The Buckle, Inc. (NYSE:BKE - Get Free Report) shares shot up 3.3% on Friday . The company traded as high as $34.55 and last traded at $35.95. 166,581 shares were traded during trading, a decline of 61% from the average session volume of 432,647 shares. The stock had previously closed at $34.80.
Wall Street Analysts Forecast Growth
BKE has been the subject of a number of analyst reports. StockNews.com lowered Buckle from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. UBS Group lowered their price target on Buckle from $43.00 to $41.00 and set a "neutral" rating on the stock in a report on Tuesday, March 18th.
Read Our Latest Report on Buckle
Buckle Stock Performance
The company has a market capitalization of $1.86 billion, a P/E ratio of 9.25 and a beta of 0.91. The business's fifty day simple moving average is $39.63 and its 200-day simple moving average is $44.85.
Buckle (NYSE:BKE - Get Free Report) last posted its earnings results on Friday, March 14th. The company reported $1.53 EPS for the quarter, topping analysts' consensus estimates of $1.44 by $0.09. Buckle had a return on equity of 44.11% and a net margin of 16.21%. The company had revenue of $379.20 million for the quarter, compared to the consensus estimate of $378.97 million. During the same period in the previous year, the business earned $1.59 earnings per share. The firm's revenue for the quarter was down .8% on a year-over-year basis.
Buckle Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.40 annualized dividend and a yield of 3.84%. Buckle's dividend payout ratio (DPR) is currently 36.08%.
Insiders Place Their Bets
In related news, CEO Dennis H. Nelson sold 20,453 shares of Buckle stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $40.86, for a total value of $835,709.58. Following the completion of the transaction, the chief executive officer now owns 1,678,375 shares in the company, valued at approximately $68,578,402.50. This trade represents a 1.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold 71,816 shares of company stock valued at $2,898,120 in the last three months. Corporate insiders own 39.80% of the company's stock.
Hedge Funds Weigh In On Buckle
A number of institutional investors and hedge funds have recently modified their holdings of BKE. SBI Securities Co. Ltd. bought a new stake in Buckle in the fourth quarter worth $31,000. Caption Management LLC purchased a new position in shares of Buckle during the 4th quarter worth about $36,000. Smartleaf Asset Management LLC grew its holdings in Buckle by 268.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 825 shares of the company's stock valued at $42,000 after purchasing an additional 601 shares during the last quarter. Bellwether Advisors LLC purchased a new stake in Buckle in the 4th quarter worth about $43,000. Finally, Quarry LP lifted its stake in Buckle by 60.9% in the third quarter. Quarry LP now owns 938 shares of the company's stock worth $41,000 after purchasing an additional 355 shares during the last quarter. Hedge funds and other institutional investors own 53.93% of the company's stock.
Buckle Company Profile
(
Get Free Report)
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.
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