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

Buckle, Inc. (The) (NYSE:BKE) declared a quarterly dividend on Monday, March 23rd. Investors of record on Wednesday, April 15th will be given a dividend of 0.35 per share on Wednesday, April 29th. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Wednesday, April 15th.

Buckle has raised its dividend by an average of 0.1%annually over the last three years. Buckle has a payout ratio of 37.3% meaning its dividend is sufficiently covered by earnings.

Buckle Stock Up 0.2%

Shares of NYSE:BKE traded up $0.08 during trading on Tuesday, hitting $50.10. The stock had a trading volume of 413,703 shares, compared to its average volume of 509,211. The company has a market capitalization of $2.56 billion, a PE ratio of 12.10 and a beta of 1.17. The firm’s fifty day moving average is $51.66 and its 200 day moving average is $54.78. Buckle has a 12 month low of $33.12 and a 12 month high of $61.69.

Buckle (NYSE:BKE) last issued its quarterly earnings results on Friday, March 13th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.08. The company had revenue of $399.14 million during the quarter, compared to analyst estimates of $396.45 million. Buckle had a net margin of 16.16% and a return on equity of 45.18%. Buckle’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the business earned $1.53 EPS.

Wall Street Analyst Weigh In

Several research firms have issued reports on BKE. Weiss Ratings upgraded shares of Buckle from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. UBS Group decreased their price objective on shares of Buckle from $55.00 to $53.00 and set a “neutral” rating for the company in a report on Monday, March 16th. Finally, Wall Street Zen upgraded shares of Buckle from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Buckle presently has an average rating of “Moderate Buy” and a consensus target price of $53.00.

About Buckle

Buckle, Inc is a retailer specializing in casual apparel, footwear and accessories for young men and women. The company is known for its denim-focused collections, offering both private-label lines and curated brand-name merchandise. Its product assortment includes jeans, tops, outerwear, shoes and a variety of accessories such as belts, jewelry and handbags, all aimed at blending contemporary style with everyday comfort.

Founded in 1948 in Kearney, Nebraska, Buckle began as a single clothing store and has since expanded into a nationwide chain.