Buckle (NYSE:BKE) Posts Earnings Results, Misses Estimates By $0.01 EPS

Buckle (NYSE:BKE) announced its earnings results on Friday. The company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.01), Briefing.com reports. The firm had revenue of $293.60 million for the quarter, compared to the consensus estimate of $293.60 million. Buckle had a return on equity of 46.17% and a net margin of 16.69%. Buckle’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.04 EPS.

Buckle Stock Performance

NYSE BKE opened at $48.86 on Friday. Buckle has a 1 year low of $34.87 and a 1 year high of $49.78. The business’s fifty day moving average is $44.17 and its two-hundred day moving average is $40.88. The stock has a market capitalization of $2.48 billion, a P/E ratio of 11.92 and a beta of 1.14.

Buckle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were given a $0.35 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.40 annualized dividend and a yield of 2.87%. Buckle’s dividend payout ratio (DPR) is 34.15%.

Insider Transactions at Buckle

In other Buckle news, CEO Dennis H. Nelson sold 24,666 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $42.44, for a total transaction of $1,046,825.04. Following the completion of the sale, the chief executive officer now directly owns 1,924,811 shares of the company’s stock, valued at approximately $81,688,978.84. This represents a 1.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Brett P. Milkie sold 16,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $41.35, for a total transaction of $661,600.00. Following the completion of the transaction, the senior vice president now owns 80,170 shares of the company’s stock, valued at approximately $3,315,029.50. The trade was a 16.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 142,931 shares of company stock valued at $6,080,458 in the last three months. 39.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

BKE has been the topic of a number of research reports. UBS Group raised Buckle from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $31.00 to $46.00 in a research note on Tuesday, November 12th. StockNews.com upgraded shares of Buckle from a “hold” rating to a “buy” rating in a research report on Monday, November 18th.

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