The Buckle, Inc.’s Same-Store Sales Numbers Beat Analysts’ Estimates, Shares Rise by 0% (NYSE:BKE)

Buckle’s (NYSE:BKE) same store sales rose 1.8% during the month of May. Buckle’s stock climbed by 0% in the first full-day of trading following the news.

Wall Street Analysts Forecast Growth

BKE has been the subject of several recent analyst reports. UBS Group lowered their target price on shares of Buckle from $34.00 to $32.00 and set a “sell” rating for the company in a research note on Wednesday, May 15th. StockNews.com downgraded shares of Buckle from a “buy” rating to a “hold” rating in a research note on Monday, May 27th.

Buckle Stock Down 1.8 %

Buckle stock opened at $35.51 on Friday. The stock has a market capitalization of $1.80 billion, a PE ratio of 8.38 and a beta of 1.18. Buckle has a twelve month low of $30.31 and a twelve month high of $48.15. The company has a 50 day moving average of $37.39 and a 200-day moving average of $39.42.

Buckle (NYSE:BKE) last released its quarterly earnings results on Friday, May 24th. The company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.05). Buckle had a net margin of 17.07% and a return on equity of 48.21%. The company had revenue of $262.50 million during the quarter, compared to analyst estimates of $262.50 million. During the same quarter last year, the company earned $0.86 EPS. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year.

Buckle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, July 12th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.94%. The ex-dividend date is Friday, July 12th. Buckle’s payout ratio is 33.02%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BKE. TFO Wealth Partners LLC boosted its holdings in Buckle by 60,000.0% during the fourth quarter. TFO Wealth Partners LLC now owns 601 shares of the company’s stock worth $29,000 after purchasing an additional 600 shares during the last quarter. Gladius Capital Management LP lifted its stake in Buckle by 408.3% in the third quarter. Gladius Capital Management LP now owns 981 shares of the company’s stock valued at $33,000 after acquiring an additional 788 shares during the last quarter. Planned Solutions Inc. acquired a new stake in Buckle in the fourth quarter valued at $44,000. Quadrant Capital Group LLC lifted its stake in Buckle by 527.4% in the fourth quarter. Quadrant Capital Group LLC now owns 985 shares of the company’s stock valued at $47,000 after acquiring an additional 828 shares during the last quarter. Finally, CWM LLC lifted its stake in Buckle by 321.2% in the fourth quarter. CWM LLC now owns 1,112 shares of the company’s stock valued at $53,000 after acquiring an additional 848 shares during the last quarter. Institutional investors and hedge funds own 53.93% of the company’s stock.

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.