Buckle Inc. (BKE) Releases Earnings Results, Misses Expectations By $0.04 EPS
Buckle Inc. (NYSE:BKE) released its earnings results on Friday. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by $0.04. The company had revenue of $239.20 million for the quarter, compared to the consensus estimate of $248.95 million. Buckle had a net margin of 12.06% and a return on equity of 30.53%. The business’s revenue was down 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 earnings per share.
Buckle (NYSE:BKE) opened at 23.75 on Friday. Buckle has a one year low of $19.95 and a one year high of $35.02. The firm has a market cap of $1.14 billion, a PE ratio of 8.87 and a beta of 1.05. The firm has a 50-day moving average price of $21.86 and a 200-day moving average price of $24.64.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 27th. Shareholders of record on Friday, October 14th were issued a $0.25 dividend. The ex-dividend date 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 presently 37.45%.
A number of institutional investors have recently modified their holdings of BKE. Credit Suisse AG raised its position in shares of Buckle by 43.7% in the third quarter. Credit Suisse AG now owns 31,587 shares of the company’s stock valued at $759,000 after buying an additional 9,605 shares during the last quarter. Intl Fcstone Inc. purchased a new position in Buckle during the third quarter valued at about $983,000. Clinton Group Inc. raised its position in Buckle by 1.8% in the third quarter. Clinton Group Inc. now owns 12,386 shares of the company’s stock valued at $298,000 after buying an additional 221 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in Buckle during the third quarter valued at about $619,000. Finally, United Services Automobile Association purchased a new position in Buckle during the third quarter valued at about $458,000. 65.97% of the stock is currently owned by institutional investors.
A number of research firms have recently weighed in on BKE. Wedbush reiterated a “neutral” rating and set a $21.00 target price (down from $22.00) on shares of Buckle in a research report on Sunday, September 4th. Deutsche Bank AG restated a “sell” rating and set a $21.00 price objective (up from $20.00) on shares of Buckle in a research report on Tuesday, November 1st. Finally, Zacks Investment Research downgraded Buckle from a “hold” rating to a “sell” rating in a research report on Wednesday, August 3rd. Three research analysts have rated the stock with a sell rating and five have given a hold rating to the company. Buckle has a consensus rating of “Hold” and a consensus target price 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.
Receive News & Stock Ratings for Buckle Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Buckle Inc. and related stocks with our FREE daily email newsletter.