Buckle Inc. (NYSE:BKE) announced a quarterly dividend on Tuesday, September 13th. Stockholders of record on Friday, October 14th will be given a dividend of 0.25 per share on Thursday, October 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date of this dividend is Wednesday, October 12th.
Shares of Buckle (NYSE:BKE) opened at 21.63 on Tuesday. The stock’s 50 day moving average is $24.67 and its 200-day moving average is $26.42. Buckle has a 12-month low of $20.85 and a 12-month high of $36.73. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 8.08 and a beta of 1.20.
Buckle (NYSE:BKE) last announced its earnings results on Friday, August 19th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by $0.04. The firm had revenue of $212.20 million for the quarter. Buckle had a return on equity of 30.53% and a net margin of 12.06%. The firm’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.49 EPS. On average, analysts anticipate that Buckle will post $2.38 EPS for the current fiscal year.
A number of equities research analysts recently issued reports on BKE shares. KeyCorp reiterated an “equal weight” rating on shares of Buckle in a research report on Sunday, June 26th. Deutsche Bank AG reissued a “sell” rating and set a $22.00 price objective on shares of Buckle in a report on Tuesday, July 5th. Zacks Investment Research raised shares of Buckle from a “strong sell” rating to a “hold” rating in a report on Monday, July 25th. Finally, Wedbush reissued a “neutral” rating and set a $21.00 price objective (down previously from $22.00) on shares of Buckle in a report on Sunday, September 4th. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company. Buckle presently has an average rating of “Hold” and an average target price of $29.80.
In related news, VP Kyle Hanson sold 5,400 shares of the stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $26.13, for a total value of $141,102.00. Following the sale, the vice president now directly owns 25,400 shares in the company, valued at approximately $663,702. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Kelli D. Molczyk sold 4,000 shares of the stock in a transaction that occurred on Wednesday, July 13th. The shares were sold at an average price of $26.71, for a total transaction of $106,840.00. Following the completion of the sale, the vice president now owns 21,163 shares in the company, valued at $565,263.73. The disclosure for this sale can be found here. 41.80% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in the stock. Raymond James & Associates purchased a new stake in shares of Buckle during the second quarter worth $422,000. Teachers Advisors Inc. increased its stake in shares of Buckle by 5.7% in the second quarter. Teachers Advisors Inc. now owns 45,149 shares of the company’s stock worth $1,173,000 after buying an additional 2,416 shares in the last quarter. FMR LLC increased its stake in shares of Buckle by 14.1% in the second quarter. FMR LLC now owns 7,271,631 shares of the company’s stock worth $188,990,000 after buying an additional 896,298 shares in the last quarter. Baird Financial Group Inc. increased its stake in shares of Buckle by 8.6% in the second quarter. Baird Financial Group Inc. now owns 69,802 shares of the company’s stock worth $1,814,000 after buying an additional 5,499 shares in the last quarter. Finally, Cipher Capital LP purchased a new stake in shares of Buckle during the second quarter worth $505,000. Institutional investors and hedge funds own 65.35% of the company’s stock.
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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