Buckle, Inc. (The)’s (NYSE:BKE) same store sales fell 8.4% in the month of July. Buckle, Inc. (The)’s stock dropped by 1% in the first full-day of trading following the report.
Several equities research analysts recently commented on the company. ValuEngine raised Buckle, Inc. (The) from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research raised Buckle, Inc. (The) from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Friday, May 19th. BidaskClub upgraded shares of Buckle, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, Deutsche Bank AG reiterated a “sell” rating and set a $15.00 price objective on shares of Buckle, Inc. (The) in a research report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.67.
Buckle, Inc. (NYSE:BKE) opened at 15.60 on Friday. The firm’s 50-day moving average is $16.89 and its 200-day moving average is $18.22. Buckle, Inc. has a 52-week low of $15.30 and a 52-week high of $28.67. The firm has a market cap of $752.20 million, a price-to-earnings ratio of 8.25 and a beta of 0.89.
Buckle, Inc. (The) (NYSE:BKE) last posted its earnings results on Thursday, May 18th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Buckle, Inc. (The) had a net margin of 9.66% and a return on equity of 20.95%. The company had revenue of $212.20 million during the quarter, compared to analysts’ expectations of $216.42 million. During the same quarter last year, the company posted $0.48 EPS. Buckle, Inc. (The)’s quarterly revenue was down 12.9% compared to the same quarter last year. Analysts forecast that Buckle, Inc. will post $1.68 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 26th. Stockholders of record on Friday, July 14th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 6.41%. The ex-dividend date was Wednesday, July 12th. Buckle, Inc. (The)’s payout ratio is presently 53.19%.
Several institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. bought a new stake in shares of Buckle, Inc. (The) during the fourth quarter valued at about $669,000. State Street Corp raised its stake in Buckle, Inc. (The) by 4.5% in the fourth quarter. State Street Corp now owns 814,598 shares of the company’s stock worth $18,570,000 after buying an additional 35,132 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in Buckle, Inc. (The) by 6.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 15,140 shares of the company’s stock worth $345,000 after buying an additional 890 shares during the last quarter. Norges Bank acquired a new stake in Buckle, Inc. (The) during the fourth quarter worth $12,208,000. Finally, Teachers Advisors LLC raised its stake in Buckle, Inc. (The) by 3.8% in the fourth quarter. Teachers Advisors LLC now owns 46,847 shares of the company’s stock worth $1,068,000 after buying an additional 1,698 shares during the last quarter. Institutional investors own 66.46% of the company’s stock.
About Buckle, Inc. (The)
The Buckle, Inc is a retailer of casual apparel, footwear and accessories for young men and women. As of January 28, 2017, the Company operated 467 retail stores in 44 states throughout the United States under the names Buckle and The Buckle. The Company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear.
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