Buckle Inc. (BKE) to Release Earnings on Friday
Buckle Inc. (NYSE:BKE) is scheduled to post its quarterly earnings results before the market opens on Friday, November 18th. Analysts expect Buckle to post earnings of $0.51 per share for the quarter.
Buckle (NYSE:BKE) last announced its quarterly earnings data on Friday, August 19th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.04. Buckle had a return on equity of 30.53% and a net margin of 12.06%. The firm had revenue of $212.20 million for the quarter. During the same period last year, the company posted $0.49 EPS. The company’s quarterly revenue was down 10.1% compared to the same quarter last year. On average, analysts expect Buckle to post $2.23 EPS for the current fiscal year and $2.36 EPS for the next fiscal year.
Shares of Buckle Inc. (NYSE:BKE) opened at 23.50 on Thursday. The company’s 50 day moving average price is $21.86 and its 200 day moving average price is $24.65. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 8.78 and a beta of 1.05. Buckle Inc. has a one year low of $19.95 and a one year high of $35.02.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 27th. Shareholders of record on Friday, October 14th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date was Wednesday, October 12th. Buckle’s dividend payout ratio is presently 37.45%.
Several institutional investors have recently made changes to their positions in the stock. FMR LLC raised its position in shares of Buckle by 14.1% in the second quarter. FMR LLC now owns 7,271,631 shares of the company’s stock valued at $188,990,000 after buying an additional 896,298 shares during the period. BlackRock Fund Advisors raised its position in shares of Buckle by 3.5% in the second quarter. BlackRock Fund Advisors now owns 1,906,753 shares of the company’s stock valued at $49,557,000 after buying an additional 63,995 shares during the period. State Street Corp raised its position in shares of Buckle by 2.0% in the second quarter. State Street Corp now owns 794,820 shares of the company’s stock valued at $20,654,000 after buying an additional 15,372 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in shares of Buckle by 0.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 700,168 shares of the company’s stock valued at $16,825,000 after buying an additional 5,883 shares during the period. Finally, Northern Trust Corp raised its position in shares of Buckle by 0.5% in the third quarter. Northern Trust Corp now owns 361,297 shares of the company’s stock valued at $8,682,000 after buying an additional 1,756 shares during the period. 65.97% of the stock is owned by institutional investors.
BKE has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Buckle from a “strong sell” rating to a “hold” rating in a report on Monday, July 25th. Wedbush reaffirmed a “neutral” rating and set a $21.00 target price (down previously from $22.00) on shares of Buckle in a report on Sunday, September 4th. Finally, Deutsche Bank AG reaffirmed a “sell” rating and set a $21.00 target price (up previously from $20.00) on shares of Buckle in a report on Tuesday, November 1st. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $24.75.
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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