Buckle (NYSE:BKE) announced its earnings results on Friday, November 17th. The company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.01, Briefing.com reports. The company had revenue of $224.30 million during the quarter, compared to analyst estimates of $224.12 million. Buckle had a net margin of 9.17% and a return on equity of 19.13%. Buckle’s revenue was down 6.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.49 earnings per share.
Buckle (BKE) traded up $0.20 during midday trading on Monday, hitting $21.75. 946,034 shares of the stock traded hands, compared to its average volume of 554,305. Buckle has a twelve month low of $13.50 and a twelve month high of $27.10. The stock has a market capitalization of $1,060.00, a price-to-earnings ratio of 12.46 and a beta of 1.10.
In related news, Director Robert Erle Campbell sold 2,000 shares of Buckle stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $21.00, for a total value of $42,000.00. Following the completion of the transaction, the director now owns 31,964 shares in the company, valued at $671,244. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kyle Hanson sold 4,100 shares of Buckle stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $15.95, for a total transaction of $65,395.00. Following the completion of the transaction, the vice president now owns 24,900 shares of the company’s stock, valued at approximately $397,155. The disclosure for this sale can be found here. In the last three months, insiders sold 7,600 shares of company stock valued at $138,925. Insiders own 41.70% of the company’s stock.
Several brokerages have weighed in on BKE. ValuEngine raised shares of Buckle from a “buy” rating to a “strong-buy” rating in a research note on Friday. Zacks Investment Research raised shares of Buckle from a “sell” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Wednesday, November 1st. Deutsche Bank lowered their target price on shares of Buckle from $15.00 to $13.00 and set a “sell” rating for the company in a research note on Friday, August 18th. Finally, BidaskClub lowered shares of Buckle from a “hold” rating to a “sell” rating in a research note on Monday, August 14th.
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The Buckle, Inc is a retailer of casual apparel, footwear and accessories for young men and women. As of January 28, 2017, the Company operated 467 retail stores in 44 states throughout the United States under the names Buckle and The Buckle. The Company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear.
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