Buckle, Inc. (The) Announces Special Dividend of $3.00 (NYSE:BKE)

Buckle, Inc. (The) (NYSE:BKE) declared a special dividend on Monday, December 8th. Shareholders of record on Thursday, January 15th will be paid a dividend of 3.00 per share on Thursday, January 29th. The ex-dividend date is Thursday, January 15th.

Buckle has raised its dividend by an average of 0.1%per year over the last three years. Buckle has a payout ratio of 37.3% meaning its dividend is sufficiently covered by earnings.

Buckle Price Performance

BKE traded up $0.83 during trading on Tuesday, reaching $57.22. The company had a trading volume of 410,049 shares, compared to its average volume of 525,047. The company has a market cap of $2.93 billion, a P/E ratio of 14.03 and a beta of 1.14. Buckle has a 12 month low of $33.12 and a 12 month high of $61.69. The business’s fifty day moving average price is $55.85 and its 200 day moving average price is $52.67.

Buckle (NYSE:BKE) last issued its quarterly earnings data on Friday, November 21st. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.02. The business had revenue of $320.84 million for the quarter, compared to analyst estimates of $317.97 million. Buckle had a net margin of 16.13% and a return on equity of 44.42%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the business posted $0.88 earnings per share.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Buckle in a report on Wednesday, October 8th. Wall Street Zen lowered Buckle from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, UBS Group restated a “neutral” rating on shares of Buckle in a research note on Monday, November 24th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $55.00.

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