Buckle (NYSE:BKE) Issues Quarterly Earnings Results

Buckle (NYSE:BKEGet Rating) issued its quarterly earnings results on Thursday. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $0.90 by $0.22, MarketWatch Earnings reports. Buckle had a net margin of 19.68% and a return on equity of 58.03%. The company had revenue of $309.10 million during the quarter, compared to analysts’ expectations of $306.71 million. During the same quarter in the previous year, the company earned $1.16 EPS. Buckle’s revenue was up 3.3% on a year-over-year basis.

Shares of BKE traded up $2.83 during trading hours on Thursday, reaching $33.11. The stock had a trading volume of 27,821 shares, compared to its average volume of 738,854. Buckle has a 12 month low of $26.56 and a 12 month high of $57.10. The firm has a 50-day simple moving average of $32.78 and a 200 day simple moving average of $38.44. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 6.43 and a beta of 1.02.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 28th. Stockholders of record on Thursday, April 14th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 4.23%. The ex-dividend date was Wednesday, April 13th. Buckle’s dividend payout ratio (DPR) is 27.18%.

BKE has been the topic of a number of research reports. Zacks Investment Research lowered shares of Buckle from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 11th. StockNews.com downgraded shares of Buckle from a “buy” rating to a “hold” rating in a research note on Friday, May 20th.

A number of large investors have recently modified their holdings of BKE. Vanguard Group Inc. increased its holdings in Buckle by 10.9% in the 1st quarter. Vanguard Group Inc. now owns 3,888,951 shares of the company’s stock worth $128,491,000 after acquiring an additional 381,525 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Buckle by 7.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,074,562 shares of the company’s stock worth $35,508,000 after buying an additional 76,179 shares during the last quarter. Renaissance Technologies LLC lifted its position in Buckle by 167.6% in the first quarter. Renaissance Technologies LLC now owns 1,047,168 shares of the company’s stock valued at $34,598,000 after purchasing an additional 655,866 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Buckle by 97.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 693,633 shares of the company’s stock valued at $22,918,000 after buying an additional 342,352 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Buckle by 2.9% in the first quarter. Bank of New York Mellon Corp now owns 628,276 shares of the company’s stock worth $20,758,000 after purchasing an additional 17,592 shares during the period. Institutional investors and hedge funds own 57.48% of the company’s stock.

Buckle Company Profile (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, Salvage, Red by BKE, Daytrip, Gimmicks, Gilded Intent, FITZ + EDDI, Willow & Root, Outpost Makers, Departwest, Reclaim, BKE Vintage, Nova Industries, J.B.

Further Reading

Earnings History for Buckle (NYSE:BKE)

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