The Buckle, Inc.’s Same Store Sales Numbers Miss Analysts’ Estimates, Stock Climbs by 0% (NYSE:BKE)

Buckle’s (NYSE:BKEGet Rating) same store sales decreased by 9.7% during the month of March. Buckle’s shares climbed by 0% in the first full-day of trading following the news.

Several equities research analysts have recently weighed in on the stock. StockNews.com began coverage on shares of Buckle in a research report on Thursday, March 31st. They set a “buy” rating for the company. Zacks Investment Research upgraded shares of Buckle from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective for the company in a report on Wednesday, March 16th. Finally, Sidoti initiated coverage on shares of Buckle in a research note on Tuesday, December 14th. They issued a “buy” rating and a $60.00 target price for the company.

Shares of NYSE:BKE opened at $32.30 on Tuesday. The firm’s 50 day moving average price is $36.08 and its 200-day moving average price is $40.83. The stock has a market capitalization of $1.62 billion, a PE ratio of 6.27 and a beta of 1.04. Buckle has a twelve month low of $30.90 and a twelve month high of $57.10.

Buckle (NYSE:BKEGet Rating) last released its quarterly earnings data on Friday, March 11th. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.25. Buckle had a net margin of 19.68% and a return on equity of 58.03%. During the same period in the previous year, the business posted $1.33 earnings per share. Equities analysts forecast that Buckle will post 5.25 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 28th. Stockholders of record on Thursday, April 14th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date is Wednesday, April 13th. Buckle’s dividend payout ratio (DPR) is 27.18%.

A number of institutional investors have recently added to or reduced their stakes in BKE. Neo Ivy Capital Management acquired a new position in shares of Buckle in the 4th quarter valued at $37,000. Meeder Asset Management Inc. boosted its stake in shares of Buckle by 8,941.7% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,085 shares of the company’s stock valued at $43,000 after buying an additional 1,073 shares during the last quarter. Banque Cantonale Vaudoise raised its position in shares of Buckle by 57.4% during the 3rd quarter. Banque Cantonale Vaudoise now owns 1,239 shares of the company’s stock valued at $49,000 after acquiring an additional 452 shares in the last quarter. PFG Private Wealth Management LLC acquired a new stake in Buckle in the fourth quarter worth $83,000. Finally, UMB Bank N A MO acquired a new position in shares of Buckle during the fourth quarter valued at $104,000. Hedge funds and other institutional investors own 57.48% of the company’s stock.

About Buckle (Get Rating)

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, BKE Boutique, Red by BKE, Daytrip denim, Gimmicks, Gilded Intent, FITZ + EDDI, Willow & Root, Outpost Makers, Departwest, Departwest, Reclaim, Salvage, Nova Industries, and Veece.

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