Buckle (NYSE:BKE) Issues Earnings Results

Buckle (NYSE:BKE - Get Free Report) posted its quarterly earnings results on Friday. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.44 by $0.09, Zacks reports. The business had revenue of $379.20 million during the quarter, compared to analysts' expectations of $378.97 million. Buckle had a net margin of 16.21% and a return on equity of 44.11%. The business's quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the company posted $1.59 earnings per share.

Buckle Stock Performance

Shares of Buckle stock traded up $0.55 during trading on Tuesday, hitting $37.69. 760,966 shares of the company's stock were exchanged, compared to its average volume of 393,653. The business has a 50-day simple moving average of $43.94 and a 200-day simple moving average of $45.58. Buckle has a 52-week low of $34.67 and a 52-week high of $54.25. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 9.57 and a beta of 1.17.

Insider Buying and Selling

In related news, CEO Dennis H. Nelson sold 15,340 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $39.51, for a total transaction of $606,083.40. Following the completion of the transaction, the chief executive officer now owns 1,663,035 shares of the company's stock, valued at $65,706,512.85. This trade represents a 0.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 76,929 shares of company stock valued at $3,395,733 over the last 90 days. Insiders own 39.80% of the company's stock.

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Analysts Set New Price Targets

A number of research analysts have issued reports on BKE shares. UBS Group decreased their price target on shares of Buckle from $43.00 to $41.00 and set a "neutral" rating for the company in a report on Tuesday. StockNews.com cut shares of Buckle from a "buy" rating to a "hold" rating in a 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.