Buckle (NYSE:BKE) Issues Quarterly Earnings Results

Buckle (NYSE:BKE) announced its quarterly earnings data on Friday. The company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.05), Zacks reports. The firm had revenue of $262.50 million during the quarter, compared to the consensus estimate of $262.50 million. Buckle had a return on equity of 48.21% and a net margin of 17.07%. The firm’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.86 EPS.

Buckle Price Performance

Shares of BKE stock opened at $36.73 on Monday. The company has a market capitalization of $1.87 billion, a P/E ratio of 8.66 and a beta of 1.24. The company’s 50-day simple moving average is $37.96 and its two-hundred day simple moving average is $39.40. Buckle has a one year low of $30.18 and a one year high of $48.15.

Buckle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 12th were given a $0.35 dividend. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $1.40 annualized dividend and a yield of 3.81%. Buckle’s dividend payout ratio (DPR) is 33.02%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BKE. StockNews.com raised Buckle from a “hold” rating to a “buy” rating in a research note on Monday, April 15th. UBS Group reduced their target price on Buckle from $34.00 to $32.00 and set a “sell” rating on the stock in a research note on Wednesday, May 15th.

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.