Buckle (NYSE:BKE) Posts Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Buckle (NYSE:BKE) released its quarterly earnings data on Friday. The company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.05), Zacks reports. Buckle had a return on equity of 50.88% and a net margin of 17.44%. The company had revenue of $262.50 million for the quarter, compared to analyst estimates of $262.50 million. During the same quarter in the prior year, the company earned $0.86 earnings per share. Buckle’s revenue for the quarter was down 7.0% compared to the same quarter last year.

Buckle Price Performance

BKE opened at $36.73 on Monday. The company’s 50 day moving average price is $37.96 and its two-hundred day moving average price is $39.40. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 8.66 and a beta of 1.24. Buckle has a fifty-two week low of $30.18 and a fifty-two week high of $48.15.

Buckle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 12th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $1.40 annualized dividend and a yield of 3.81%. Buckle’s dividend payout ratio is presently 33.02%.

Analyst Ratings Changes

A number of research firms have weighed in on BKE. UBS Group decreased their target price on shares of Buckle from $34.00 to $32.00 and set a “sell” rating on the stock in a research note on Wednesday, May 15th. StockNews.com raised Buckle from a “hold” rating to a “buy” rating in a report on Monday, April 15th.

About 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, Salvage, Red by BKE, Daytrip, Gimmicks, Gilded Intent, FITZ + EDDI, Willow & Root, Outpost Makers, Departwest, Sterling & Stitch, Reclaim, BKE Vintage, Nova Industries, J.B.