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

Buckle (NYSE:BKE) issued its quarterly earnings results on Friday. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05, Zacks reports. The firm had revenue of $272.12 million during the quarter, compared to the consensus estimate of $264.28 million. Buckle had a return on equity of 44.11% and a net margin of 16.21%. Buckle’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.70 earnings per share.

Buckle Stock Down 0.5%

NYSE:BKE opened at $41.21 on Friday. The business’s 50 day moving average is $37.08 and its two-hundred day moving average is $43.50. Buckle has a 52 week low of $33.12 and a 52 week high of $54.25. The company has a market cap of $2.11 billion, a PE ratio of 10.46 and a beta of 0.94.

Buckle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 15th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date was Tuesday, April 15th. Buckle’s dividend payout ratio is currently 36.08%.

Insiders Place Their Bets

In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $40.86, for a total transaction of $835,709.58. Following the transaction, the chief executive officer now owns 1,678,375 shares of the company’s stock, valued at $68,578,402.50. This trade represents a 1.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 130,151 shares of company stock valued at $5,148,629 in the last quarter. Insiders own 39.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BKE. Geneos Wealth Management Inc. boosted its stake in Buckle by 1,928.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock valued at $25,000 after purchasing an additional 617 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 acquiring an additional 797 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Buckle by 9.5% during the 1st quarter. AQR Capital Management LLC now owns 94,408 shares of the company’s stock worth $3,618,000 after acquiring an additional 8,202 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Buckle by 15.3% during the 1st quarter. Millennium Management LLC now owns 99,547 shares of the company’s stock worth $3,815,000 after acquiring an additional 13,189 shares in the last quarter. Institutional investors own 53.93% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on BKE shares. Wall Street Zen raised Buckle from a “hold” rating to a “buy” rating in a report on Friday. UBS Group reissued a “neutral” rating on shares of Buckle in a report on Wednesday, May 14th.

About Buckle

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.