The Buckle, Inc. (NYSE:BKE) Announces $0.33 Quarterly Dividend

The Buckle, Inc. (NYSE:BKE) announced a quarterly dividend on Monday, June 7th, Zacks reports. Stockholders of record on Thursday, July 15th will be paid a dividend of 0.33 per share on Thursday, July 29th. This represents a $1.32 annualized dividend and a dividend yield of 3.37%. The ex-dividend date is Wednesday, July 14th.

Shares of BKE opened at $39.13 on Wednesday. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 9.73 and a beta of 1.17. The firm’s fifty day simple moving average is $42.13. The Buckle has a 12 month low of $14.59 and a 12 month high of $46.72.

The Buckle (NYSE:BKE) last issued its earnings results on Thursday, May 20th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.73. The company had revenue of $299.10 million during the quarter, compared to analyst estimates of $197.90 million. The Buckle had a return on equity of 47.05% and a net margin of 18.36%. The firm’s quarterly revenue was up 159.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.24) EPS. On average, equities research analysts forecast that The Buckle will post 3.75 earnings per share for the current year.

Separately, Zacks Investment Research upgraded The Buckle from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Tuesday, March 9th.

In other The Buckle news, CEO Dennis H. Nelson sold 18,700 shares of The Buckle stock in a transaction dated Wednesday, April 21st. The stock was sold at an average price of $42.01, for a total transaction of $785,587.00. Following the completion of the transaction, the chief executive officer now owns 274,500 shares in the company, valued at approximately $11,531,745. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Kelli D. Molczyk sold 2,500 shares of The Buckle stock in a transaction dated Monday, April 12th. The shares were sold at an average price of $43.77, for a total value of $109,425.00. Following the transaction, the vice president now owns 55,663 shares of the company’s stock, valued at approximately $2,436,369.51. The disclosure for this sale can be found here. Insiders have sold a total of 84,263 shares of company stock valued at $3,612,120 in the last quarter. Company insiders own 40.80% of the company’s stock.

The 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, Willow & Root, Outpost Makers, Departwest, Departwest, Reclaim, Salvage, Nova Industries, and Veece.

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Dividend History for The Buckle (NYSE:BKE)

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