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

The Buckle, Inc. (NYSE:BKE) announced a quarterly dividend on Wednesday, March 27th, Wall Street Journal reports. Shareholders of record on Friday, April 12th will be given a dividend of 0.35 per share on Friday, April 26th. This represents a $1.40 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend is Thursday, April 11th.

Buckle has increased its dividend by an average of 15.9% annually over the last three years. Buckle has a dividend payout ratio of 34.1% indicating that its dividend is sufficiently covered by earnings.

Buckle Stock Up 2.6 %

Buckle stock opened at $39.49 on Thursday. The firm has a market cap of $1.99 billion, a PE ratio of 8.95 and a beta of 1.23. Buckle has a 52-week low of $30.18 and a 52-week high of $48.15. The company’s 50 day moving average is $38.60 and its two-hundred day moving average is $38.11.

Buckle (NYSE:BKE) last announced its quarterly earnings data on Friday, March 15th. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.15. Buckle had a net margin of 17.44% and a return on equity of 50.88%. The company had revenue of $382.40 million for the quarter, compared to the consensus estimate of $383.63 million. During the same period in the prior year, the firm posted $1.76 EPS. The company’s quarterly revenue was down 4.8% compared to the same quarter last year.

Analyst Ratings Changes

A number of research firms recently commented on BKE. UBS Group downgraded shares of Buckle from a “neutral” rating to a “sell” rating and dropped their target price for the company from $37.00 to $34.00 in a research report on Friday, January 5th. StockNews.com downgraded shares of Buckle from a “buy” rating to a “hold” rating in a research report on Wednesday, March 20th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Covestor Ltd grew its position in Buckle by 2,840.6% during the 1st quarter. Covestor Ltd now owns 941 shares of the company’s stock worth $31,000 after purchasing an additional 909 shares during the last quarter. Captrust Financial Advisors grew its position in Buckle by 58.3% during the 1st quarter. Captrust Financial Advisors now owns 1,556 shares of the company’s stock worth $51,000 after purchasing an additional 573 shares during the last quarter. Quarry LP lifted its stake in shares of Buckle by 733.1% in the 1st quarter. Quarry LP now owns 1,483 shares of the company’s stock worth $53,000 after acquiring an additional 1,305 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Buckle in the 2nd quarter worth $60,000. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Buckle by 42.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,244 shares of the company’s stock worth $78,000 after acquiring an additional 673 shares during the period. 53.93% of the stock is owned by hedge funds and other institutional investors.

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, Reclaim, BKE Vintage, Nova Industries, J.B.