Buckle, Inc. (The)’s October Same Store Sales Numbers Miss Analysts’ Expectations, Stock Rises by 5.8% (NYSE:BKE)
Buckle, Inc. (The)’s (NYSE:BKE) same-store sales fell 7% during the month of October. Buckle, Inc. (The)’s stock rose by 5.8% in the first full-day of trading following the news.
A number of equities research analysts have recently commented on BKE shares. Zacks Investment Research cut shares of Buckle, Inc. (The) from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 5th. BidaskClub cut shares of Buckle, Inc. (The) from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. ValuEngine raised shares of Buckle, Inc. (The) from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Deutsche Bank AG reduced their target price on shares of Buckle, Inc. (The) from $15.00 to $13.00 and set a “sell” rating for the company in a report on Friday, August 18th.
In other news, VP Kyle Hanson sold 4,100 shares of the business’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $15.95, for a total transaction of $65,395.00. Following the transaction, the vice president now directly owns 24,900 shares in the company, valued at $397,155. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 41.70% of the company’s stock.
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Buckle, Inc. (The) (NYSE:BKE) last issued its quarterly earnings data on Thursday, August 17th. The company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The firm had revenue of $195.65 million for the quarter, compared to the consensus estimate of $195.97 million. Buckle, Inc. (The) had a net margin of 9.40% and a return on equity of 19.96%. Buckle, Inc. (The)’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same period last year, the firm posted $0.32 EPS.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 13th were given a $0.25 dividend. The ex-dividend date was Thursday, October 12th. This represents a $1.00 annualized dividend and a yield of 6.08%. Buckle, Inc. (The)’s dividend payout ratio is presently 55.56%.
Large investors have recently modified their holdings of the stock. Leucadia National Corp bought a new stake in Buckle, Inc. (The) in the 2nd quarter valued at about $181,000. State Street Corp lifted its position in Buckle, Inc. (The) by 28.5% in the 1st quarter. State Street Corp now owns 1,046,933 shares of the company’s stock valued at $19,468,000 after purchasing an additional 232,335 shares during the last quarter. Adams Asset Advisors LLC lifted its position in Buckle, Inc. (The) by 36.3% in the 3rd quarter. Adams Asset Advisors LLC now owns 74,596 shares of the company’s stock valued at $1,256,000 after purchasing an additional 19,861 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Buckle, Inc. (The) by 0.5% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 690,566 shares of the company’s stock valued at $12,291,000 after purchasing an additional 3,636 shares during the last quarter. Finally, South Dakota Investment Council lifted its position in Buckle, Inc. (The) by 14.7% in the 2nd quarter. South Dakota Investment Council now owns 233,500 shares of the company’s stock valued at $4,156,000 after purchasing an additional 30,000 shares during the last quarter. Hedge funds and other institutional investors own 59.69% of the company’s stock.
About Buckle, Inc. (The)
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.
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