Buckle Inc Stock Climbs 3.2% Following Same-Store Sales Report (NYSE:BKE)

Buckle’s (NYSE:BKE) same-store sales climbed 6.2% during the month of July. Buckle’s shares rose by 3.2% in the first full-day of trading following the news.

A number of equities analysts have recently commented on BKE shares. ValuEngine raised shares of Buckle from a “sell” rating to a “hold” rating in a research report on Friday, July 12th. TheStreet lowered shares of Buckle from a “b-” rating to a “c” rating in a research report on Friday, May 24th. Finally, Zacks Investment Research raised shares of Buckle from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Wednesday, July 10th.

NYSE:BKE opened at $17.06 on Wednesday. Buckle has a 12 month low of $14.81 and a 12 month high of $29.65. The firm has a market cap of $869.89 million, a price-to-earnings ratio of 8.66 and a beta of 0.76. The company has a quick ratio of 1.58, a current ratio of 2.30 and a debt-to-equity ratio of 0.75. The company’s 50 day moving average is $18.81 and its 200-day moving average is $18.05.



Buckle (NYSE:BKE) last released its quarterly earnings results on Friday, May 24th. The company reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.05). Buckle had a net margin of 10.47% and a return on equity of 22.96%. The firm had revenue of $201.31 million during the quarter, compared to the consensus estimate of $200.93 million. During the same period in the prior year, the business earned $0.38 EPS. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. Research analysts predict that Buckle will post 1.78 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Friday, July 12th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $1.00 annualized dividend and a dividend yield of 5.86%. Buckle’s payout ratio is 50.76%.

Several institutional investors have recently made changes to their positions in the company. Texas Permanent School Fund grew its stake in shares of Buckle by 3.8% in the first quarter. Texas Permanent School Fund now owns 19,304 shares of the company’s stock worth $361,000 after acquiring an additional 699 shares during the last quarter. Comerica Bank grew its stake in shares of Buckle by 2.7% in the first quarter. Comerica Bank now owns 28,172 shares of the company’s stock worth $527,000 after acquiring an additional 744 shares during the last quarter. Hancock Whitney Corp grew its stake in shares of Buckle by 1.3% in the first quarter. Hancock Whitney Corp now owns 73,135 shares of the company’s stock worth $1,369,000 after acquiring an additional 903 shares during the last quarter. Unison Advisors LLC grew its stake in shares of Buckle by 6.6% in the second quarter. Unison Advisors LLC now owns 17,157 shares of the company’s stock worth $297,000 after acquiring an additional 1,065 shares during the last quarter. Finally, Swiss National Bank grew its stake in shares of Buckle by 2.1% in the second quarter. Swiss National Bank now owns 54,700 shares of the company’s stock worth $947,000 after acquiring an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 66.62% of the company’s stock.

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, FITZ + EDDI, Outpost Makers, Departwest, and Veece.

Further Reading: What is the Ex-Dividend Date in Investing?

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