Buckle (NYSE:BKE) Announces Earnings Results

Buckle (NYSE:BKE) released its quarterly earnings results on Friday. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.09, MarketWatch Earnings reports. The firm had revenue of $303.50 million during the quarter, compared to analysts’ expectations of $303.50 million. Buckle had a return on equity of 57.52% and a net margin of 18.16%. Buckle’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.24 EPS.

Buckle Price Performance

Shares of BKE opened at $36.81 on Friday. The business’s fifty day moving average price is $33.70 and its 200 day moving average price is $34.26. Buckle has a 12-month low of $30.18 and a 12-month high of $50.35. The stock has a market capitalization of $1.86 billion, a PE ratio of 7.63 and a beta of 1.07.

Buckle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 13th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.80%. The ex-dividend date was Thursday, October 12th. Buckle’s dividend payout ratio (DPR) is presently 29.29%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on BKE shares. UBS Group increased their target price on Buckle from $36.00 to $38.00 and gave the company a “neutral” rating in a research note on Monday, August 21st. StockNews.com cut Buckle from a “buy” rating to a “hold” rating in a research note on Friday, November 10th.

Insider Buying and Selling

In related news, SVP Brett P. Milkie sold 15,000 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $37.89, for a total transaction of $568,350.00. Following the transaction, the senior vice president now directly owns 80,770 shares in the company, valued at $3,060,375.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 40.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Buckle

Several large investors have recently added to or reduced their stakes in BKE. Renaissance Technologies LLC increased its position in Buckle by 167.6% in the first quarter. Renaissance Technologies LLC now owns 1,047,168 shares of the company’s stock worth $34,598,000 after buying an additional 655,866 shares during the period. Vanguard Group Inc. increased its holdings in shares of Buckle by 10.9% during the first quarter. Vanguard Group Inc. now owns 3,888,951 shares of the company’s stock valued at $128,491,000 after purchasing an additional 381,525 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Buckle by 97.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 693,633 shares of the company’s stock valued at $22,918,000 after purchasing an additional 342,352 shares during the period. First Trust Advisors LP increased its holdings in shares of Buckle by 283.2% during the first quarter. First Trust Advisors LP now owns 435,720 shares of the company’s stock valued at $14,396,000 after purchasing an additional 322,018 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in Buckle by 1,123.1% during the first quarter. Envestnet Asset Management Inc. now owns 251,137 shares of the company’s stock valued at $377,000 after buying an additional 230,605 shares in the last quarter. 53.93% of the stock is owned by institutional investors and hedge funds.

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, Reclaim, BKE Vintage, Nova Industries, J.B.