Buckle Inc Same-Store Sales Decrease by 0.6% in December (NYSE:BKE)

Buckle’s (NYSE:BKE) same-store sales dropped 0.6% in the month of December. Buckle’s stock climbed by 0% in the first full-day of trading following the report.

A number of equities analysts recently commented on BKE shares. TheStreet raised shares of Buckle from a “c” rating to a “b-” rating in a research report on Tuesday, November 27th. Deutsche Bank raised shares of Buckle from a “sell” rating to a “hold” rating and set a $19.00 price target on the stock in a research report on Friday, November 2nd. Zacks Investment Research downgraded shares of Buckle from a “hold” rating to a “sell” rating in a research note on Monday, October 29th. Finally, ValuEngine downgraded shares of Buckle from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd.

In other Buckle news, Director Karen B. Rhoads sold 3,914 shares of the stock in a transaction dated Thursday, December 13th. The shares were sold at an average price of $19.18, for a total transaction of $75,070.52. Following the sale, the director now directly owns 1,687 shares in the company, valued at $32,356.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Karen B. Rhoads sold 4,000 shares of the stock in a transaction dated Thursday, December 20th. The stock was sold at an average price of $18.85, for a total transaction of $75,400.00. Following the sale, the director now owns 1,687 shares in the company, valued at $31,799.95. The disclosure for this sale can be found here. Insiders have sold 8,534 shares of company stock worth $163,373 over the last quarter. Corporate insiders own 41.80% of the company’s stock.

Shares of Buckle stock opened at $18.27 on Friday. The stock has a market cap of $960.26 million, a price-to-earnings ratio of 9.88 and a beta of 0.60. Buckle has a 12-month low of $17.20 and a 12-month high of $29.65.

Buckle (NYSE:BKE) last announced its quarterly earnings data on Monday, November 26th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.04). The firm had revenue of $215.10 million for the quarter, compared to analyst estimates of $218.37 million. Buckle had a return on equity of 24.02% and a net margin of 10.70%. The company’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.41 earnings per share. Equities analysts predict that Buckle will post 1.9 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 25th. Shareholders of record on Friday, January 11th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, January 10th. This represents a $1.00 dividend on an annualized basis and a yield of 5.47%. Buckle’s payout ratio is 54.05%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. American Century Companies Inc. boosted its stake in shares of Buckle by 0.9% in the 3rd quarter. American Century Companies Inc. now owns 262,383 shares of the company’s stock valued at $6,048,000 after purchasing an additional 2,350 shares in the last quarter. James Investment Research Inc. boosted its stake in shares of Buckle by 2.8% in the 3rd quarter. James Investment Research Inc. now owns 90,520 shares of the company’s stock valued at $2,086,000 after purchasing an additional 2,500 shares in the last quarter. Vident Investment Advisory LLC boosted its stake in shares of Buckle by 29.6% in the 3rd quarter. Vident Investment Advisory LLC now owns 11,111 shares of the company’s stock valued at $256,000 after purchasing an additional 2,540 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Buckle by 46.7% in the 2nd quarter. Sei Investments Co. now owns 8,130 shares of the company’s stock valued at $218,000 after purchasing an additional 2,587 shares in the last quarter. Finally, United Services Automobile Association boosted its stake in shares of Buckle by 12.3% in the 2nd quarter. United Services Automobile Association now owns 24,742 shares of the company’s stock valued at $666,000 after purchasing an additional 2,719 shares in the last quarter. Institutional investors own 73.31% of the company’s stock.

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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, Outpost Makers, Departwest, and Veece.

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