Buckle (NYSE:BKE) posted its earnings results on Friday. The company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $203.80 million for the quarter, compared to analysts’ expectations of $202.20 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. Buckle’s revenue for the quarter was up 1.3% compared to the same quarter last year.
Shares of NYSE:BKE opened at $18.02 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.30 and a quick ratio of 1.58. The firm has a market capitalization of $915.68 million, a PE ratio of 9.84 and a beta of 0.76. The firm’s 50-day moving average is $18.89 and its two-hundred day moving average is $18.06. Buckle has a 1 year low of $14.81 and a 1 year high of $29.65.
The business also recently announced a quarterly dividend, which was paid on Friday, July 26th. Shareholders of record on Friday, July 12th were given a $0.25 dividend. The ex-dividend date was Thursday, July 11th. This represents a $1.00 dividend on an annualized basis and a yield of 5.55%. Buckle’s payout ratio is currently 50.76%.
Large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC purchased a new stake in Buckle during the second quarter worth about $60,000. Bank of Montreal Can increased its stake in Buckle by 127.5% during the second quarter. Bank of Montreal Can now owns 3,546 shares of the company’s stock worth $62,000 after purchasing an additional 1,987 shares during the period. Morris Capital Advisors LLC purchased a new stake in Buckle during the second quarter worth about $176,000. OneAscent Financial Services LLC purchased a new stake in Buckle during the second quarter worth about $206,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in Buckle during the first quarter worth about $242,000. Institutional investors own 66.62% of the company’s stock.
A number of research analysts have commented on BKE shares. TheStreet cut shares of Buckle from a “b-” rating to a “c” rating in a research report on Friday, May 24th. Zacks Investment Research raised shares of Buckle from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Wednesday, July 10th. Finally, ValuEngine raised shares of Buckle from a “sell” rating to a “hold” rating in a research report on Friday, July 12th.
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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