Buckle (NYSE:BKE) Shares Up 13.1%

Buckle Inc (NYSE:BKE) shot up 13.1% during mid-day trading on Friday . The company traded as high as $19.65 and last traded at $19.58, 1,374,317 shares were traded during trading. An increase of 143% from the average session volume of 565,406 shares. The stock had previously closed at $17.31.

A number of research firms have recently issued reports on BKE. ValuEngine raised shares of Valmont Industries from a “sell” rating to a “hold” rating in a report on Friday. TheStreet downgraded shares of WESCO International from a “b-” rating to a “c+” rating in a report on Friday, May 24th. Finally, Zacks Investment Research downgraded shares of ExlService from a “hold” rating to a “sell” rating in a report on Wednesday.

The firm’s 50-day moving average price is $16.49. The stock has a market cap of $837.89 million, a PE ratio of 9.94 and a beta of 0.74. The company has a current ratio of 2.30, a quick ratio of 1.58 and a debt-to-equity ratio of 0.75.

Buckle (NYSE:BKE) last released its quarterly earnings data on Friday, May 24th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.05). Buckle had a net margin of 10.47% and a return on equity of 22.96%. The firm had revenue of $201.31 million during the quarter, compared to analysts’ expectations of $200.93 million. During the same quarter in the previous year, the firm posted $0.38 EPS. Buckle’s revenue was down 1.8% compared to the same quarter last year. As a group, analysts expect that Buckle Inc will post 1.73 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 12th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date of this dividend is Thursday, July 11th. Buckle’s payout ratio is 50.76%.

In other news, Director Robert Erle Campbell sold 2,000 shares of Buckle stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $19.00, for a total transaction of $38,000.00. Following the sale, the director now owns 30,464 shares of the company’s stock, valued at approximately $578,816. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 41.80% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Metropolitan Life Insurance Co. NY boosted its stake in shares of Buckle by 465.5% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 10,457 shares of the company’s stock valued at $202,000 after purchasing an additional 8,608 shares in the last quarter. Oregon Public Employees Retirement Fund bought a new stake in shares of Buckle during the 4th quarter valued at about $209,000. 6 Meridian bought a new stake in shares of Buckle during the 1st quarter valued at about $212,000. Squarepoint Ops LLC bought a new stake in shares of Buckle during the 4th quarter valued at about $226,000. Finally, Hsbc Holdings PLC boosted its stake in shares of Buckle by 42.1% during the 4th quarter. Hsbc Holdings PLC now owns 12,482 shares of the company’s stock valued at $241,000 after purchasing an additional 3,700 shares in the last quarter. 66.52% of the stock is currently owned by hedge funds and other institutional investors.

Buckle Company Profile (NYSE:BKE)

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, Outpost Makers, Departwest, and Veece.

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