Buckle, Inc. (The) (BKE) To Go Ex-Dividend on July 15th

Buckle, Inc. (The) (NYSE:BKE) declared a quarterly dividend on Monday, June 1st. Investors of record on Wednesday, July 15th will be paid a dividend of 0.35 per share on Wednesday, July 29th. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Wednesday, July 15th.

Buckle has raised its dividend by an average of 0.1%annually over the last three years. Buckle has a dividend payout ratio of 37.3% meaning its dividend is sufficiently covered by earnings.

Buckle Stock Performance

NYSE:BKE opened at $42.49 on Monday. The firm’s fifty day moving average is $46.12 and its two-hundred day moving average is $50.28. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 9.74 and a beta of 1.08. Buckle has a one year low of $40.73 and a one year high of $61.69.

Buckle (NYSE:BKE) last issued its quarterly earnings data on Friday, May 29th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.18. The business had revenue of $288.74 million during the quarter, compared to analysts’ expectations of $287.68 million. Buckle had a return on equity of 47.35% and a net margin of 16.85%.The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.70 EPS.

Insider Activity

In related news, Director Bill L. Fairfield sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $44.44, for a total transaction of $111,100.00. Following the completion of the sale, the director directly owned 52,908 shares in the company, valued at approximately $2,351,231.52. The trade was a 4.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 38.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Buckle

Large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Buckle by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 3,970,767 shares of the company’s stock worth $212,118,000 after buying an additional 89,441 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Buckle by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,370,398 shares of the company’s stock valued at $73,207,000 after purchasing an additional 5,784 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Buckle by 2.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,342,045 shares of the company’s stock valued at $67,582,000 after buying an additional 30,128 shares during the period. State Street Corp grew its stake in shares of Buckle by 4.3% in the 4th quarter. State Street Corp now owns 1,321,675 shares of the company’s stock valued at $70,604,000 after buying an additional 54,826 shares during the period. Finally, Morgan Stanley increased its holdings in shares of Buckle by 26.8% during the 4th quarter. Morgan Stanley now owns 1,244,389 shares of the company’s stock worth $66,475,000 after buying an additional 263,338 shares during the last quarter. Hedge funds and other institutional investors own 53.93% of the company’s stock.

Buckle Company Profile

Buckle, Inc is a retailer specializing in casual apparel, footwear and accessories for young men and women. The company is known for its denim-focused collections, offering both private-label lines and curated brand-name merchandise. Its product assortment includes jeans, tops, outerwear, shoes and a variety of accessories such as belts, jewelry and handbags, all aimed at blending contemporary style with everyday comfort.

Founded in 1948 in Kearney, Nebraska, Buckle began as a single clothing store and has since expanded into a nationwide chain.