Buckle (NYSE:BKE) Releases Earnings Results, Beats Expectations By $0.04 EPS

Buckle (NYSE:BKE) released its quarterly earnings results on Friday. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04, MarketWatch Earnings reports. Buckle had a net margin of 10.47% and a return on equity of 22.96%. The business had revenue of $203.80 million for the quarter, compared to analysts’ expectations of $202.20 million. During the same period last year, the business earned $0.32 EPS. The company’s revenue was up 1.3% compared to the same quarter last year.

BKE stock opened at $18.02 on Friday. The firm has a 50 day moving average of $18.89 and a 200 day moving average of $18.06. The stock has a market capitalization of $882.20 million, a PE ratio of 9.48 and a beta of 0.76. The company has a quick ratio of 1.58, a current ratio of 2.30 and a debt-to-equity ratio of 0.75. Buckle has a 52 week low of $14.81 and a 52 week high of $29.65.

The business also recently announced a quarterly dividend, which was paid on Friday, July 26th. Investors of record on Friday, July 12th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date of this dividend was Thursday, July 11th. Buckle’s dividend payout ratio (DPR) is presently 50.76%.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Buckle by 1.1% in the 2nd quarter. BlackRock Inc. now owns 4,276,522 shares of the company’s stock worth $74,027,000 after purchasing an additional 45,736 shares in the last quarter. Vanguard Group Inc. boosted its stake in Buckle by 3.0% in the 2nd quarter. Vanguard Group Inc. now owns 3,333,415 shares of the company’s stock worth $57,701,000 after purchasing an additional 97,459 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Buckle by 1.1% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,109,616 shares of the company’s stock worth $19,210,000 after purchasing an additional 11,835 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Buckle by 8.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 922,202 shares of the company’s stock worth $15,962,000 after purchasing an additional 72,510 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Buckle by 2.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 587,067 shares of the company’s stock worth $10,163,000 after purchasing an additional 11,665 shares in the last quarter. Institutional investors own 66.62% of the company’s stock.

A number of research firms recently commented on BKE. TheStreet cut shares of Buckle from a “b-” rating to a “c” rating in a research note on Friday, May 24th. ValuEngine upgraded shares of Buckle from a “sell” rating to a “hold” rating in a research note on Friday, July 12th. Finally, Zacks Investment Research upgraded shares of Buckle from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Wednesday, July 10th.

Buckle Company Profile

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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Earnings History for Buckle (NYSE:BKE)

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