Buckle (NYSE:BKE) Issues Quarterly Earnings Results, Beats Expectations By $0.18 EPS

Buckle (NYSE:BKE) released its earnings results on Friday. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.74 by $0.18, Briefing.com reports. Buckle had a return on equity of 45.18% and a net margin of 16.16%.During the same quarter in the previous year, the company earned $0.70 earnings per share. The firm’s revenue was up 6.1% on a year-over-year basis.

Buckle Stock Up 1.5%

BKE stock opened at $50.50 on Friday. Buckle has a twelve month low of $42.09 and a twelve month high of $61.69. The stock’s 50 day moving average is $51.73 and its 200-day moving average is $53.07. The firm has a market capitalization of $2.60 billion, a PE ratio of 12.20 and a beta of 1.16.

Buckle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 29th. Stockholders of record on Wednesday, April 15th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Wednesday, April 15th. Buckle’s dividend payout ratio (DPR) is currently 33.82%.

Analysts Set New Price Targets

BKE has been the topic of several recent research reports. Wall Street Zen lowered Buckle from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. UBS Group cut their target price on Buckle from $53.00 to $52.00 and set a “neutral” rating on the stock in a report on Friday, May 22nd. Finally, Weiss Ratings upgraded Buckle from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 20th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Buckle has an average rating of “Moderate Buy” and an average target price of $52.00.

Insider Buying and Selling

In other news, SVP Michelle Hoffman sold 29,281 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $49.12, for a total value of $1,438,282.72. Following the transaction, the senior vice president owned 45,882 shares in the company, valued at $2,253,723.84. This trade represents a 38.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kari G. Smith sold 48,860 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $50.39, for a total value of $2,462,055.40. Following the completion of the transaction, the executive vice president owned 76,754 shares in the company, valued at $3,867,634.06. This represents a 38.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 126,200 shares of company stock worth $6,517,932 in the last 90 days. Corporate insiders own 39.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors 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 first 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. Miller Capital Partners Inc. bought a new stake in Buckle during the fourth quarter worth $37,000. EverSource Wealth Advisors LLC lifted its holdings in Buckle by 162.2% during the second quarter. EverSource Wealth Advisors LLC now owns 957 shares of the company’s stock worth $43,000 after acquiring an additional 592 shares during the period. Quarry LP bought a new stake in shares of Buckle during the 3rd quarter worth $65,000. Finally, Quadrant Capital Group LLC bought a new stake in shares of Buckle during the 3rd quarter worth $74,000. Institutional investors own 53.93% of the company’s stock.

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.