Buckle (NYSE:BKE) announced its earnings results on Friday. The company reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.13, Briefing.com reports. Buckle had a return on equity of 19.13% and a net margin of 9.17%. The business had revenue of $281.20 million for the quarter, compared to analyst estimates of $280.04 million. During the same quarter last year, the firm earned $0.74 EPS. Buckle’s revenue for the quarter was up .4% compared to the same quarter last year.
Shares of Buckle (NYSE:BKE) traded up $1.25 during trading on Friday, reaching $19.50. The company had a trading volume of 1,983,303 shares, compared to its average volume of 519,358. Buckle has a 1-year low of $13.50 and a 1-year high of $25.11. The firm has a market cap of $952.40, a price-to-earnings ratio of 10.48 and a beta of 0.86.
In related news, VP Diane L. Applegate sold 1,200 shares of Buckle stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $20.84, for a total value of $25,008.00. Following the sale, the vice president now owns 20,500 shares of the company’s stock, valued at approximately $427,220. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 41.70% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in BKE. Voya Investment Management LLC grew its stake in Buckle by 17.8% in the second quarter. Voya Investment Management LLC now owns 13,913 shares of the company’s stock valued at $248,000 after purchasing an additional 2,102 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Buckle by 4.8% in the second quarter. The Manufacturers Life Insurance Company now owns 34,224 shares of the company’s stock valued at $609,000 after purchasing an additional 1,579 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in Buckle by 14.2% in the second quarter. Public Employees Retirement System of Ohio now owns 7,983 shares of the company’s stock valued at $142,000 after purchasing an additional 995 shares in the last quarter. Nationwide Fund Advisors grew its stake in Buckle by 63.6% in the third quarter. Nationwide Fund Advisors now owns 27,000 shares of the company’s stock valued at $455,000 after purchasing an additional 10,500 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in Buckle by 29.4% in the third quarter. First Trust Advisors LP now owns 149,559 shares of the company’s stock valued at $2,520,000 after purchasing an additional 33,970 shares in the last quarter. 64.93% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently issued reports on the company. ValuEngine raised Buckle from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Zacks Investment Research lowered Buckle from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 6th.
TRADEMARK VIOLATION WARNING: “Buckle (BKE) Announces Earnings Results, Beats Expectations By $0.13 EPS” was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this piece of content can be read at https://www.dispatchtribunal.com/2018/03/18/buckle-bke-announces-earnings-results-beats-expectations-by-0-13-eps.html.
Buckle Company Profile
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.
Receive News & Ratings for Buckle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Buckle and related companies with MarketBeat.com's FREE daily email newsletter.