Buckle, Inc. (The) (BKE) Announces Earnings Results

Buckle, Inc. (The) (NYSE:BKE) posted its earnings results on Friday. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.01, Briefing.com reports. Buckle, Inc. (The) had a net margin of 9.17% and a return on equity of 19.13%. The firm had revenue of $224.30 million during the quarter, compared to analyst estimates of $224.12 million. During the same quarter in the prior year, the business posted $0.49 EPS. The business’s revenue was down 6.2% compared to the same quarter last year.

Buckle, Inc. (NYSE BKE) traded up $0.85 during midday trading on Friday, hitting $20.75. 1,660,000 shares of the stock traded hands, compared to its average volume of 572,859. Buckle, Inc. has a 12-month low of $13.50 and a 12-month high of $27.10. The company has a market cap of $1,013.53, a price-to-earnings ratio of 11.99 and a beta of 0.94.

The company also recently announced a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, October 13th were paid a $0.25 dividend. The ex-dividend date was Thursday, October 12th. This represents a $1.00 annualized dividend and a dividend yield of 4.82%. Buckle, Inc. (The)’s payout ratio is 57.80%.

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In other news, VP Kyle Hanson sold 4,100 shares of the company’s stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $15.95, for a total value of $65,395.00. Following the completion of the sale, the vice president now owns 24,900 shares in the company, valued at approximately $397,155. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 41.70% of the company’s stock.

BKE has been the subject of several recent analyst reports. BidaskClub lowered shares of Buckle, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. ValuEngine upgraded shares of Buckle, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Deutsche Bank AG reduced their target price on shares of Buckle, Inc. (The) from $15.00 to $13.00 and set a “sell” rating for the company in a research note on Friday, August 18th. Finally, Zacks Investment Research upgraded shares of Buckle, Inc. (The) from a “sell” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Wednesday, November 1st.

About Buckle, Inc. (The)

The Buckle, Inc is a retailer of casual apparel, footwear and accessories for young men and women. As of January 28, 2017, the Company operated 467 retail stores in 44 states throughout the United States under the names Buckle and The Buckle. The Company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear.

Earnings History for Buckle, Inc. (The) (NYSE:BKE)

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