Q3 2017 EPS Estimates for Buckle Inc. (BKE) Cut by KeyCorp
Buckle Inc. (NYSE:BKE) – Stock analysts at KeyCorp dropped their Q3 2017 earnings per share estimates for Buckle in a research report issued on Friday. KeyCorp analyst J. Schmidt now anticipates that the brokerage will post earnings per share of $0.57 for the quarter, down from their previous forecast of $0.61. KeyCorp has a “Equal Weight” rating on the stock. KeyCorp also issued estimates for Buckle’s Q4 2017 earnings at $0.96 EPS, FY2017 earnings at $2.33 EPS, Q1 2018 earnings at $0.46 EPS, Q3 2018 earnings at $0.57 EPS, Q4 2018 earnings at $0.98 EPS and FY2018 earnings at $2.33 EPS.
Buckle (NYSE:BKE) last posted its earnings results on Friday, August 19th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by $0.04. The business had revenue of $212.20 million for the quarter. Buckle had a net margin of 12.06% and a return on equity of 30.53%. Buckle’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.49 EPS.
BKE has been the topic of a number of other reports. Zacks Investment Research raised shares of Buckle from a “strong sell” rating to a “hold” rating in a research report on Monday, July 25th. Deutsche Bank AG reissued a “sell” rating and issued a $22.00 price objective on shares of Buckle in a research report on Tuesday, July 5th. Finally, Wedbush reissued a “neutral” rating and issued a $21.00 price objective (down from $22.00) on shares of Buckle in a research report on Sunday, September 4th. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $29.80.
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Buckle (NYSE:BKE) opened at 21.20 on Monday. Buckle has a 52-week low of $20.85 and a 52-week high of $36.73. The firm has a market capitalization of $1.02 billion, a P/E ratio of 7.92 and a beta of 1.20. The company’s 50-day moving average is $24.86 and its 200-day moving average is $26.60.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. AMP Capital Investors Ltd increased its position in shares of Buckle by 80.1% in the first quarter. AMP Capital Investors Ltd now owns 30,576 shares of the company’s stock valued at $1,040,000 after buying an additional 13,600 shares during the last quarter. Summit Street Capital Management LLC increased its position in shares of Buckle by 26.7% in the first quarter. Summit Street Capital Management LLC now owns 71,084 shares of the company’s stock valued at $2,408,000 after buying an additional 14,975 shares during the last quarter. Kennedy Capital Management Inc. increased its position in shares of Buckle by 36.4% in the first quarter. Kennedy Capital Management Inc. now owns 156,875 shares of the company’s stock valued at $5,313,000 after buying an additional 41,848 shares during the last quarter. UBS Group AG increased its position in shares of Buckle by 5.1% in the first quarter. UBS Group AG now owns 96,367 shares of the company’s stock valued at $3,264,000 after buying an additional 4,683 shares during the last quarter. Finally, Zebra Capital Management LLC increased its position in shares of Buckle by 104.9% in the first quarter. Zebra Capital Management LLC now owns 58,748 shares of the company’s stock valued at $1,990,000 after buying an additional 30,080 shares during the last quarter. 65.35% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP Kyle Hanson sold 1,000 shares of the stock in a transaction on Tuesday, July 19th. The shares were sold at an average price of $26.25, for a total value of $26,250.00. Following the transaction, the vice president now directly owns 25,400 shares of the company’s stock, valued at approximately $666,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Kelli D. Molczyk sold 4,000 shares of the stock in a transaction on Wednesday, July 13th. The shares were sold at an average price of $26.71, for a total transaction of $106,840.00. Following the completion of the transaction, the vice president now directly owns 21,163 shares in the company, valued at $565,263.73. The disclosure for this sale can be found here. 41.80% of the stock is currently owned by corporate insiders.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 27th. Investors of record on Friday, October 14th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date of this dividend is Wednesday, October 12th. Buckle’s dividend payout ratio (DPR) is 37.45%.
The Buckle, Inc is a retailer of casual apparel, footwear and accessories for young men and women. The Company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear. The Company provides customer services, such as free hemming, free gift-wrapping, easy layaways, the Buckle private label credit card, and a frequent shopper program.
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