Buckle Inc Stock Drops 9% Following January Same Store Sales Report (NYSE:BKE)
Buckle’s (NYSE:BKE) same store sales fell 4.1% during the month of January. Buckle’s stock dropped by 9% in the first day of trading following the news.
A number of research analysts recently commented on the stock. ValuEngine raised shares of Buckle from a “buy” rating to a “strong-buy” rating in a report on Friday, December 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.
In other Buckle news, Director Robert Erle Campbell sold 2,000 shares of the firm’s 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 sale, the director now owns 31,964 shares of the company’s stock, valued at $671,244. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Diane L. Applegate sold 1,200 shares of the firm’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $20.84, for a total transaction of $25,008.00. Following the completion of the sale, the vice president now directly owns 20,500 shares of the company’s stock, valued at approximately $427,220. The disclosure for this sale can be found here. In the last three months, insiders sold 4,700 shares of company stock valued at $98,538. 41.70% of the stock is owned by insiders.
Buckle (NYSE:BKE) last announced its quarterly earnings data on Friday, November 17th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The business 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 firm’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 earnings per share. equities analysts anticipate that Buckle will post 1.74 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Shareholders of record on Friday, January 12th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.67%. The ex-dividend date of this dividend was Thursday, January 11th. Buckle’s payout ratio is currently 57.80%.
A number of hedge funds and other institutional investors have recently made changes to their positions in BKE. C M Bidwell & Associates Ltd. bought a new stake in Buckle in the fourth quarter worth about $105,000. Public Employees Retirement System of Ohio raised its stake in shares of Buckle by 14.2% during the second quarter. Public Employees Retirement System of Ohio now owns 7,983 shares of the company’s stock valued at $142,000 after acquiring an additional 995 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Buckle by 59.8% during the third quarter. Municipal Employees Retirement System of Michigan now owns 10,630 shares of the company’s stock valued at $179,000 after acquiring an additional 3,980 shares in the last quarter. Voya Investment Management LLC raised its stake in shares of Buckle by 17.8% during the second quarter. Voya Investment Management LLC now owns 13,913 shares of the company’s stock valued at $248,000 after acquiring an additional 2,102 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in shares of Buckle during the fourth quarter valued at approximately $255,000. 59.77% of the stock is owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY NOTICE: This article was originally published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this article on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright law. The legal version of this article can be viewed at https://theolympiareport.com/2018/02/11/buckle-inc-stock-drops-9-following-january-same-store-sales-report-nysebke.html.
Buckle Company Profile
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.
Receive News & Ratings for Buckle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Buckle and related companies with MarketBeat.com's FREE daily email newsletter.