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

Buckle (NYSE:BKE) issued its 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. Buckle had a net margin of 16.69% and a return on equity of 46.17%. The firm had revenue of $293.60 million during the quarter, compared to analyst estimates of $293.60 million. During the same quarter last year, the business posted $1.04 earnings per share. The company’s revenue for the quarter was down 3.3% on a year-over-year basis.

Buckle Stock Up 2.6 %

Buckle stock opened at $48.89 on Friday. The stock has a market cap of $2.48 billion, a P/E ratio of 11.92 and a beta of 1.14. Buckle has a twelve month low of $34.87 and a twelve month high of $49.78. The company’s 50-day moving average price is $44.17 and its two-hundred day moving average price is $40.86.

Buckle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.40 annualized dividend and a yield of 2.86%. Buckle’s dividend payout ratio is currently 34.15%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Buckle

In other news, SVP Brett P. Milkie sold 16,000 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $41.35, for a total transaction of $661,600.00. Following the transaction, the senior vice president now directly owns 80,170 shares of the company’s stock, valued at approximately $3,315,029.50. This trade represents a 16.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dennis H. Nelson sold 20,453 shares of Buckle stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $42.90, for a total transaction of $877,433.70. Following the completion of the transaction, the chief executive officer now directly owns 1,822,546 shares in the company, valued at $78,187,223.40. This trade represents a 1.11 % decrease in their ownership of the stock. 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 three months. 39.80% of the stock is currently owned by company insiders.

Buckle Company Profile

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.