Buckle (BKE) Trading Down 6.8%

Buckle Inc (NYSE:BKE)’s share price was down 6.8% during mid-day trading on Wednesday . The stock traded as low as $20.21 and last traded at $20.40. Approximately 645,045 shares were traded during mid-day trading, an increase of 21% from the average daily volume of 531,980 shares. The stock had previously closed at $21.90.

A number of research firms have weighed in on BKE. Zacks Investment Research downgraded Buckle from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. ValuEngine downgraded Buckle from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd.

The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 11.06 and a beta of 0.64.



Buckle (NYSE:BKE) last released its quarterly earnings results on Friday, August 24th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. Buckle had a return on equity of 23.39% and a net margin of 10.53%. The firm had revenue of $201.10 million during the quarter, compared to the consensus estimate of $201.82 million. During the same quarter in the prior year, the firm posted $0.24 EPS. The business’s revenue was up 2.8% on a year-over-year basis. As a group, equities analysts anticipate that Buckle Inc will post 1.89 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 26th. Shareholders of record on Friday, October 12th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend was Thursday, October 11th. Buckle’s dividend payout ratio (DPR) is currently 54.05%.

In other news, Director Michael E. Huss sold 1,688 shares of the company’s stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $22.63, for a total transaction of $38,199.44. Following the sale, the director now owns 17,062 shares in the company, valued at approximately $386,113.06. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Diane L. Applegate sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $22.50, for a total value of $90,000.00. Following the sale, the vice president now owns 27,500 shares in the company, valued at approximately $618,750. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,308 shares of company stock valued at $141,102. Insiders own 41.80% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. WBI Investments Inc. bought a new stake in shares of Buckle during the 3rd quarter worth approximately $445,000. Robeco Institutional Asset Management B.V. raised its stake in shares of Buckle by 9.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,047,431 shares of the company’s stock worth $24,144,000 after purchasing an additional 89,891 shares in the last quarter. James Investment Research Inc. raised its stake in shares of Buckle by 2.8% during the 3rd quarter. James Investment Research Inc. now owns 90,520 shares of the company’s stock worth $2,086,000 after purchasing an additional 2,500 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Buckle by 25.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 72,263 shares of the company’s stock worth $1,666,000 after purchasing an additional 14,851 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Buckle by 3.4% during the 3rd quarter. First Trust Advisors LP now owns 122,702 shares of the company’s stock worth $2,828,000 after purchasing an additional 3,998 shares in the last quarter. Institutional investors own 70.17% of the company’s stock.

Buckle Company Profile (NYSE:BKE)

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.

Further Reading: What is the S&P 500 Index?

Receive News & Ratings for Buckle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Buckle and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply