Buckle (NYSE:BKE) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Buckle (NYSE:BKE) issued its quarterly earnings results on Friday. The company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.01), Briefing.com reports. The company had revenue of $293.60 million during the quarter, compared to analysts’ expectations of $293.60 million. Buckle had a return on equity of 46.17% and a net margin of 16.69%. Buckle’s revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.04 EPS.

Buckle Stock Up 2.5 %

Shares of BKE opened at $48.86 on Monday. The business’s 50 day moving average is $44.17 and its two-hundred day moving average is $40.90. Buckle has a 52-week low of $34.87 and a 52-week high of $49.78. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 11.92 and a beta of 1.14.

Buckle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend was Friday, October 11th. Buckle’s dividend payout ratio (DPR) is presently 34.15%.

Insider Activity at Buckle

In related news, CEO Dennis H. Nelson sold 24,666 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $42.44, for a total transaction of $1,046,825.04. Following the completion of the transaction, the chief executive officer now owns 1,924,811 shares of the company’s stock, valued at $81,688,978.84. This trade represents a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Brett P. Milkie sold 16,000 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $41.35, for a total value of $661,600.00. Following the sale, the senior vice president now directly owns 80,170 shares of the company’s stock, valued at approximately $3,315,029.50. This represents a 16.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 142,931 shares of company stock valued at $6,080,458. Corporate insiders own 39.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on BKE. StockNews.com upgraded shares of Buckle from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. UBS Group upgraded Buckle from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $31.00 to $46.00 in a research report on Tuesday, November 12th.

About Buckle

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, Sterling & Stitch, Reclaim, BKE Vintage, Nova Industries, J.B.