The Buckle (BKE) Posts Quarterly Results
The Buckle (NYSE:BKE) announced its earnings results on Thursday. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by $0.02, Analyst Ratings News reports. The company had revenue of $235.70 million for the quarter, compared to the consensus estimate of $253.13 million. During the same quarter in the previous year, the company posted $0.52 earnings per share.
Shares of The Buckle (NYSE:BKE) opened at 47.08 on Thursday. The Buckle has a one year low of $41.45 and a one year high of $53.4713. The stock has a 50-day moving average of $44.84 and a 200-day moving average of $45.22. The company has a market cap of $2.255 billion and a P/E ratio of 13.84.
On a related note, analysts at CRT Capital reiterated a “fair value” rating on shares of The Buckle in a research note on Friday, May 23rd. They now have a $49.00 price target on the stock. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. The Buckle presently has a consensus rating of “Hold” and an average price target of $46.00.
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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