Buckle Inc. (NYSE:BKE) – KeyCorp lowered their Q3 2017 EPS estimates for shares of Buckle in a report issued on Friday. KeyCorp analyst J. Schmidt now anticipates that the firm will post earnings per share of $0.57 for the quarter, down from their previous forecast of $0.61. KeyCorp currently has a “Equal Weight” rating on the stock. KeyCorp also issued estimates for Buckle’s Q4 2017 earnings at $0.96 EPS, FY2017 earnings at $2.33 EPS, Q1 2018 earnings at $0.46 EPS, Q3 2018 earnings at $0.57 EPS, Q4 2018 earnings at $0.98 EPS and FY2018 earnings at $2.33 EPS.
Buckle (NYSE:BKE) last released its quarterly earnings results on Friday, August 19th. The company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 company’s revenue was down 10.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 earnings per share.
BKE has been the subject of a number of other reports. Wedbush reaffirmed a “neutral” rating and issued a $21.00 price target (down from $22.00) on shares of Buckle in a report on Sunday, September 4th. Deutsche Bank AG reaffirmed a “sell” rating and issued a $22.00 price target on shares of Buckle in a report on Tuesday, July 5th. Finally, Zacks Investment Research lowered Buckle from a “hold” rating to a “sell” rating in a report on Wednesday, August 3rd. Three equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $29.80.
Buckle (NYSE:BKE) traded down 0.46% during mid-day trading on Monday, reaching $21.53. The company had a trading volume of 27,535 shares. The company’s 50-day moving average is $24.67 and its 200-day moving average is $26.42. Buckle has a one year low of $20.85 and a one year high of $36.73. The stock has a market capitalization of $1.04 billion, a PE ratio of 8.04 and a beta of 1.20.
Large investors have recently added to or reduced their stakes in the stock. Hamlin Capital Management LLC increased its stake in Buckle by 2.0% in the second quarter. Hamlin Capital Management LLC now owns 1,735,380 shares of the company’s stock worth $45,103,000 after buying an additional 34,306 shares during the last quarter. BlackRock Fund Advisors increased its stake in Buckle by 0.7% in the first quarter. BlackRock Fund Advisors now owns 1,842,758 shares of the company’s stock worth $62,414,000 after buying an additional 12,505 shares during the last quarter. Creative Planning increased its stake in Buckle by 4.0% in the second quarter. Creative Planning now owns 19,882 shares of the company’s stock worth $517,000 after buying an additional 772 shares during the last quarter. NN Investment Partners Holdings N.V. purchased a new stake in Buckle during the first quarter worth $912,000. Finally, California Public Employees Retirement System increased its stake in Buckle by 12.9% in the second quarter. California Public Employees Retirement System now owns 89,100 shares of the company’s stock worth $2,316,000 after buying an additional 10,200 shares during the last quarter. Institutional investors and hedge funds own 65.35% of the company’s stock.
In other Buckle news, VP Kyle Hanson sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, July 19th. The stock was sold at an average price of $26.25, for a total transaction of $26,250.00. Following the sale, the vice president now owns 25,400 shares in the company, valued at $666,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kelli D. Molczyk sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of $26.71, for a total value of $106,840.00. Following the sale, the vice president now 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.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 27th. Investors of record on Friday, October 14th will be given 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 dividend yield of 4.62%. Buckle’s dividend payout ratio (DPR) is presently 37.45%.
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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