Buckle, Inc. (The)’s (NYSE:BKE) same store sales decreased by 5.7% in the month of September. Buckle, Inc. (The)’s stock climbed by 5.8% in the first day of trading following the report.

Several research analysts have recently weighed in on the company. BidaskClub cut Buckle, Inc. (The) from a “hold” rating to a “sell” rating in a report on Monday, August 14th. ValuEngine upgraded Buckle, Inc. (The) from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Deutsche Bank AG upgraded Buckle, Inc. (The) from a “sell” rating to a “hold” rating and upped their price objective for the company from $15.00 to $16.00 in a report on Tuesday, July 4th. Finally, Zacks Investment Research cut Buckle, Inc. (The) from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 5th.

ILLEGAL ACTIVITY WARNING: This story was first reported by American Banking News and is the property of of American Banking News. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of US & international copyright legislation. The correct version of this story can be read at https://www.americanbankingnews.com/2017/10/05/buckle-inc-the-shares-rise-5-8-following-same-store-sales-report-nysebke.html.

Shares of Buckle, Inc. (NYSE:BKE) traded up 5.81% during midday trading on Thursday, hitting $17.30. 475,915 shares of the stock traded hands. The stock has a market cap of $834.17 million, a price-to-earnings ratio of 9.62 and a beta of 0.92. Buckle, Inc. has a one year low of $13.50 and a one year high of $27.10. The firm has a 50-day moving average price of $15.25 and a 200 day moving average price of $16.93.

Buckle, Inc. (The) (NYSE:BKE) last released its quarterly earnings data on Thursday, August 17th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.01. Buckle, Inc. (The) had a net margin of 9.40% and a return on equity of 19.96%. The business had revenue of $195.65 million for the quarter, compared to analyst estimates of $195.97 million. During the same quarter last year, the firm earned $0.32 EPS. Buckle, Inc. (The)’s quarterly revenue was down 7.8% compared to the same quarter last year. Analysts anticipate that Buckle, Inc. will post $1.61 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 13th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.00 annualized dividend and a yield of 5.78%. Buckle, Inc. (The)’s dividend payout ratio (DPR) is currently 55.56%.

A number of hedge funds have recently made changes to their positions in BKE. Public Employees Retirement System of Ohio raised its holdings in shares of Buckle, Inc. (The) by 14.2% in the second quarter. Public Employees Retirement System of Ohio now owns 7,983 shares of the company’s stock valued at $142,000 after purchasing an additional 995 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Buckle, Inc. (The) by 4.8% in the second quarter. The Manufacturers Life Insurance Company now owns 34,224 shares of the company’s stock valued at $609,000 after purchasing an additional 1,579 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of Buckle, Inc. (The) by 0.3% in the second quarter. HighTower Advisors LLC now owns 67,280 shares of the company’s stock valued at $1,197,000 after purchasing an additional 210 shares during the last quarter. Voya Investment Management LLC raised its holdings in shares of Buckle, Inc. (The) by 17.8% in the second quarter. Voya Investment Management LLC now owns 13,913 shares of the company’s stock valued at $248,000 after purchasing an additional 2,102 shares during the last quarter. Finally, Sprucegrove Investment Management Ltd. raised its holdings in shares of Buckle, Inc. (The) by 4.6% in the second quarter. Sprucegrove Investment Management Ltd. now owns 441,600 shares of the company’s stock valued at $7,860,000 after purchasing an additional 19,300 shares during the last quarter. Hedge funds and other institutional investors own 59.45% of the company’s stock.

Buckle, Inc. (The) Company Profile

The Buckle, Inc is a retailer of casual apparel, footwear and accessories for young men and women. As of January 28, 2017, the Company operated 467 retail stores in 44 states throughout the United States under the names Buckle and The Buckle. The Company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear.

Receive News & Ratings for Buckle Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Buckle Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.