Buckle (BKE) Issues Earnings Results

Buckle (NYSE:BKE) issued its quarterly earnings data on Friday. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.02, MarketWatch Earnings reports. The business had revenue of $204.90 million for the quarter, compared to the consensus estimate of $207.17 million. Buckle had a net margin of 9.82% and a return on equity of 20.98%. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.34 EPS.

NYSE:BKE opened at $25.25 on Friday. The stock has a market capitalization of $1.26 billion, a PE ratio of 13.65 and a beta of 0.77. Buckle has a 1-year low of $13.50 and a 1-year high of $26.25.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 27th. Stockholders of record on Friday, April 13th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend was Thursday, April 12th. Buckle’s dividend payout ratio is presently 54.05%.

In other news, Director Robert Erle Campbell sold 2,000 shares of the company’s stock in a transaction dated Friday, April 13th. The shares were sold at an average price of $22.70, for a total value of $45,400.00. Following the sale, the director now directly owns 32,214 shares of the company’s stock, valued at approximately $731,257.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Kyle Hanson sold 1,200 shares of the company’s stock in a transaction dated Wednesday, April 18th. The stock was sold at an average price of $22.70, for a total transaction of $27,240.00. Following the completion of the sale, the vice president now directly owns 26,700 shares in the company, valued at $606,090. The disclosure for this sale can be found here. Insiders sold a total of 5,753 shares of company stock worth $125,615 over the last ninety days. Insiders own 41.80% of the company’s stock.

A number of research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Buckle from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 6th. ValuEngine raised shares of Buckle from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 17th. Finally, TheStreet raised shares of Buckle from a “c” rating to a “b-” rating in a research report on Friday, March 16th. Two research analysts have rated the stock with a sell rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Buckle presently has a consensus rating of “Hold” and an average price target of $18.00.

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.

Earnings History for Buckle (NYSE:BKE)

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