Buckle Inc Same Store Sales Down 0.8% in June (NYSE:BKE)

Buckle’s (NYSE:BKE) same store sales decreased by 0.8% during the month of June. Buckle’s stock dropped by 0.3% in the first full-day of trading following the report.

A number of equities research analysts have issued reports on the company. ValuEngine upgraded Valmont Industries from a “sell” rating to a “hold” rating in a research note on Friday. TheStreet downgraded WESCO International from a “b-” rating to a “c+” rating in a research note on Friday, May 24th. Finally, Zacks Investment Research downgraded ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday, July 10th.

In other news, Director Robert Erle Campbell sold 2,000 shares of Buckle stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $19.00, for a total transaction of $38,000.00. Following the transaction, the director now directly owns 30,464 shares of the company’s stock, valued at approximately $578,816. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 41.80% of the stock is owned by insiders.

BKE stock opened at $19.14 on Tuesday. Buckle has a twelve month low of $14.81 and a twelve month high of $29.65. The company has a current ratio of 2.30, a quick ratio of 1.58 and a debt-to-equity ratio of 0.75. The stock has a market cap of $963.92 million, a PE ratio of 9.72 and a beta of 0.74. The company’s 50-day moving average is $16.73.

Buckle (NYSE:BKE) last posted its quarterly earnings data on Friday, May 24th. The company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.05). Buckle had a net margin of 10.47% and a return on equity of 22.96%. The company had revenue of $201.31 million for the quarter, compared to analysts’ expectations of $200.93 million. During the same period in the previous year, the firm earned $0.38 earnings per share. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. As a group, equities analysts forecast that Buckle will post 1.8 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 12th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.22%. Buckle’s payout ratio is currently 50.76%.

Hedge funds have recently bought and sold shares of the company. Bank of Montreal Can lifted its holdings in Buckle by 148.9% in the 4th quarter. Bank of Montreal Can now owns 3,758 shares of the company’s stock worth $72,000 after purchasing an additional 2,248 shares in the last quarter. Morris Capital Advisors LLC purchased a new position in Buckle in the 2nd quarter worth approximately $176,000. Metropolitan Life Insurance Co. NY lifted its holdings in Buckle by 465.5% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 10,457 shares of the company’s stock worth $202,000 after purchasing an additional 8,608 shares in the last quarter. Oregon Public Employees Retirement Fund purchased a new position in Buckle in the 4th quarter worth approximately $209,000. Finally, 6 Meridian purchased a new position in Buckle in the 1st quarter worth approximately $212,000. 67.09% of the stock is currently owned by hedge funds and other institutional investors.

Buckle 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, BKE Boutique, Red by BKE, Daytrip denim, Gimmicks, Gilded Intent, FITZ + EDDI, Outpost Makers, Departwest, and Veece.

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