The Buckle, Inc. Same Store Sales Increase by 1.8% in May (NYSE:BKE)

Buckle’s (NYSE:BKEFree Report) same store sales increased by 1.8% in the month of May. Buckle’s stock climbed by 0% in the first full-day of trading following the report.

Wall Street Analyst Weigh In

BKE has been the topic of a number of analyst reports. UBS Group cut their price objective on shares of Buckle from $34.00 to $32.00 and set a “sell” rating on the stock in a research report on Wednesday, May 15th. cut shares of Buckle from a “buy” rating to a “hold” rating in a research note on Monday, May 27th.

Get Our Latest Stock Analysis on BKE

Buckle Stock Up 0.8 %

BKE opened at $37.22 on Friday. The business has a fifty day moving average of $37.25 and a 200 day moving average of $39.36. The stock has a market cap of $1.89 billion, a P/E ratio of 8.78 and a beta of 1.18. Buckle has a 52-week low of $30.31 and a 52-week high of $48.15.

Buckle (NYSE:BKEGet Free Report) last issued its earnings results on Friday, May 24th. The company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.05). The company had revenue of $262.50 million for the quarter, compared to analysts’ expectations of $262.50 million. Buckle had a net margin of 17.07% and a return on equity of 48.21%. The firm’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 earnings per share.

Buckle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 12th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date of this dividend is Friday, July 12th. Buckle’s dividend payout ratio (DPR) is presently 33.02%.

Institutional Trading of Buckle

Institutional investors and hedge funds have recently modified their holdings of the stock. Denali Advisors LLC increased its holdings in Buckle by 192.6% during the 4th quarter. Denali Advisors LLC now owns 111,250 shares of the company’s stock worth $5,287,000 after purchasing an additional 73,232 shares during the period. Asset Management One Co. Ltd. purchased a new position in shares of Buckle during the fourth quarter valued at $1,891,000. Pacer Advisors Inc. raised its holdings in shares of Buckle by 33.5% in the fourth quarter. Pacer Advisors Inc. now owns 1,148,796 shares of the company’s stock valued at $54,591,000 after acquiring an additional 288,056 shares in the last quarter. New York State Common Retirement Fund lifted its stake in Buckle by 15.1% in the fourth quarter. New York State Common Retirement Fund now owns 226,544 shares of the company’s stock worth $10,765,000 after acquiring an additional 29,787 shares during the period. Finally, Brandywine Global Investment Management LLC lifted its stake in Buckle by 11.9% in the third quarter. Brandywine Global Investment Management LLC now owns 150,402 shares of the company’s stock worth $5,022,000 after acquiring an additional 16,016 shares during the period. Institutional investors own 53.93% of the company’s stock.

About Buckle

(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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