Buckle (BKE) Reaches New 12-Month High at $24.85

Shares of Buckle Inc (NYSE:BKE) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $24.85 and last traded at $23.90, with a volume of 340700 shares trading hands. The stock had previously closed at $23.85.

Several equities analysts have recently commented on BKE shares. ValuEngine raised shares of Buckle from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research raised shares of Buckle from a “sell” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Wednesday, November 1st.

The firm has a market cap of $1,167.31, a P/E ratio of 13.82 and a beta of 1.10.

Buckle (NYSE:BKE) last issued its quarterly earnings data on Friday, November 17th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.40 by $0.01. The firm had revenue of $224.30 million during the quarter, compared to the consensus estimate of $224.12 million. Buckle had a net margin of 9.17% and a return on equity of 19.13%. The company’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 earnings per share. analysts forecast that Buckle Inc will post 1.7 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 12th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date of this dividend is Thursday, January 11th. Buckle’s payout ratio is currently 57.80%.

In related news, Director Robert Erle Campbell sold 2,000 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $21.00, for a total value of $42,000.00. Following the completion of the transaction, the director now directly owns 31,964 shares of the company’s stock, valued at $671,244. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Brett P. Milkie sold 1,500 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $21.02, for a total transaction of $31,530.00. Following the completion of the transaction, the senior vice president now directly owns 32,070 shares of the company’s stock, valued at $674,111.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,600 shares of company stock valued at $138,925. 41.70% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in BKE. Victory Capital Management Inc. increased its stake in shares of Buckle by 5,476.3% during the third quarter. Victory Capital Management Inc. now owns 1,341,438 shares of the company’s stock valued at $22,603,000 after purchasing an additional 1,317,382 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Buckle by 39.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 463,644 shares of the company’s stock valued at $7,813,000 after buying an additional 131,594 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in shares of Buckle during the third quarter valued at approximately $1,007,000. Sprott Inc. grew its holdings in shares of Buckle by 21.4% during the third quarter. Sprott Inc. now owns 255,000 shares of the company’s stock valued at $4,297,000 after buying an additional 45,000 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its holdings in shares of Buckle by 28.7% during the second quarter. Parametric Portfolio Associates LLC now owns 168,314 shares of the company’s stock valued at $2,996,000 after buying an additional 37,566 shares during the last quarter. 59.65% of the stock is owned by institutional investors and hedge funds.

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About Buckle

The Buckle, Inc is a retailer of casual apparel, footwear and accessories for young men and women. As of January 28, 2017, the Company operated 467 retail stores in 44 states throughout the United States under the names Buckle and The Buckle. The Company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear.

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