Buckle Inc’s Same Store Sales Numbers Miss Analysts’ Estimates (NYSE:BKE)

Buckle’s (NYSE:BKE) same store sales decreased by 4.1% during the month of January. Buckle’s shares fell by 9% in the first day of trading following the report.

Several brokerages have recently weighed in on BKE. ValuEngine raised Buckle from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Zacks Investment Research raised Buckle from a “sell” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Wednesday, November 1st.

In related news, SVP Brett P. Milkie sold 1,500 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $21.02, for a total transaction of $31,530.00. Following the sale, the senior vice president now owns 32,070 shares in the company, valued at approximately $674,111.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Diane L. Applegate sold 1,200 shares of the company’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $20.84, for a total value of $25,008.00. Following the sale, the vice president now owns 20,500 shares in the company, valued at approximately $427,220. The disclosure for this sale can be found here. In the last three months, insiders sold 4,700 shares of company stock valued at $98,538. Insiders own 41.70% of the company’s stock.

Shares of Buckle (BKE) opened at $20.05 on Thursday. Buckle has a 52-week low of $13.50 and a 52-week high of $25.11. The company has a market capitalization of $1,023.22, a PE ratio of 12.11 and a beta of 1.09.

Buckle (NYSE:BKE) last announced its earnings results on Friday, November 17th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.40 by $0.01. Buckle had a return on equity of 19.13% and a net margin of 9.17%. The company had revenue of $224.30 million for the quarter, compared to analyst estimates of $224.12 million. During the same quarter in the prior year, the company earned $0.49 EPS. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. equities analysts forecast that Buckle will post 1.74 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, January 26th. Shareholders of record on Friday, January 12th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, January 11th. This represents a $1.00 annualized dividend and a yield of 4.99%. Buckle’s payout ratio is currently 57.80%.

Large investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio boosted its holdings in Buckle by 14.2% in the second quarter. Public Employees Retirement System of Ohio now owns 7,983 shares of the company’s stock worth $142,000 after acquiring an additional 995 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in Buckle by 59.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 10,630 shares of the company’s stock worth $179,000 after acquiring an additional 3,980 shares in the last quarter. Voya Investment Management LLC boosted its holdings in Buckle by 17.8% in the second quarter. Voya Investment Management LLC now owns 13,913 shares of the company’s stock worth $248,000 after acquiring an additional 2,102 shares in the last quarter. Unison Advisors LLC bought a new position in Buckle in the fourth quarter worth approximately $335,000. Finally, GSA Capital Partners LLP bought a new position in Buckle in the third quarter worth approximately $265,000. Institutional investors and hedge funds own 59.78% of the company’s stock.

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Buckle 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.

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