Buckle Inc. (BKE) Plans Quarterly Dividend of $0.20
Buckle (NYSE:BKE) declared a quarterly dividend on Tuesday, September 17th, Analyst Ratings Network.com reports. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.20 per share on Friday, October 25th. This represents a $0.80 dividend on an annualized basis and a yield of 1.50%.
A number of analysts have recently weighed in on BKE shares. Analysts at Nomura initiated coverage on shares of Buckle (NYSE:BKE) in a research note to investors on Monday, September 9th. They set a “neutral” rating and a $50.00 price target on the stock. On the ratings front, analysts at KeyCorp raised their price target on shares of Buckle (NYSE:BKE) from $39.00 to $42.00 in a research note to investors on Friday, August 23rd. They now have an “underweight” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Buckle (NYSE:BKE) in a research note to investors on Thursday, June 27th. They now have a $50.00 price target on the stock, up previously from $46.00.
Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Buckle has a consensus rating of “Hold” and a consensus price target of $48.83.
Buckle (NYSE:BKE) traded up 0.39% during mid-day trading on Tuesday, hitting $53.69. The stock had a trading volume of 79,949 shares. Buckle has a 1-year low of $41.50 and a 1-year high of $57.68. The stock’s 50-day moving average is $53.58 and its 200-day moving average is $51.51. The company has a market cap of $2.561 billion and a price-to-earnings ratio of 15.43.
Buckle (NYSE:BKE) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. The company had revenue of $232.50 million for the quarter, compared to the consensus estimate of $231.52 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, analysts predict that Buckle will post $3.52 earnings per share for the current fiscal year.
The Buckle, Inc is a retailer of casual apparel, footwear, and accessories for men and women. As of January 28, 2012, the Company operated 431 retail stores in 43 states throughout the United States under the names Buckle and The Buckle.
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