Buckle, Inc. (The) Announces Quarterly Dividend of $0.35 (NYSE:BKE)

Buckle, Inc. (The) (NYSE:BKE) announced a quarterly dividend on Monday, June 1st. Shareholders of record on Wednesday, July 15th will be paid a dividend of 0.35 per share on Wednesday, July 29th. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, July 15th.

Buckle has raised its dividend payment by an average of 0.1%annually over the last three years. Buckle has a dividend payout ratio of 37.3% meaning its dividend is sufficiently covered by earnings.

Buckle Price Performance

BKE stock traded up $0.63 during trading hours on Tuesday, reaching $44.31. The stock had a trading volume of 649,576 shares, compared to its average volume of 470,558. The stock has a market capitalization of $2.28 billion, a PE ratio of 10.16 and a beta of 1.16. The stock has a 50-day simple moving average of $51.55 and a 200 day simple moving average of $52.89. Buckle has a fifty-two week low of $42.09 and a fifty-two week high of $61.69.

Buckle (NYSE:BKE) last announced its quarterly earnings results on Friday, May 29th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.18. The firm had revenue of $288.74 million during the quarter, compared to analysts’ expectations of $287.68 million. Buckle had a net margin of 16.85% and a return on equity of 47.35%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.70 earnings per share.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BKE. Wall Street Zen cut shares of Buckle from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Weiss Ratings cut shares of Buckle from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Finally, UBS Group dropped their price objective on shares of Buckle from $52.00 to $47.00 and set a “neutral” rating for the company in a research note on Monday. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $47.00.

Buckle Company Profile

Buckle, Inc is a retailer specializing in casual apparel, footwear and accessories for young men and women. The company is known for its denim-focused collections, offering both private-label lines and curated brand-name merchandise. Its product assortment includes jeans, tops, outerwear, shoes and a variety of accessories such as belts, jewelry and handbags, all aimed at blending contemporary style with everyday comfort.

Founded in 1948 in Kearney, Nebraska, Buckle began as a single clothing store and has since expanded into a nationwide chain.