Buckle, Inc. (The) (NYSE:BKE) to Issue $0.35 Quarterly Dividend

Key Points

• $0.35 quarterly dividend declared, payable April 29 to shareholders of record on April 15 (ex-dividend date April 15), which implies a ~2.8% yield.
• Q earnings beat: Buckle reported EPS of $1.59 vs. $1.51 expected and revenue of $399.14M (up 5.2% year-over-year), with a 16.16% net margin and 45.18% return on equity.
• Shares traded near $50.10 (market cap ~$2.56B, P/E ~12.1) and carry a consensus rating of “Moderate Buy” with a $53 target after mixed analyst actions (upgrades from Weiss and Wall Street Zen, UBS trimmed its target to $53).

Buckle, Inc. (The) (NYSE:BKE - Get Free Report) declared a quarterly dividend on Monday, March 23rd. Investors of record on Wednesday, April 15th will be given a dividend of 0.35 per share on Wednesday, April 29th. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Wednesday, April 15th.

Buckle has raised its dividend by an average of 0.1%annually over the last three years. Buckle has a payout ratio of 37.3% meaning its dividend is sufficiently covered by earnings.

Buckle Stock Up 0.2%

Shares of NYSE:BKE traded up $0.08 during trading on Tuesday, hitting $50.10. The stock had a trading volume of 413,703 shares, compared to its average volume of 509,211. The company has a market capitalization of $2.56 billion, a PE ratio of 12.10 and a beta of 1.17. The firm's fifty day moving average is $51.66 and its 200 day moving average is $54.78. Buckle has a 12 month low of $33.12 and a 12 month high of $61.69.

Buckle (NYSE:BKE - Get Free Report) last issued its quarterly earnings results on Friday, March 13th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.08. The company had revenue of $399.14 million during the quarter, compared to analyst estimates of $396.45 million. Buckle had a net margin of 16.16% and a return on equity of 45.18%. Buckle's quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the business earned $1.53 EPS.

Wall Street Analyst Weigh In

Several research firms have issued reports on BKE. Weiss Ratings upgraded shares of Buckle from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday. UBS Group decreased their price objective on shares of Buckle from $55.00 to $53.00 and set a "neutral" rating for the company in a report on Monday, March 16th. Finally, Wall Street Zen upgraded shares of Buckle from a "hold" rating to a "buy" rating in a research report on Saturday, February 7th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Buckle presently has an average rating of "Moderate Buy" and a consensus target price of $53.00.

About Buckle

Buckle, Inc is a retailer specializing in casual apparel, footwear and accessories for young men and women. The company is known for its denim-focused collections, offering both private-label lines and curated brand-name merchandise. Its product assortment includes jeans, tops, outerwear, shoes and a variety of accessories such as belts, jewelry and handbags, all aimed at blending contemporary style with everyday comfort.

Founded in 1948 in Kearney, Nebraska, Buckle began as a single clothing store and has since expanded into a nationwide chain.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.