Analysts Offer Predictions for Buckle Inc.’s FY2019 Earnings (BKE)
Buckle Inc. (NYSE:BKE) – Analysts at KeyCorp issued their FY2019 earnings per share (EPS) estimates for shares of Buckle in a research note issued to investors on Sunday. KeyCorp analyst J. Schmidt expects that the brokerage will earn $2.25 per share for the year.
A number of other equities analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Buckle from a “hold” rating to a “sell” rating in a research report on Wednesday, August 3rd. Wedbush reissued a “neutral” rating and set a $21.00 price objective (down previously from $22.00) on shares of Buckle in a research report on Sunday, September 4th. Finally, Deutsche Bank AG reissued a “sell” rating and set a $21.00 price objective (up previously from $20.00) on shares of Buckle in a research report on Tuesday, November 1st. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $21.67.
Buckle (NYSE:BKE) traded up 0.19% during mid-day trading on Wednesday, hitting $25.90. The stock had a trading volume of 297,597 shares. Buckle has a 1-year low of $19.95 and a 1-year high of $35.02. The firm’s 50-day moving average price is $21.97 and its 200-day moving average price is $24.53. The stock has a market cap of $1.25 billion, a PE ratio of 10.75 and a beta of 1.05.
Buckle (NYSE:BKE) last released its quarterly earnings data on Friday, November 18th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by $0.03. Buckle had a net margin of 11.32% and a return on equity of 27.17%. The business earned $239.20 million during the quarter. During the same period last year, the firm posted $0.75 earnings per share. The firm’s revenue was down 14.6% on a year-over-year basis.
Hedge funds have recently added to or reduced their stakes in the company. Credit Suisse AG increased its stake in Buckle by 43.7% in the third quarter. Credit Suisse AG now owns 31,587 shares of the company’s stock worth $759,000 after buying an additional 9,605 shares in the last quarter. Intl Fcstone Inc. purchased a new stake in Buckle during the third quarter worth about $983,000. Clinton Group Inc. increased its stake in 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 in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Buckle during the third quarter worth about $619,000. Finally, United Services Automobile Association purchased a new stake in Buckle during the third quarter worth about $458,000. 66.10% of the stock is owned by institutional investors and hedge funds.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 27th. Investors 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 3.86%. Buckle’s dividend payout ratio (DPR) is currently 41.49%.
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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