Buckle’s (NYSE:BKE) same-store sales dropped 10.9% in the month of September. The company missed analysts’ expectations of a 9.2% year-over-year decline in sales. Buckle’s stock fell by 0.7% in the first full-day of trading following the report.
Several equities analysts have issued reports on BKE shares. Deutsche Bank AG reiterated a “sell” rating and set a $22.00 target price on shares of Buckle in a research report on Tuesday, July 5th. Zacks Investment Research cut Buckle from a “hold” rating to a “sell” rating in a report on Wednesday, August 3rd. Wedbush restated a “neutral” rating and issued a $21.00 price target (down previously from $22.00) on shares of Buckle in a report on Sunday, September 4th. Finally, KeyCorp restated an “equal weight” rating on shares of Buckle in a report on Sunday, June 26th. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $29.80.
In related news, VP Kyle Hanson sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 19th. The stock was sold at an average price of $26.25, for a total value of $26,250.00. Following the sale, the vice president now owns 25,400 shares of the company’s stock, valued at approximately $666,750. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Kelli D. Molczyk sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 13th. The shares were sold at an average price of $26.71, for a total value of $106,840.00. Following the completion of the sale, the vice president now directly owns 21,163 shares in the company, valued at approximately $565,263.73. The disclosure for this sale can be found here. 41.80% of the stock is owned by corporate insiders.
Shares of Buckle (NYSE:BKE) opened at 24.03 on Friday. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 8.97 and a beta of 1.10. The company has a 50-day moving average price of $25.42 and a 200-day moving average price of $26.99. Buckle has a 1-year low of $22.00 and a 1-year high of $38.30.
Buckle (NYSE:BKE) last posted its earnings results on Friday, August 19th. The company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.04. The business earned $212.20 million during the quarter. Buckle had a net margin of 12.06% and a return on equity of 30.53%. The firm’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 earnings per share. On average, equities analysts expect that Buckle will post $2.38 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 27th. Investors of record on Friday, October 14th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, October 12th. This represents a $1.00 dividend on an annualized basis and a yield of 4.16%. Buckle’s payout ratio is currently 37.45%.
A number of hedge funds have recently bought and sold shares of the stock. UBS Group AG boosted its stake in Buckle by 5.1% in the first quarter. UBS Group AG now owns 96,367 shares of the company’s stock worth $3,264,000 after buying an additional 4,683 shares during the last quarter. Zebra Capital Management LLC raised its position in Buckle by 104.9% in the first quarter. Zebra Capital Management LLC now owns 58,748 shares of the company’s stock worth $1,990,000 after buying an additional 30,080 shares during the period. Shufro Rose & Co. LLC raised its position in Buckle by 2.8% in the first quarter. Shufro Rose & Co. LLC now owns 238,395 shares of the company’s stock worth $8,074,000 after buying an additional 6,435 shares during the period. Palisade Capital Management LLC NJ raised its position in Buckle by 10.6% in the first quarter. Palisade Capital Management LLC NJ now owns 438,402 shares of the company’s stock worth $14,849,000 after buying an additional 42,090 shares during the period. Finally, NN Investment Partners Holdings N.V. purchased a new position in Buckle during the first quarter worth approximately $912,000. 65.35% of the stock is currently owned by institutional investors and hedge funds.
Buckle Company Profile
The Buckle, Inc is a retailer of casual apparel, footwear and accessories for young men and women. The Company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear. The Company provides customer services, such as free hemming, free gift-wrapping, easy layaways, the Buckle private label credit card, and a frequent shopper program.
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