Buckle (NYSE:BKE) Issues Earnings Results

Buckle (NYSE:BKE) posted its earnings results on Friday. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.09, Zacks reports. The business had revenue of $379.20 million during the quarter, compared to analyst estimates of $378.97 million. Buckle had a return on equity of 44.11% and a net margin of 16.21%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.59 EPS.

Buckle Trading Up 2.6 %

Shares of BKE opened at $36.07 on Friday. The company has a market cap of $1.83 billion, a PE ratio of 9.15 and a beta of 1.17. The stock has a 50-day moving average price of $44.22 and a 200-day moving average price of $45.58. Buckle has a 12-month low of $34.67 and a 12-month high of $54.25.

Insider Activity

In other news, CEO Dennis H. Nelson sold 20,453 shares of Buckle stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $51.57, for a total transaction of $1,054,761.21. Following the completion of the sale, the chief executive officer now owns 1,739,734 shares in the company, valued at approximately $89,718,082.38. This trade represents a 1.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders sold 97,382 shares of company stock worth $4,446,403. 39.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, StockNews.com lowered Buckle from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th.

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.