Buckle, Inc. (The) (NYSE:BKE) announced a quarterly dividend on Wednesday, December 6th, Wall Street Journal reports. Investors of record on Friday, January 12th will be paid a dividend of 0.25 per share on Friday, January 26th. This represents a $1.00 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date is Thursday, January 11th.

Buckle has increased its dividend by an average of 18.6% annually over the last three years and has increased its dividend every year for the last 3 years. Buckle has a payout ratio of 58.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Buckle to earn $1.40 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 71.4%.

Shares of Buckle (NYSE BKE) traded down $0.05 on Wednesday, reaching $21.70. The company had a trading volume of 827,300 shares, compared to its average volume of 555,472. The company has a market capitalization of $1,062.37, a P/E ratio of 12.57 and a beta of 1.10. Buckle has a 12 month low of $13.50 and a 12 month high of $27.10.

Buckle (NYSE:BKE) last issued its quarterly earnings results on Friday, November 17th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. The company had revenue of $224.30 million during the quarter, compared to the consensus estimate of $224.12 million. Buckle had a return on equity of 19.13% and a net margin of 9.17%. Buckle’s revenue was down 6.2% on a year-over-year basis. During the same period last year, the company earned $0.49 earnings per share. sell-side analysts predict that Buckle will post 1.7 EPS for the current fiscal year.

In other news, SVP Brett P. Milkie sold 1,500 shares of Buckle stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $21.02, for a total transaction of $31,530.00. Following the completion of the sale, the senior vice president now directly owns 32,070 shares in the company, valued at $674,111.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert Erle Campbell sold 2,000 shares of Buckle stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $21.00, for a total value of $42,000.00. Following the completion of the sale, the director now owns 31,964 shares of the company’s stock, valued at $671,244. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,600 shares of company stock valued at $138,925. Corporate insiders own 41.70% of the company’s stock.

BKE has been the subject of several research analyst reports. Zacks Investment Research upgraded Buckle from a “sell” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Wednesday, November 1st. ValuEngine upgraded Buckle from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Deutsche Bank decreased their target price on Buckle from $15.00 to $13.00 and set a “sell” rating for the company in a research report on Friday, August 18th. Finally, BidaskClub downgraded Buckle from a “hold” rating to a “sell” rating in a research report on Monday, August 14th.

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About Buckle

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.

Dividend History for Buckle (NYSE:BKE)

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