Buckle (NYSE:BKE – Get Free Report) posted its quarterly earnings results on Friday. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.09, MarketWatch Earnings reports. The firm had revenue of $303.50 million for the quarter, compared to analysts’ expectations of $303.50 million. Buckle had a net margin of 18.16% and a return on equity of 57.52%. The firm’s quarterly revenue was down 8.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.24 earnings per share.
Buckle Price Performance
BKE stock opened at $37.70 on Friday. The firm has a fifty day moving average price of $33.78 and a two-hundred day moving average price of $34.30. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 7.89 and a beta of 1.07. Buckle has a 1-year low of $30.18 and a 1-year high of $50.35.
Buckle Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, October 13th were paid a dividend of $0.35 per share. The ex-dividend date was Thursday, October 12th. This represents a $1.40 annualized dividend and a yield of 3.71%. Buckle’s payout ratio is 29.29%.
Insider Transactions at Buckle
Institutional Trading of Buckle
Institutional investors have recently made changes to their positions in the stock. Covestor Ltd raised its holdings in Buckle by 2,840.6% during the first quarter. Covestor Ltd now owns 941 shares of the company’s stock worth $31,000 after purchasing an additional 909 shares in the last quarter. Captrust Financial Advisors increased its position in shares of Buckle by 58.3% during the 1st quarter. Captrust Financial Advisors now owns 1,556 shares of the company’s stock valued at $51,000 after purchasing an additional 573 shares during the period. Quarry LP increased its position in shares of Buckle by 733.1% during the 1st quarter. Quarry LP now owns 1,483 shares of the company’s stock valued at $53,000 after purchasing an additional 1,305 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of Buckle during the 2nd quarter valued at $60,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Buckle by 42.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,244 shares of the company’s stock worth $78,000 after acquiring an additional 673 shares in the last quarter. 53.93% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on BKE. UBS Group upped their price target on shares of Buckle from $36.00 to $38.00 and gave the company a “neutral” rating in a report on Monday, August 21st. StockNews.com cut shares of Buckle from a “buy” rating to a “hold” rating in a report on Friday, November 10th.
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, Salvage, Red by BKE, Daytrip, Gimmicks, Gilded Intent, FITZ + EDDI, Willow & Root, Outpost Makers, Departwest, Reclaim, BKE Vintage, Nova Industries, J.B.
- Five stocks we like better than Buckle
- What is the S&P 500 and How It is Distinct from Other Indexes
- S&P 500’s Whirlwind: Big gains, warning whispers & tactical moves
- What Are Defense Contractor Stocks? How to Invest in Defense
- MarketBeat Week in Review – 11/13 – 11/17
- Are Penny Stocks a Good Fit for Your Portfolio?
- 3 large caps with red hot RSIs with upside
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.