The Buckle, Inc. (NYSE:BKE) Announces Quarterly Dividend of $0.35

The Buckle, Inc. (NYSE:BKE) declared a quarterly dividend on Monday, June 3rd, Wall Street Journal reports. Shareholders of record on Friday, July 12th will be given a dividend of 0.35 per share on Friday, July 26th. This represents a $1.40 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend is Friday, July 12th.

Buckle has increased its dividend by an average of 15.9% annually over the last three years. Buckle has a dividend payout ratio of 35.4% indicating that its dividend is sufficiently covered by earnings.

Buckle Trading Up 2.3 %

Shares of Buckle stock opened at $36.73 on Thursday. The firm has a market capitalization of $1.87 billion, a PE ratio of 8.66 and a beta of 1.15. The firm’s 50 day moving average is $37.13 and its 200 day moving average is $38.64. Buckle has a 1 year low of $30.31 and a 1 year high of $48.15.

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 return on equity of 48.21% and a net margin of 17.07%. The firm had revenue of $262.50 million for the quarter, compared to the consensus estimate of $262.50 million. During the same quarter last year, the firm posted $0.86 earnings per share. The business’s revenue for the quarter was down 7.0% on a year-over-year basis.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on BKE shares. StockNews.com upgraded Buckle from a “hold” rating to a “buy” rating in a research report on Monday, June 24th. UBS Group reduced their target price on Buckle from $34.00 to $32.00 and set a “sell” rating on the stock in a report on Wednesday, May 15th.

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.