Buckle (BKE) Issues Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Buckle (NYSE:BKE) released its quarterly earnings results on Friday. The company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.01), MarketWatch Earnings reports. Buckle had a return on equity of 24.02% and a net margin of 10.70%. The firm had revenue of $264.40 million for the quarter, compared to analysts’ expectations of $267.55 million. During the same quarter last year, the firm posted $0.87 earnings per share. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year.

BKE stock traded down $0.29 during mid-day trading on Friday, hitting $17.79. The company had a trading volume of 464,148 shares, compared to its average volume of 537,545. The firm has a market cap of $921.58 million, a price-to-earnings ratio of 9.62 and a beta of 0.47. Buckle has a 12 month low of $16.85 and a 12 month high of $29.65.

In other Buckle news, Director Karen B. Rhoads sold 4,000 shares of Buckle stock in a transaction dated Thursday, December 20th. The shares were sold at an average price of $18.85, for a total value of $75,400.00. Following the sale, the director now owns 1,687 shares of the company’s stock, valued at $31,799.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 41.80% of the company’s stock.



Hedge funds have recently made changes to their positions in the business. Cutler Group LP raised its position in Buckle by 160.0% in the fourth quarter. Cutler Group LP now owns 3,300 shares of the company’s stock worth $63,000 after acquiring an additional 8,800 shares during the period. Bank of Montreal Can raised its position in Buckle by 148.9% in the fourth quarter. Bank of Montreal Can now owns 3,758 shares of the company’s stock worth $72,000 after acquiring an additional 2,248 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in Buckle in the fourth quarter worth about $72,000. Triad Investment Management bought a new stake in Buckle in the fourth quarter worth about $194,000. Finally, Metropolitan Life Insurance Co. NY raised its position in Buckle by 465.5% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,457 shares of the company’s stock worth $202,000 after acquiring an additional 8,608 shares during the period. 68.19% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently weighed in on the stock. TheStreet upgraded shares of Buckle from a “c” rating to a “b-” rating in a report on Tuesday, November 27th. Zacks Investment Research cut shares of Buckle from a “buy” rating to a “sell” rating in a report on Thursday, November 29th. ValuEngine raised shares of Buckle from a “sell” rating to a “hold” rating in a research report on Thursday, February 28th. Finally, Deutsche Bank lowered shares of Buckle from a “hold” rating to a “sell” rating and set a $16.00 price objective on the stock. in a research report on Friday, March 8th.

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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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Earnings History for Buckle (NYSE:BKE)

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