The Buckle, Inc. to Issue Quarterly Dividend of $0.35 (NYSE:BKE)

The Buckle, Inc. (NYSE:BKE - Get Free Report) announced a quarterly dividend on Tuesday, March 25th, RTT News reports. Stockholders of record on Tuesday, April 15th will be given a dividend of 0.35 per share on Tuesday, April 29th. This represents a $1.40 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Tuesday, April 15th.

Buckle has raised its dividend by an average of 1.5% annually over the last three years. Buckle has a dividend payout ratio of 35.4% indicating that its dividend is sufficiently covered by earnings.

Buckle Stock Down 3.4 %

BKE traded down $1.33 during trading on Friday, hitting $37.93. 742,247 shares of the stock were exchanged, compared to its average volume of 429,264. The firm has a market capitalization of $1.93 billion, a P/E ratio of 9.63 and a beta of 1.17. Buckle has a 1-year low of $34.67 and a 1-year high of $54.25. The stock has a fifty day moving average price of $41.98 and a two-hundred day moving average price of $45.37.

Buckle (NYSE:BKE - Get Free Report) last released its quarterly earnings results on Friday, March 14th. The company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.44 by $0.09. Buckle had a net margin of 16.21% and a return on equity of 44.11%. The firm had revenue of $379.20 million during the quarter, compared to the consensus estimate of $378.97 million. During the same quarter in the prior year, the firm earned $1.59 EPS. Buckle's revenue for the quarter was down .8% on a year-over-year basis.

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Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. StockNews.com downgraded shares of Buckle from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. UBS Group decreased their price objective on Buckle from $43.00 to $41.00 and set a "neutral" rating for the company in a research report on Tuesday, March 18th.

Insider Buying and Selling

In related news, CEO Dennis H. Nelson sold 20,453 shares of Buckle stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $43.42, for a total transaction of $888,069.26. Following the completion of the transaction, the chief executive officer now directly owns 1,698,828 shares of the company's stock, valued at approximately $73,763,111.76. The trade was a 1.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 92,269 shares of company stock valued at $3,952,882. Corporate insiders own 39.80% of the company's stock.

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.