Buckle (NYSE:BKE) Posts Earnings Results, Misses Expectations By $0.01 EPS

Buckle (NYSE:BKE) posted its quarterly earnings results on Friday. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.01), Briefing.com reports. The firm had revenue of $293.60 million for the quarter, compared to analyst estimates of $293.60 million. Buckle had a net margin of 16.69% and a return on equity of 46.17%. The business’s revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.04 earnings per share.

Buckle Stock Performance

Shares of BKE opened at $48.86 on Friday. The firm has a fifty day moving average of $44.17 and a 200-day moving average of $40.88. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 11.92 and a beta of 1.14. Buckle has a 1 year low of $34.87 and a 1 year high of $49.78.

Buckle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date was Friday, October 11th. Buckle’s payout ratio is 34.15%.

Insider Buying and Selling

In other Buckle news, CEO Dennis H. Nelson sold 24,666 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $42.44, for a total value of $1,046,825.04. Following the completion of the transaction, the chief executive officer now owns 1,924,811 shares in the company, valued at approximately $81,688,978.84. This represents a 1.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Brett P. Milkie sold 16,000 shares of Buckle stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $41.35, for a total value of $661,600.00. Following the sale, the senior vice president now directly owns 80,170 shares in the company, valued at approximately $3,315,029.50. This trade represents a 16.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 142,931 shares of company stock valued at $6,080,458 in the last quarter. Company insiders own 39.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. StockNews.com raised shares of Buckle from a “hold” rating to a “buy” rating in a report on Monday, November 18th. UBS Group upgraded Buckle from a “sell” rating to a “neutral” rating and lifted their target price for the company from $31.00 to $46.00 in a research note on Tuesday, November 12th.

About Buckle

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.