Buckle Inc. (BKE) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS
Buckle Inc. (NYSE:BKE) posted its quarterly earnings data on Friday. The company reported $0.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by $0.03. Buckle had a net margin of 12.06% and a return on equity of 30.53%. The business earned $239.20 million during the quarter, compared to analysts’ expectations of $248.95 million. During the same period in the previous year, the business posted $0.75 EPS. The company’s revenue for the quarter was down 14.6% compared to the same quarter last year.
Shares of Buckle (NYSE:BKE) opened at 23.75 on Friday. The firm has a market cap of $1.14 billion, a PE ratio of 8.87 and a beta of 1.05. Buckle has a 12-month low of $19.95 and a 12-month high of $35.02. The firm’s 50-day moving average is $21.86 and its 200-day moving average is $24.64.
The business also recently disclosed 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. The ex-dividend date of this dividend was Wednesday, October 12th. This represents a $1.00 dividend on an annualized basis and a yield of 4.21%. Buckle’s payout ratio is currently 37.45%.
Several research analysts have recently commented on BKE shares. Zacks Investment Research raised shares of Buckle from a “strong sell” rating to a “hold” rating in a research note on Monday, July 25th. Wedbush reiterated a “neutral” rating and issued a $21.00 price target (down previously from $22.00) on shares of Buckle in a research note on Sunday, September 4th. Finally, Deutsche Bank AG reiterated a “sell” rating and issued a $21.00 price target (up previously from $20.00) on shares of Buckle in a research note on Tuesday, November 1st. Three equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $24.75.
Several hedge funds and other institutional investors have recently bought and sold shares of BKE. Raymond James & Associates bought a new position in Buckle during the second quarter worth approximately $422,000. Teachers Advisors Inc. increased its stake in 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 during the period. FMR LLC increased its stake in 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 during the period. Baird Financial Group Inc. increased its stake in 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 during the period. Finally, Cipher Capital LP acquired a new stake in Buckle during the second quarter worth about $505,000. 65.97% of the stock is owned by institutional investors.
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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