The Buckle, Inc.’s January Same-Store Sales Numbers Beat Expectations (NYSE:BKE)

Buckle’s (NYSE:BKEFree Report) same-store sales rose 1.8% during the month of January. Buckle’s shares rose by 0% in the first full-day of trading following the news.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BKE shares. UBS Group cut shares of Buckle from a “neutral” rating to a “sell” rating and cut their target price for the company from $37.00 to $34.00 in a report on Friday, January 5th. StockNews.com upgraded shares of Buckle from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd.

Check Out Our Latest Research Report on Buckle

Insider Activity at Buckle

In other news, SVP Kelli D. Molczyk acquired 715 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were purchased at an average cost of $37.13 per share, for a total transaction of $26,547.95. Following the transaction, the senior vice president now directly owns 85,163 shares in the company, valued at approximately $3,162,102.19. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 40.10% of the stock is currently owned by insiders.

Buckle Stock Performance

Shares of NYSE BKE opened at $39.80 on Friday. Buckle has a one year low of $30.18 and a one year high of $48.15. The company’s fifty day moving average is $41.63 and its two-hundred day moving average is $37.42. The firm has a market capitalization of $2.01 billion, a P/E ratio of 8.69 and a beta of 1.23.

Buckle (NYSE:BKEGet Free Report) last released its quarterly earnings data on Friday, November 17th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.95 by $0.09. Buckle had a net margin of 17.82% and a return on equity of 53.94%. The business had revenue of $303.50 million for the quarter, compared to analyst estimates of $303.50 million. During the same period in the previous year, the firm earned $1.24 EPS. The business’s revenue for the quarter was down 8.7% compared to the same quarter last year.

Buckle Cuts Dividend

The company also recently announced a None dividend, which was paid on Friday, January 26th. Investors of record on Friday, January 12th were paid a $2.85 dividend. This represents a yield of 3.4%. The ex-dividend date was Thursday, January 11th. Buckle’s payout ratio is 30.57%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BKE. WealthPlan Investment Management LLC increased its stake in shares of Buckle by 250.0% during the 2nd quarter. WealthPlan Investment Management LLC now owns 700 shares of the company’s stock valued at $65,000 after acquiring an additional 500 shares during the last quarter. Planned Solutions Inc. acquired a new position in shares of Buckle during the 4th quarter valued at about $44,000. Covestor Ltd increased its stake in shares of Buckle by 2,840.6% during the 1st quarter. Covestor Ltd now owns 941 shares of the company’s stock valued at $31,000 after acquiring an additional 909 shares during the last quarter. Gladius Capital Management LP increased its stake in shares of Buckle by 408.3% during the 3rd quarter. Gladius Capital Management LP now owns 981 shares of the company’s stock valued at $33,000 after acquiring an additional 788 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its stake in shares of Buckle by 527.4% during the 4th quarter. Quadrant Capital Group LLC now owns 985 shares of the company’s stock valued at $47,000 after acquiring an additional 828 shares during the last quarter. Institutional investors and hedge funds 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, Reclaim, BKE Vintage, Nova Industries, J.B.

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