Buckle (NYSE:BKE) Posts Earnings Results, Beats Estimates By $0.06 EPS

Key Points

• Buckle reported quarterly EPS of $0.87, beating analysts’ consensus estimate of $0.81 by $0.06. Revenue increased 4.6% year over year, although EPS declined from $0.89 in the prior-year period.
• The company paid a quarterly dividend of $0.35 per share, equating to an annualized $1.40 dividend and a 3.3% yield.
• Analysts remain cautious, with Buckle holding an average “Hold” rating and a $46 target price; shares opened at $42.51 and recently traded near the lower end of their 52-week range.

Buckle (NYSE:BKE - Get Free Report) announced its quarterly earnings results on Friday. The company reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.06, Briefing.com reports. Buckle had a return on equity of 47.35% and a net margin of 16.85%.The company's revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.89 earnings per share.

Buckle Price Performance

Shares of NYSE BKE opened at $42.51 on Friday. The firm has a market capitalization of $2.19 billion, a PE ratio of 9.75 and a beta of 1.10. Buckle has a 1-year low of $40.73 and a 1-year high of $61.69. The business's fifty day moving average price is $43.64 and its two-hundred day moving average price is $48.42.

Buckle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Wednesday, July 15th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $1.40 annualized dividend and a dividend yield of 3.3%. Buckle's dividend payout ratio is 32.11%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on BKE shares. Weiss Ratings lowered Buckle from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, August 14th. UBS Group lowered their target price on Buckle from $47.00 to $46.00 and set a "neutral" rating for the company in a research note on Tuesday, August 11th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Buckle currently has an average rating of "Hold" and an average target price of $46.00.

Insider Transactions at Buckle

In other Buckle news, Director Bill L. Fairfield sold 2,500 shares of the firm's stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $44.44, for a total value of $111,100.00. Following the sale, the director owned 52,908 shares in the company, valued at approximately $2,351,231.52. This trade represents a 4.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 38.40% of the stock is owned by insiders.

Institutional Trading of Buckle

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. boosted its holdings 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 buying an additional 617 shares in the last quarter. Miller Capital Partners Inc. purchased a new stake in shares of Buckle during the fourth quarter valued at $37,000. EverSource Wealth Advisors LLC boosted its position in shares of Buckle by 162.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 957 shares of the company's stock valued at $43,000 after purchasing an additional 592 shares during the period. Quarry LP acquired a new position in shares of Buckle in the third quarter worth about $65,000. Finally, Quadrant Capital Group LLC acquired a new stake in shares of Buckle during the third quarter valued at approximately $74,000. 53.93% of the stock is currently owned by institutional investors.

Buckle Company Profile

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.

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