Buckle (NYSE:BKE – Get Free Report) posted its quarterly earnings data on Friday. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.81 by $0.06, Briefing.com reports. Buckle had a net margin of 16.85% and a return on equity of 47.35%. During the same quarter last year, the business earned $0.89 earnings per share. Buckle’s revenue was up 4.6% compared to the same quarter last year.
Buckle Trading Down 1.7%
NYSE BKE opened at $42.51 on Friday. The company has a fifty day simple moving average of $43.64 and a two-hundred day simple moving average of $48.42. The stock has a market cap of $2.19 billion, a P/E ratio of 9.75 and a beta of 1.10. Buckle has a 12-month low of $40.73 and a 12-month high of $61.69.
Buckle Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Wednesday, July 15th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Wednesday, July 15th. Buckle’s dividend payout ratio is currently 32.11%.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on BKE
Insider Buying and Selling at Buckle
In related news, Director Bill L. Fairfield sold 2,500 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $44.44, for a total transaction of $111,100.00. Following the sale, the director directly owned 52,908 shares of the company’s stock, valued at $2,351,231.52. This trade represents a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 38.40% of the company’s stock.
Institutional Trading of Buckle
Several institutional investors have recently modified their holdings of BKE. Glenmede Investment Management LP boosted its holdings in shares of Buckle by 3.8% in the third quarter. Glenmede Investment Management LP now owns 7,477 shares of the company’s stock valued at $439,000 after acquiring an additional 277 shares during the period. Thrivent Financial for Lutherans raised its position in Buckle by 1.4% in the 2nd quarter. Thrivent Financial for Lutherans now owns 22,342 shares of the company’s stock valued at $1,013,000 after purchasing an additional 314 shares during the last quarter. Vident Advisory LLC boosted its stake in Buckle by 2.1% during the 4th quarter. Vident Advisory LLC now owns 14,982 shares of the company’s stock worth $800,000 after purchasing an additional 315 shares during the period. Aviva PLC grew its position in Buckle by 5.4% during the 4th quarter. Aviva PLC now owns 8,637 shares of the company’s stock worth $461,000 after purchasing an additional 440 shares during the last quarter. Finally, Swiss National Bank grew its position in Buckle by 0.8% during the 3rd quarter. Swiss National Bank now owns 59,500 shares of the company’s stock worth $3,490,000 after purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 53.93% of the company’s stock.
About Buckle
Buckle, Inc is a retailer specializing in casual apparel, footwear and accessories for young men and women. The company is known for its denim-focused collections, offering both private-label lines and curated brand-name merchandise. Its product assortment includes jeans, tops, outerwear, shoes and a variety of accessories such as belts, jewelry and handbags, all aimed at blending contemporary style with everyday comfort.
Founded in 1948 in Kearney, Nebraska, Buckle began as a single clothing store and has since expanded into a nationwide chain.
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