In yesterday’s Wall Street session, The Buckle Inc. (NYSE:BKE) shares traded at $37.27, down -1.79% from the previous session.
BKE stock price is now -13.15% away from the 50-day moving average and 6.25% away from the 200-day moving average. The market capitalization of the company currently stands at $1.85B.
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With the price target of $60, Sidoti recently initiated with Buy rating for The Buckle Inc. (NYSE: BKE). On March 08, 2019, Deutsche Bank Downgraded its previous ‘Hold’ rating to ‘Sell’ on the stock reducing its target price from $19 to quote $16, while the Deutsche Bank previously rated the stock as ‘Hold’ on November 02, 2018.
In other news, HOFFMAN MICHELLE, SVP SALES sold 10,000 shares of the company’s stock on Jan 12. The stock was sold for $454,537 at an average price of $45.45. Upon completion of the transaction, the SVP SALES now directly owns 63,882 shares in the company, valued at $2.38 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 10, EVP STORES SMITH KARI G sold 25,000 shares of the business’s stock. A total of $1,202,408 was realized by selling the stock at an average price of $48.10. This leaves the insider owning 133,654 shares of the company worth $4.98 million. Insiders disposed of 38,070 shares of company stock worth roughly $1.42 million over the past 1 year. A total of 40.43% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BKE stock. A new stake in The Buckle Inc. shares was purchased by WALLEYE CAPITAL LLC during the first quarter worth $2,746,000. TWO SIGMA INVESTMENTS, LP invested $1,845,000 in shares of BKE during the first quarter. In the first quarter, EAM GLOBAL INVESTORS LLC acquired a new stake in The Buckle Inc. valued at approximately $1,424,000. SEIZERT CAPITAL PARTNERS, LLC acquired a new stake in BKE for approximately $1,385,000. VIDENT INVESTMENT ADVISORY, LLC purchased a new stake in BKE valued at around $1,122,000 in the second quarter. In total, there are 341 active investors with 54.20% ownership of the company’s stock.
Monday morning saw The Buckle Inc. (NYSE: BKE) opened at $38.01. During the past 12 months, The Buckle Inc. has had a low of $25.09 and a high of $47.67. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.10, and a quick ratio of 1.50. The fifty day moving average price for BKE is $43.65 and a two-hundred day moving average price translates $36.63 for the stock.
The latest earnings results from The Buckle Inc. (NYSE: BKE) was released for Oct, 2022. According to the Apparel Retail Company, earnings per share came in at $1.24, beating analysts’ expectations of $1.19 by 0.05. This compares to $1.26 EPS in the same period last year. The net profit margin was 18.90% and return on equity was 67.30% for BKE. The company reported revenue of $332.34 million for the quarter, compared to $319.43 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.04 percent. For the current quarter, analysts expect BKE to generate $384.01M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/27/2023. Investors who held shares on 01/13/2023 were paid a $2.65 dividend. On an annualized basis, this represents a $1.40 dividend and a 3.76% percent yield. There was an ex-dividend date of 01/12/2023 for this dividend. In terms of dividend payout ratio, BKE is presently at 27.10%.
The Buckle Inc.(BKE) Company Profile
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. Holt, and Veece. The company also provides services, such as hemming, gift-packaging, layaways, guest loyalty program, the Buckle private label credit card, and personalized stylist services, as well as special order system that allows stores to obtain requested merchandise from other company stores or its online order fulfillment center. As of March 11, 2022, it operated 440 retail stores in 42 states under the Buckle and The Buckle names. The Buckle, Inc. also sells its products through its website, buckle.com. The company was formerly known as Mills Clothing, Inc. and changed its name to The Buckle, Inc. in April 1991. The Buckle, Inc. was incorporated in 1948 and is headquartered in Kearney, Nebraska.
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