Key Points
- Director Bill Fairfield sold 8,500 Buckle shares at an average price of $46.38, totaling $394,230 and reducing his direct holdings by 16.07% to 44,408 shares.
- Buckle exceeded quarterly earnings expectations, reporting $0.87 EPS versus the $0.81 consensus, while revenue rose 4.6% year over year to $319.82 million.
- The company declared a quarterly dividend of $0.35, equivalent to $1.40 annually and a 3.0% yield. Analysts maintain a consensus “Hold” rating with a $46 price target.
Buckle, Inc. (The) (NYSE:BKE - Get Free Report) Director Bill Fairfield sold 8,500 shares of the stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $46.38, for a total value of $394,230.00. Following the transaction, the director directly owned 44,408 shares of the company's stock, valued at $2,059,643.04. The trade was a 16.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Buckle Price Performance
Shares of Buckle stock opened at $46.87 on Tuesday. The stock has a market capitalization of $2.41 billion, a P/E ratio of 10.80 and a beta of 1.14. The business has a 50 day simple moving average of $43.02 and a two-hundred day simple moving average of $45.88. Buckle, Inc. has a 12 month low of $39.44 and a 12 month high of $58.52.
Buckle (NYSE:BKE - Get Free Report) last issued its quarterly earnings results on Friday, August 21st. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.06. The firm had revenue of $319.82 million for the quarter, compared to analyst estimates of $319.80 million. Buckle had a return on equity of 46.91% and a net margin of 16.62%. The business's revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 earnings per share.
Buckle Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Thursday, October 15th will be issued a $0.35 dividend. The ex-dividend date is Thursday, October 15th. This represents a $1.40 dividend on an annualized basis and a yield of 3.0%. Buckle's dividend payout ratio (DPR) is presently 32.26%.
Hedge Funds Weigh In On Buckle
Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in Buckle during the 2nd quarter worth approximately $208,888,000. Dimensional Fund Advisors LP boosted its position in Buckle by 2.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,342,045 shares of the company's stock worth $67,582,000 after purchasing an additional 30,128 shares during the period. Renaissance Technologies LLC raised its position in Buckle by 6.6% in the first quarter. Renaissance Technologies LLC now owns 1,167,752 shares of the company's stock valued at $58,808,000 after purchasing an additional 72,550 shares during the period. Bank of New York Mellon Corp purchased a new position in Buckle in the second quarter valued at about $27,466,000. Finally, Impala Asset Management LLC lifted its stake in shares of Buckle by 4.9% during the first quarter. Impala Asset Management LLC now owns 419,578 shares of the company's stock worth $21,130,000 after purchasing an additional 19,459 shares in the last quarter. Institutional investors and hedge funds own 53.93% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. UBS Group reaffirmed a "neutral" rating on shares of Buckle in a research note on Monday, August 24th. Weiss Ratings upgraded shares of Buckle from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday. Two research analysts have rated the stock with a Hold rating. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $46.00.
Get Our Latest Report on Buckle
About Buckle
(
Get Free Report)
Buckle, Inc is a specialty retailer of casual apparel, footwear and accessories for young men and women. The company is particularly known for its selection of denim, along with tops, bottoms, dresses, outerwear, shoes, jewelry and other fashion accessories. Buckle sells merchandise under a combination of national brands and proprietary labels.
The company operates retail stores across the United States and also sells products through its e-commerce platform. Its stores generally offer personalized customer service, including denim fitting and tailoring, and are designed to provide a lifestyle-oriented shopping experience.
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