Buckle’s (NYSE:BKE) same-store sales decreased by 6.8% in the month of March. Buckle’s shares dropped by 1.8% in the first full-day of trading following the news.

A number of research firms have commented on BKE. ValuEngine cut shares of Buckle from a “hold” rating to a “sell” rating in a research note on Monday, April 1st. Deutsche Bank cut shares of Buckle from a “hold” rating to a “sell” rating and set a $16.00 target price on the stock. in a research note on Friday, March 8th. Finally, Zacks Investment Research upgraded shares of Buckle from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Monday, February 11th.

Buckle stock opened at $18.26 on Tuesday. The company has a market cap of $907.00 million, a PE ratio of 9.27 and a beta of 0.47. Buckle has a 1 year low of $16.85 and a 1 year high of $29.65.

Buckle (NYSE:BKE) last released its quarterly earnings data on Friday, March 15th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.04. The firm had revenue of $264.40 million for the quarter, compared to analysts’ expectations of $267.55 million. Buckle had a net margin of 10.80% and a return on equity of 23.75%. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.87 earnings per share. On average, sell-side analysts expect that Buckle will post 1.71 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.48%. The ex-dividend date of this dividend is Thursday, April 11th. Buckle’s payout ratio is currently 50.76%.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Buckle by 2.9% during the fourth quarter. BlackRock Inc. now owns 4,123,876 shares of the company’s stock valued at $79,756,000 after buying an additional 114,450 shares during the last quarter. Vanguard Group Inc raised its position in shares of Buckle by 6.5% during the third quarter. Vanguard Group Inc now owns 3,120,985 shares of the company’s stock valued at $71,939,000 after buying an additional 190,258 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Buckle by 6.5% during the third quarter. Vanguard Group Inc. now owns 3,120,985 shares of the company’s stock valued at $71,939,000 after buying an additional 190,258 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Buckle by 0.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,052,881 shares of the company’s stock valued at $20,383,000 after buying an additional 5,450 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Buckle by 2.0% during the fourth quarter. Bank of New York Mellon Corp now owns 827,994 shares of the company’s stock valued at $16,013,000 after buying an additional 16,545 shares during the last quarter. Hedge funds and other institutional investors own 69.42% of the company’s stock.

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Buckle Company Profile

The Buckle, Inc operates as a retailer of casual apparel, footwear, and accessories for young men and women in the United States. It markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear, as well as private label merchandise primarily comprising BKE, Buckle Black, BKE Boutique, Red by BKE, Daytrip denim, Gimmicks, Gilded Intent, FITZ + EDDI, Outpost Makers, Departwest, and Veece.

Further Reading: Hedge Funds Explained

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