Buckle’s (NYSE:BKE) same-store sales dropped 2.4% in the month of October. Buckle’s shares fell by 7.4% in the first full-day of trading following the news.
Several equities research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Buckle from a “hold” rating to a “sell” rating in a research report on Monday. ValuEngine downgraded shares of Buckle from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd.
In other news, Director Michael E. Huss sold 1,688 shares of the business’s stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $22.63, for a total value of $38,199.44. Following the transaction, the director now owns 17,062 shares in the company, valued at approximately $386,113.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Diane L. Applegate sold 4,000 shares of the business’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 transaction of $90,000.00. Following the completion of the transaction, 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. Insiders sold a total of 6,308 shares of company stock worth $141,102 in the last 90 days. Corporate insiders own 41.80% of the company’s stock.
Buckle (NYSE:BKE) last issued its quarterly earnings results on Friday, August 24th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.01. The firm had revenue of $201.10 million for the quarter, compared to the consensus estimate of $201.82 million. Buckle had a net margin of 10.53% and a return on equity of 23.39%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.24 EPS. Equities research analysts forecast that Buckle will post 1.89 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 26th. Stockholders of record on Friday, October 12th were given a $0.25 dividend. The ex-dividend date was Thursday, October 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.90%. Buckle’s dividend payout ratio (DPR) is currently 54.05%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Itau Unibanco Holding S.A. acquired a new position in shares of Buckle during the 2nd quarter valued at $143,000. Contravisory Investment Management Inc. acquired a new position in shares of Buckle during the 2nd quarter valued at $173,000. Piedmont Investment Advisors LLC acquired a new position in shares of Buckle during the 2nd quarter valued at $179,000. Zacks Investment Management acquired a new position in shares of Buckle during the 2nd quarter valued at $206,000. Finally, Sei Investments Co. lifted its position in shares of Buckle by 46.7% during the 2nd quarter. Sei Investments Co. now owns 8,130 shares of the company’s stock valued at $218,000 after acquiring an additional 2,587 shares during the period. Hedge funds and other institutional investors own 70.17% of the company’s stock.
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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