Buckle (BKE) Expected to Announce Earnings on Friday

Buckle (NYSE:BKE - Get Free Report) is expected to be announcing its earnings results before the market opens on Friday, March 14th. Analysts expect the company to announce earnings of $1.44 per share and revenue of $378.97 million for the quarter. Investors interested in listening to the company's conference call can do so using this link.

Buckle Stock Up 1.3 %

BKE traded up $0.48 during trading on Friday, reaching $38.33. The company's stock had a trading volume of 573,432 shares, compared to its average volume of 482,323. The firm has a fifty day simple moving average of $45.68 and a two-hundred day simple moving average of $45.80. Buckle has a 1 year low of $34.87 and a 1 year high of $54.25. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 9.73 and a beta of 1.17.

Buckle Cuts Dividend

The company also recently declared a special dividend, which was paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th were given a dividend of $2.50 per share. This represents a dividend yield of 2.6%. The ex-dividend date of this dividend was Wednesday, January 15th. Buckle's payout ratio is presently 35.53%.

Insiders Place Their Bets

In other Buckle news, CEO Dennis H. Nelson sold 15,340 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $39.51, for a total value of $606,083.40. Following the completion of the transaction, the chief executive officer now owns 1,663,035 shares in the company, valued at $65,706,512.85. This represents a 0.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Kari G. Smith sold 20,000 shares of the company's stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $52.29, for a total transaction of $1,045,800.00. Following the completion of the transaction, the executive vice president now owns 150,554 shares of the company's stock, valued at $7,872,468.66. This represents a 11.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 119,882 shares of company stock worth $5,621,453 over the last 90 days. Corporate insiders own 39.80% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. UBS Group raised shares of Buckle from a "sell" rating to a "neutral" rating and lifted their price target for the company from $31.00 to $46.00 in a research report on Tuesday, November 12th. StockNews.com lowered Buckle from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th.

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.