Buckle Inc (NYSE:BKE)’s share price traded up 5.8% on Monday following a dividend announcement from the company. The stock traded as high as $22.00 and last traded at $21.97. 477,880 shares changed hands during mid-day trading, a decline of 23% from the average session volume of 621,313 shares. The stock had previously closed at $20.76.
The newly announced dividend which will be paid on Thursday, October 29th. Stockholders of record on Thursday, October 15th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $1.20 annualized dividend and a dividend yield of 5.46%.
Several analysts have recently weighed in on the company. ValuEngine lowered Buckle from a “hold” rating to a “sell” rating in a report on Tuesday, August 4th. Zacks Investment Research lowered Buckle from a “buy” rating to a “hold” rating in a report on Wednesday, July 8th. TheStreet upgraded Buckle from a “c+” rating to a “b” rating in a report on Friday, September 11th. Finally, Cfra lowered Buckle from a “hold” rating to a “sell” rating and cut their price objective for the company from $14.00 to $11.00 in a report on Tuesday, May 26th.
The business has a 50-day moving average price of $18.26 and a 200-day moving average price of $16.60. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 11.15 and a beta of 1.31.
Buckle (NYSE:BKE) last announced its earnings results on Friday, August 21st. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.65. The company had revenue of $216.00 million for the quarter, compared to analyst estimates of $151.23 million. Buckle had a return on equity of 23.98% and a net margin of 11.60%. Buckle’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.34 earnings per share.
Large investors have recently bought and sold shares of the stock. Macquarie Group Ltd. acquired a new position in Buckle during the second quarter valued at $26,000. Bank of Montreal Can raised its position in Buckle by 14.5% during the second quarter. Bank of Montreal Can now owns 4,768 shares of the company’s stock valued at $77,000 after buying an additional 602 shares during the period. Advisor Group Holdings Inc. acquired a new position in Buckle during the first quarter valued at $73,000. AlphaCrest Capital Management LLC acquired a new position in Buckle during the second quarter valued at $158,000. Finally, Sciencast Management LP acquired a new position in Buckle during the second quarter valued at $162,000. 62.47% of the stock is currently owned by hedge funds and other institutional investors.
About Buckle (NYSE:BKE)
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, BKE Boutique, Red by BKE, Daytrip denim, Gimmicks, Gilded Intent, FITZ + EDDI, Outpost Makers, Departwest, and Veece.
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