Buckle (NYSE:BKE) Posts Quarterly Earnings Results

Buckle (NYSE:BKE) issued its earnings results on Friday. The company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.01), Briefing.com reports. The business had revenue of $293.60 million for the quarter, compared to the consensus estimate of $293.60 million. Buckle had a net margin of 16.69% and a return on equity of 46.17%. The business’s revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.04 EPS.

Buckle Stock Up 2.6 %

BKE opened at $48.89 on Friday. Buckle has a 12 month low of $34.87 and a 12 month high of $49.78. The company has a fifty day simple moving average of $44.17 and a 200 day simple moving average of $40.86. The stock has a market cap of $2.48 billion, a P/E ratio of 11.92 and a beta of 1.14.

Buckle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Friday, October 11th. Buckle’s dividend payout ratio is currently 34.15%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. UBS Group upgraded shares of Buckle from a “sell” rating to a “neutral” rating and upped their target price for the company from $31.00 to $46.00 in a research report on Tuesday, November 12th. StockNews.com upgraded shares of Buckle from a “hold” rating to a “buy” rating in a research report on Monday, November 18th.

Insider Activity at Buckle

In related news, CEO Dennis H. Nelson sold 24,666 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $42.44, for a total value of $1,046,825.04. Following the completion of the transaction, the chief executive officer now directly owns 1,924,811 shares of the company’s stock, valued at approximately $81,688,978.84. This represents a 1.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Brett P. Milkie sold 16,000 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $41.35, for a total transaction of $661,600.00. Following the completion of the transaction, the senior vice president now directly owns 80,170 shares of the company’s stock, valued at approximately $3,315,029.50. The trade was a 16.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 142,931 shares of company stock worth $6,080,458 in the last quarter. Corporate insiders own 39.80% of the company’s stock.

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, Sterling & Stitch, Reclaim, BKE Vintage, Nova Industries, J.B.