSE:BKE)

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.