Wedbush Equities Analysts Lower Earnings Estimates for Buckle Inc. (BKE)
Buckle Inc. (NYSE:BKE) – Equities research analysts at Wedbush dropped their FY2017 earnings per share estimates for shares of Buckle in a research report issued on Friday. Wedbush analyst M. Brown now anticipates that the brokerage will post earnings per share of $2.15 for the year, down from their prior forecast of $2.22. Wedbush has a “Neutral” rating and a $21.00 price objective on the stock. Wedbush also issued estimates for Buckle’s Q4 2017 earnings at $0.87 EPS, Q1 2018 earnings at $0.44 EPS, Q2 2018 earnings at $0.31 EPS, Q4 2018 earnings at $0.84 EPS, FY2018 earnings at $2.07 EPS and FY2019 earnings at $2.01 EPS.
BKE has been the subject of several other reports. Deutsche Bank AG reaffirmed a “sell” rating and set a $21.00 target price (up from $20.00) on shares of Buckle in a research note on Tuesday, November 1st. Zacks Investment Research raised shares of Buckle from a “strong sell” rating to a “hold” rating in a research note on Monday, July 25th. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. The stock has an average rating of “Hold” and a consensus target price of $24.75.
Buckle (NYSE:BKE) opened at 24.25 on Monday. Buckle has a 52 week low of $19.95 and a 52 week high of $35.02. The company has a market capitalization of $1.17 billion, a P/E ratio of 9.06 and a beta of 1.05. The stock’s 50 day moving average is $21.81 and its 200 day moving average is $24.61.
Buckle (NYSE:BKE) last issued its quarterly earnings data on Friday, November 18th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.51 by $0.03. The firm had revenue of $239.20 million for the quarter, compared to the consensus estimate of $248.95 million. Buckle had a net margin of 11.32% and a return on equity of 27.17%. The business’s revenue was down 14.6% on a year-over-year basis. During the same period last year, the company posted $0.75 earnings per share.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 27th. Shareholders of record on Friday, October 14th were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, October 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.12%. Buckle’s payout ratio is currently 41.49%.
Several institutional investors have recently modified their holdings of the company. Oppenheimer & Co. Inc. boosted its position in shares of Buckle by 0.4% in the second quarter. Oppenheimer & Co. Inc. now owns 12,350 shares of the company’s stock worth $321,000 after buying an additional 50 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Buckle by 0.8% in the second quarter. Louisiana State Employees Retirement System now owns 12,400 shares of the company’s stock worth $322,000 after buying an additional 100 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of Buckle by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,210 shares of the company’s stock worth $149,000 after buying an additional 100 shares during the last quarter. US Bancorp DE boosted its position in shares of Buckle by 0.8% in the third quarter. US Bancorp DE now owns 14,083 shares of the company’s stock worth $339,000 after buying an additional 114 shares during the last quarter. Finally, Clinton Group Inc. boosted its position in shares of Buckle by 1.8% in the third quarter. Clinton Group Inc. now owns 12,386 shares of the company’s stock worth $298,000 after buying an additional 221 shares during the last quarter. 66.10% of the stock is owned by institutional investors and hedge funds.
Buckle Company Profile
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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