Buckle Inc (NYSE:BKE) announced a — dividend on Wednesday, September 18th, Wall Street Journal reports. Stockholders of record on Friday, October 11th will be paid a dividend of 0.25 per share on Friday, October 25th. This represents a dividend yield of 5%. The ex-dividend date of this dividend is Thursday, October 10th.
Buckle has increased its dividend by an average of 2.8% per year over the last three years. Buckle has a payout ratio of 52.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Buckle to earn $1.59 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 62.9%.
Shares of NYSE:BKE traded up $0.26 during midday trading on Friday, hitting $20.51. The company’s stock had a trading volume of 523,923 shares, compared to its average volume of 561,772. The business’s 50 day simple moving average is $19.80 and its 200 day simple moving average is $18.45. The company has a market cap of $952.48 million, a P/E ratio of 10.41 and a beta of 0.72. Buckle has a 12-month low of $14.81 and a 12-month high of $22.80. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.57 and a current ratio of 2.35.
Buckle (NYSE:BKE) last released its quarterly earnings results on Friday, August 23rd. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The business had revenue of $203.80 million for the quarter, compared to the consensus estimate of $202.20 million. Buckle had a net margin of 10.52% and a return on equity of 23.16%. The business’s revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.32 EPS. On average, sell-side analysts predict that Buckle will post 1.81 earnings per share for the current fiscal year.
BKE has been the subject of a number of research reports. ValuEngine upgraded shares of Buckle from a “sell” rating to a “hold” rating in a report on Friday, July 12th. Zacks Investment Research upgraded shares of Buckle from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Wednesday, July 10th.
In other Buckle news, VP Robert J. Harbols sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $21.14, for a total transaction of $52,850.00. Following the completion of the transaction, the vice president now owns 19,500 shares in the company, valued at approximately $412,230. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 41.80% 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, BKE Boutique, Red by BKE, Daytrip denim, Gimmicks, Gilded Intent, FITZ + EDDI, Outpost Makers, Departwest, and Veece.
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