Buckle, Inc. (The) (BKE) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

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

Buckle, Inc. (NYSE BKE) traded up $0.85 during midday trading on Friday, hitting $20.75. The stock had a trading volume of 1,660,000 shares, compared to its average volume of 572,859. Buckle, Inc. has a 52-week low of $13.50 and a 52-week high of $27.10. The stock has a market capitalization of $1,013.53, a PE ratio of 11.99 and a beta of 0.94.

The business 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 dividend on an annualized basis and a dividend yield of 4.82%. Buckle, Inc. (The)’s dividend payout ratio is currently 57.80%.

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

Several equities research analysts recently weighed in on the company. Deutsche Bank AG reaffirmed a “sell” rating and issued a $15.00 price target on shares of Buckle, Inc. (The) in a research note on Wednesday, August 2nd. BidaskClub raised Buckle, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. ValuEngine raised Buckle, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research raised Buckle, Inc. (The) from a “sell” rating to a “buy” rating and set a $18.00 price target on the stock 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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