Buckle Inc’s Same Store Sales Numbers Beat Analysts’ Estimates (NYSE:BKE)
Buckle’s (NYSE:BKE) same store sales increased by 3.1% in the month of September. Buckle’s shares climbed by 7.1% in the first day of trading following the report.
Several research firms have weighed in on BKE. Zacks Investment Research upgraded Buckle from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Wednesday, July 10th. ValuEngine upgraded Buckle from a “sell” rating to a “hold” rating in a research report on Friday, July 12th.
In other Buckle news, VP Robert J. Harbols sold 2,500 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $21.14, for a total transaction of $52,850.00. Following the transaction, the vice president now owns 19,500 shares in the company, valued at approximately $412,230. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 41.80% of the stock is owned by company insiders.
Buckle (NYSE:BKE) last issued its quarterly earnings results on Friday, August 23rd. The company reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.04. Buckle had a return on equity of 23.16% and a net margin of 10.52%. The company had revenue of $203.80 million for the quarter, compared to analysts’ expectations of $202.20 million. During the same quarter last year, the business earned $0.32 earnings per share. Buckle’s revenue was up 1.3% on a year-over-year basis. Equities research analysts forecast that Buckle will post 1.85 earnings per share for the current year.
The business also recently declared a — dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be given a $0.25 dividend. This represents a dividend yield of 5%. The ex-dividend date is Thursday, October 10th. Buckle’s payout ratio is currently 50.76%.
Several hedge funds and other institutional investors have recently modified their holdings of BKE. Tower Research Capital LLC TRC bought a new position in shares of Buckle in the second quarter worth $60,000. Bank of Montreal Can grew its position in Buckle by 127.5% in the second quarter. Bank of Montreal Can now owns 3,546 shares of the company’s stock valued at $62,000 after acquiring an additional 1,987 shares during the last quarter. Morris Capital Advisors LLC bought a new position in Buckle in the second quarter valued at about $176,000. OneAscent Financial Services LLC bought a new position in Buckle in the second quarter valued at about $206,000. Finally, Unison Advisors LLC grew its position in Buckle by 6.6% in the second quarter. Unison Advisors LLC now owns 17,157 shares of the company’s stock valued at $297,000 after acquiring an additional 1,065 shares during the last quarter. Institutional investors own 65.85% of the company’s stock.
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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