The Buckle (NYSE:BKE) Releases Earnings Results, Beats Expectations By $0.30 EPS


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The Buckle (NYSE:BKE) released its earnings results on Thursday. The company reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.30, MarketWatch Earnings reports. The Buckle had a net margin of 11.60% and a return on equity of 23.98%.

Shares of BKE stock opened at $27.81 on Monday. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 14.19 and a beta of 1.22. The stock has a 50 day simple moving average of $24.72 and a 200-day simple moving average of $18.91. The Buckle has a 1-year low of $11.76 and a 1-year high of $31.20.

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Stockholders of record on Thursday, October 15th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.31%. The ex-dividend date was Wednesday, October 14th. The Buckle’s payout ratio is 56.07%.

Several equities analysts have issued reports on the stock. TheStreet upgraded shares of The Buckle from a “c+” rating to a “b” rating in a research note on Friday, September 11th. ValuEngine upgraded shares of The Buckle from a “sell” rating to a “hold” rating in a research note on Tuesday, November 10th. Finally, Zacks Investment Research upgraded shares of The Buckle from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Wednesday, November 11th.

In related news, VP Kelli D. Molczyk sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $23.47, for a total transaction of $117,350.00. Following the completion of the sale, the vice president now directly owns 44,163 shares in the company, valued at $1,036,505.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 41.90% of the stock is currently owned by insiders.

About The Buckle

The Buckle, Inc operates as a retailer of casual apparel, footwear, and accessories for young men and women in the United States. It markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear, as well as private label merchandise primarily comprising BKE, Buckle Black, BKE Boutique, Red by BKE, Daytrip denim, Gimmicks, Gilded Intent, FITZ + EDDI, Outpost Makers, Departwest, and Veece.

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Earnings History for The Buckle (NYSE:BKE)

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