Buckle Inc (NYSE:BKE) fell 8.5% on Thursday . The company traded as low as $19.63 and last traded at $19.66. 866,245 shares traded hands during trading, an increase of 66% from the average session volume of 520,615 shares. The stock had previously closed at $21.49.
A number of equities research analysts have commented on BKE shares. ValuEngine lowered Buckle from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Zacks Investment Research upgraded Buckle from a “hold” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a research report on Monday, August 13th.
The stock has a market cap of $1.13 billion, a P/E ratio of 10.71 and a beta of 0.64.
Buckle (NYSE:BKE) last released its quarterly earnings results on Friday, August 24th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. Buckle had a return on equity of 23.39% and a net margin of 10.53%. The firm had revenue of $201.10 million for the quarter, compared to analyst estimates of $201.82 million. During the same quarter in the previous year, the company posted $0.24 EPS. The business’s revenue was up 2.8% on a year-over-year basis. On average, equities research analysts forecast that Buckle Inc will post 1.89 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 26th. Shareholders of record on Friday, October 12th will be given a $0.25 dividend. The ex-dividend date is Thursday, October 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.05%. Buckle’s dividend payout ratio (DPR) is presently 54.05%.
In other news, Director Michael E. Huss sold 1,688 shares of the business’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $22.63, for a total value of $38,199.44. Following the transaction, the director now directly owns 17,062 shares of the company’s stock, valued at approximately $386,113.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Diane L. Applegate sold 4,000 shares of the business’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $22.50, for a total value of $90,000.00. Following the completion of the transaction, the vice president now directly owns 27,500 shares in the company, valued at $618,750. The disclosure for this sale can be found here. Insiders own 41.80% of the company’s stock.
Large investors have recently made changes to their positions in the company. RK Asset Management LLC bought a new position in Buckle during the third quarter valued at $2,688,000. State of Alaska Department of Revenue grew its holdings in Buckle by 41.1% during the third quarter. State of Alaska Department of Revenue now owns 12,988 shares of the company’s stock valued at $299,000 after purchasing an additional 3,784 shares during the period. United Services Automobile Association grew its holdings in Buckle by 12.3% during the second quarter. United Services Automobile Association now owns 24,742 shares of the company’s stock valued at $666,000 after purchasing an additional 2,719 shares during the period. Northern Trust Corp grew its holdings in Buckle by 3.2% during the second quarter. Northern Trust Corp now owns 370,304 shares of the company’s stock valued at $9,961,000 after purchasing an additional 11,342 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Buckle by 0.6% during the second quarter. Bank of New York Mellon Corp now owns 778,477 shares of the company’s stock valued at $20,941,000 after purchasing an additional 5,006 shares during the period. 69.96% of the stock is currently owned by institutional investors.
Buckle Company Profile (NYSE:BKE)
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, BKE Boutique, Red by BKE, Daytrip denim, Gimmicks, Gilded Intent, Outpost Makers, Departwest, and Veece.
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