Buckle (NYSE:BKE) Announces Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Buckle (NYSE:BKE - Get Free Report) released its quarterly earnings data on Friday. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.05, Zacks reports. Buckle had a return on equity of 44.11% and a net margin of 16.21%. The firm's revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the company posted $0.70 earnings per share.

Buckle Price Performance

BKE stock opened at $41.46 on Friday. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 10.52 and a beta of 0.94. The business has a fifty day moving average price of $37.01 and a 200 day moving average price of $43.52. Buckle has a fifty-two week low of $33.12 and a fifty-two week high of $54.25.

Buckle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 15th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date was Tuesday, April 15th. Buckle's dividend payout ratio (DPR) is currently 36.08%.

Analyst Upgrades and Downgrades

BKE has been the topic of a number of research reports. UBS Group reissued a "neutral" rating on shares of Buckle in a research note on Wednesday, May 14th. Wall Street Zen raised Buckle from a "hold" rating to a "buy" rating in a research note on Friday.

Insiders Place Their Bets

In other Buckle news, CEO Dennis H. Nelson sold 2,105 shares of the business's stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $36.36, for a total value of $76,537.80. Following the sale, the chief executive officer now owns 1,728,250 shares in the company, valued at approximately $62,839,170. The trade was a 0.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 130,151 shares of company stock valued at $5,148,629 in the last 90 days. 39.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. lifted its stake in Buckle by 1,928.1% during the first quarter. Geneos Wealth Management Inc. now owns 649 shares of the company's stock worth $25,000 after purchasing an additional 617 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Buckle by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,363 shares of the company's stock worth $704,000 after purchasing an additional 797 shares in the last quarter. AQR Capital Management LLC increased its stake in Buckle by 9.5% during the 1st quarter. AQR Capital Management LLC now owns 94,408 shares of the company's stock valued at $3,618,000 after purchasing an additional 8,202 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of Buckle by 15.3% in the first quarter. Millennium Management LLC now owns 99,547 shares of the company's stock worth $3,815,000 after purchasing an additional 13,189 shares during the last quarter. 53.93% of the stock is owned by institutional investors.

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, Salvage, Red by BKE, Daytrip, Gimmicks, Gilded Intent, FITZ + EDDI, Willow & Root, Outpost Makers, Departwest, Sterling & Stitch, Reclaim, BKE Vintage, Nova Industries, J.B.

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