Buckle (NYSE:BKE) Announces Earnings Results

Buckle (NYSE:BKE) issued its earnings results on Friday. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.09, MarketWatch Earnings reports. Buckle had a net margin of 18.16% and a return on equity of 57.52%. The business had revenue of $303.50 million for the quarter, compared to analysts’ expectations of $303.50 million. During the same quarter in the previous year, the firm posted $1.24 EPS. The business’s revenue for the quarter was down 8.7% compared to the same quarter last year.

Buckle Stock Performance

Buckle stock opened at $37.72 on Friday. The stock has a market cap of $1.90 billion, a P/E ratio of 7.89 and a beta of 1.07. Buckle has a fifty-two week low of $30.18 and a fifty-two week high of $50.35. The firm’s fifty day moving average price is $33.78 and its 200-day moving average price is $34.29.

Buckle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, October 13th were issued a $0.35 dividend. The ex-dividend date was Thursday, October 12th. This represents a $1.40 annualized dividend and a dividend yield of 3.71%. Buckle’s payout ratio is currently 29.29%.

Insider Transactions at Buckle

In other news, SVP Brett P. Milkie sold 15,000 shares of the company’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $37.89, for a total value of $568,350.00. Following the transaction, the senior vice president now owns 80,770 shares of the company’s stock, valued at $3,060,375.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 40.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Covestor Ltd boosted its position in Buckle by 2,840.6% during the first quarter. Covestor Ltd now owns 941 shares of the company’s stock valued at $31,000 after buying an additional 909 shares during the period. Captrust Financial Advisors boosted its position in Buckle by 58.3% during the first quarter. Captrust Financial Advisors now owns 1,556 shares of the company’s stock valued at $51,000 after buying an additional 573 shares during the period. Quarry LP boosted its position in Buckle by 733.1% during the first quarter. Quarry LP now owns 1,483 shares of the company’s stock valued at $53,000 after buying an additional 1,305 shares during the period. Point72 Hong Kong Ltd purchased a new stake in Buckle during the second quarter valued at about $60,000. Finally, PNC Financial Services Group Inc. boosted its position in Buckle by 42.8% during the second quarter. PNC Financial Services Group Inc. now owns 2,244 shares of the company’s stock valued at $78,000 after buying an additional 673 shares during the period. Institutional investors own 53.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. UBS Group boosted their target price on shares of Buckle from $36.00 to $38.00 and gave the company a “neutral” rating in a report on Monday, August 21st. StockNews.com cut shares of Buckle from a “buy” rating to a “hold” rating in a report on Friday, November 10th.

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, Salvage, Red by BKE, Daytrip, Gimmicks, Gilded Intent, FITZ + EDDI, Willow & Root, Outpost Makers, Departwest, Reclaim, BKE Vintage, Nova Industries, J.B.