Buckle (NYSE:BKE) Announces Earnings Results

Buckle (NYSE:BKE - Get Free Report) released its quarterly earnings results on Friday. The company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.05, Zacks reports. The business had revenue of $272.12 million during the quarter, compared to analyst estimates of $264.28 million. Buckle had a net margin of 16.21% and a return on equity of 44.11%. The business's revenue was up 3.7% on a year-over-year basis. During the same period last year, the business earned $0.70 EPS.

Buckle Trading Down 0.9%

BKE stock traded down $0.39 during trading on Wednesday, reaching $42.94. 310,022 shares of the stock were exchanged, compared to its average volume of 468,177. Buckle has a twelve month low of $33.12 and a twelve month high of $54.25. The company has a market capitalization of $2.20 billion, a P/E ratio of 10.89 and a beta of 0.94. The stock has a 50 day simple moving average of $37.24 and a 200-day simple moving average of $43.44.

Buckle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th were paid a $0.35 dividend. The ex-dividend date was Tuesday, April 15th. This represents a $1.40 annualized dividend and a dividend yield of 3.26%. Buckle's payout ratio is 36.08%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BKE shares. UBS Group reissued a "neutral" rating on shares of Buckle in a research report on Wednesday, May 14th. Wall Street Zen raised Buckle from a "hold" rating to a "buy" rating in a research note on Friday, May 23rd.

Insider Buying and Selling

In related news, CEO Dennis H. Nelson sold 30,678 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $40.57, for a total value of $1,244,606.46. Following the sale, the chief executive officer now directly owns 1,675,657 shares in the company, valued at $67,981,404.49. This trade represents a 1.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 109,698 shares of company stock valued at $4,312,919 over the last quarter. Corporate insiders own 39.00% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. grew its stake in shares of Buckle by 1,928.1% in 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. raised its holdings in shares of Buckle by 4.5% in 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 during the period. AQR Capital Management LLC lifted its holdings in Buckle by 9.5% during the first 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 during the last quarter. Finally, Millennium Management LLC grew its position in shares of Buckle by 15.3% in the first quarter. Millennium Management LLC now owns 99,547 shares of the company's stock valued at $3,815,000 after purchasing an additional 13,189 shares in the last quarter. Institutional investors and hedge funds own 53.93% of the company's stock.

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.