The Buckle, Inc. (NYSE:BKE) Announces Quarterly Dividend of $0.35

The Buckle, Inc. (NYSE:BKE) announced a quarterly dividend on Tuesday, March 25th, RTT News reports. Investors of record on Tuesday, April 15th will be paid a dividend of 0.35 per share on Tuesday, April 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend is Tuesday, April 15th.

Buckle has increased its dividend by an average of 1.5% per year over the last three years. Buckle has a dividend payout ratio of 35.4% meaning its dividend is sufficiently covered by earnings.

Buckle Stock Up 0.7 %

BKE stock opened at $40.20 on Wednesday. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 10.20 and a beta of 1.17. Buckle has a 52-week low of $34.67 and a 52-week high of $54.25. The business has a fifty day moving average of $42.52 and a two-hundred day moving average of $45.46.

Buckle (NYSE:BKE) last posted its quarterly earnings data on Friday, March 14th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.09. The firm had revenue of $379.20 million for the quarter, compared to the consensus estimate 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 business earned $1.59 EPS.

Wall Street Analyst Weigh In

BKE has been the topic of several analyst reports. UBS Group reduced their price objective on Buckle from $43.00 to $41.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 18th. StockNews.com lowered shares of Buckle from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th.

Insider Activity at Buckle

In other news, CEO Dennis H. Nelson sold 20,453 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $51.57, for a total value of $1,054,761.21. Following the completion of the sale, the chief executive officer now directly owns 1,739,734 shares of the company’s stock, valued at approximately $89,718,082.38. This represents a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 92,269 shares of company stock valued at $3,952,882 in the last three months. 39.80% of the stock is currently owned by company insiders.

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.