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

Buckle, Inc. (The) (NYSE:BKE) announced a quarterly dividend on Monday, June 1st. Stockholders of record on Wednesday, July 15th will be paid a dividend of 0.35 per share on Wednesday, July 29th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, July 15th.

Buckle has raised its dividend by an average of 0.1%per year over the last three years. Buckle has a payout ratio of 37.3% indicating that its dividend is sufficiently covered by earnings.

Buckle Stock Up 1.5%

Shares of Buckle stock traded up $0.63 during trading on Tuesday, reaching $44.31. The company’s stock had a trading volume of 649,576 shares, compared to its average volume of 470,558. Buckle has a 52-week low of $42.09 and a 52-week high of $61.69. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 10.16 and a beta of 1.16. The firm’s 50-day moving average is $51.55 and its two-hundred day moving average is $52.89.

Buckle (NYSE:BKE) last announced its quarterly earnings data on Friday, May 29th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.18. Buckle had a net margin of 16.85% and a return on equity of 47.35%. The company had revenue of $288.74 million during the quarter, compared to analysts’ expectations of $287.68 million. During the same quarter in the prior year, the company earned $0.70 EPS. The firm’s revenue was up 6.1% on a year-over-year basis.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BKE. UBS Group cut their price objective on shares of Buckle from $52.00 to $47.00 and set a “neutral” rating for the company in a research note on Monday. Weiss Ratings lowered shares of Buckle from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Finally, Wall Street Zen lowered shares of Buckle from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, Buckle presently has a consensus rating of “Hold” and an average target price of $47.00.

Buckle Company Profile

Buckle, Inc is a retailer specializing in casual apparel, footwear and accessories for young men and women. The company is known for its denim-focused collections, offering both private-label lines and curated brand-name merchandise. Its product assortment includes jeans, tops, outerwear, shoes and a variety of accessories such as belts, jewelry and handbags, all aimed at blending contemporary style with everyday comfort.

Founded in 1948 in Kearney, Nebraska, Buckle began as a single clothing store and has since expanded into a nationwide chain.