The Buckle, Inc. (BKE) to Issue Quarterly Dividend of $0.35 on July 26th

The Buckle, Inc. (NYSE:BKEGet Free Report) declared a quarterly dividend on Monday, June 3rd, Wall Street Journal reports. Shareholders of record on Friday, July 12th will be paid a dividend of 0.35 per share on Friday, July 26th. This represents a $1.40 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date of this dividend is Friday, July 12th.

Buckle has increased its dividend payment by an average of 15.9% per year over the last three years. Buckle has a dividend payout ratio of 35.4% meaning its dividend is sufficiently covered by earnings.

Buckle Stock Down 1.1 %

Shares of BKE opened at $35.93 on Wednesday. The company has a 50 day moving average of $37.14 and a two-hundred day moving average of $38.66. Buckle has a twelve month low of $30.31 and a twelve month high of $48.15. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 8.47 and a beta of 1.15.

Buckle (NYSE:BKEGet Free Report) last posted its quarterly earnings data on Friday, May 24th. The company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.05). Buckle had a return on equity of 48.21% and a net margin of 17.07%. The business had revenue of $262.50 million during the quarter, compared to analyst estimates of $262.50 million. During the same period in the previous year, the business earned $0.86 EPS. The firm’s revenue for the quarter was down 7.0% compared to the same quarter last year.

Analysts Set New Price Targets

Several research firms have recently issued reports on BKE. UBS Group cut their price objective on shares of Buckle from $34.00 to $32.00 and set a “sell” rating on the stock in a report on Wednesday, May 15th. StockNews.com upgraded shares of Buckle from a “hold” rating to a “buy” rating in a research note on Monday, June 24th.

Check Out Our Latest Research Report on Buckle

Buckle Company Profile

(Get Free Report)

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.

Featured Articles

Dividend History for Buckle (NYSE:BKE)

Receive News & Ratings for Buckle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Buckle and related companies with MarketBeat.com's FREE daily email newsletter.