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

The Buckle, Inc. (NYSE:BKE - Get Free Report) announced a quarterly dividend on Wednesday, June 4th, Wall Street Journal reports. Shareholders of record on Tuesday, July 15th will be paid a dividend of 0.35 per share on Tuesday, July 29th. This represents a $1.40 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend is Tuesday, July 15th.

Buckle has a payout ratio of 37.3% meaning its dividend is sufficiently covered by earnings.

Buckle Trading Up 1.8%

Shares of NYSE:BKE traded up $0.75 on Thursday, reaching $42.86. The company had a trading volume of 120,104 shares, compared to its average volume of 470,866. Buckle has a 52-week low of $33.12 and a 52-week high of $54.25. The firm's 50 day simple moving average is $37.65 and its 200-day simple moving average is $43.27. The firm has a market capitalization of $2.19 billion, a PE ratio of 10.88 and a beta of 0.94.

Buckle (NYSE:BKE - Get Free Report) last announced its quarterly earnings results on Friday, May 23rd. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.05. Buckle had a return on equity of 44.11% and a net margin of 16.21%. The business had revenue of $272.12 million for the quarter, compared to the consensus estimate of $264.28 million. During the same period last year, the business posted $0.70 EPS. The business's revenue was up 3.7% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

BKE has been the topic of several research analyst reports. Wall Street Zen upgraded Buckle from a "hold" rating to a "buy" rating in a research note on Friday, May 23rd. UBS Group restated a "neutral" rating on shares of Buckle in a research note on Wednesday, May 14th.

Insider Buying and Selling at Buckle

In other news, CEO Dennis H. Nelson sold 2,320 shares of the business's stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $36.31, for a total value of $84,239.20. Following the completion of the transaction, the chief executive officer now owns 1,743,375 shares of the company's stock, valued at $63,301,946.25. The trade was a 0.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last 90 days, insiders have sold 94,358 shares of company stock worth $3,706,836. 39.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Buckle

Institutional investors and hedge funds have recently modified their holdings of the stock. Geneos Wealth Management Inc. lifted its holdings in shares of Buckle by 1,928.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 649 shares of the company's stock valued at $25,000 after buying an additional 617 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in 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 raised its holdings in Buckle by 9.5% in the 1st quarter. AQR Capital Management LLC now owns 94,408 shares of the company's stock worth $3,618,000 after purchasing an additional 8,202 shares during the period. Finally, Millennium Management LLC raised its holdings in Buckle by 15.3% in the 1st 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 period. 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.