Buckle (NYSE:BKE) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Buckle (NYSE:BKE) posted its quarterly earnings data on Friday. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.01), Briefing.com reports. Buckle had a net margin of 16.69% and a return on equity of 46.17%. The firm had revenue of $293.60 million during the quarter, compared to analysts’ expectations of $293.60 million. During the same quarter in the prior year, the firm posted $1.04 EPS. Buckle’s quarterly revenue was down 3.3% compared to the same quarter last year.

Buckle Stock Performance

BKE opened at $47.65 on Friday. Buckle has a one year low of $34.87 and a one year high of $49.78. The company has a market cap of $2.42 billion, a P/E ratio of 11.62 and a beta of 1.14. The business’s 50-day simple moving average is $44.07 and its 200-day simple moving average is $40.79.

Buckle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.94%. Buckle’s payout ratio is currently 34.15%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. UBS Group upgraded Buckle from a “sell” rating to a “neutral” rating and upped their price target for the stock from $31.00 to $46.00 in a report on Tuesday, November 12th. StockNews.com upgraded Buckle from a “hold” rating to a “buy” rating in a report on Monday.

Insider Activity

In related news, SVP Brett P. Milkie sold 16,000 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $41.35, for a total value of $661,600.00. Following the completion of the sale, the senior vice president now directly owns 80,170 shares of the company’s stock, valued at $3,315,029.50. This represents a 16.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dennis H. Nelson sold 20,453 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $42.90, for a total value of $877,433.70. Following the completion of the sale, the chief executive officer now directly owns 1,822,546 shares of the company’s stock, valued at approximately $78,187,223.40. This trade represents a 1.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 142,931 shares of company stock worth $6,080,458. 39.80% of the stock is currently owned by insiders.

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.