Buckle Inc. (NYSE:BKE) – Research analysts at KeyCorp cut their Q3 2017 earnings per share (EPS) estimates for Buckle in a research note issued on Friday. KeyCorp analyst J. Schmidt now expects that the firm will post earnings of $0.57 per share for the quarter, down from their previous forecast of $0.61. KeyCorp has a “Equal Weight” rating on the stock. KeyCorp also issued estimates for Buckle’s Q4 2017 earnings at $0.96 EPS, FY2017 earnings at $2.33 EPS, Q1 2018 earnings at $0.46 EPS, Q3 2018 earnings at $0.57 EPS, Q4 2018 earnings at $0.98 EPS and FY2018 earnings at $2.33 EPS.
Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Buckle from a “strong sell” rating to a “hold” rating in a research note on Monday, July 25th. Wedbush reissued a “neutral” rating and set a $21.00 target price (down previously from $22.00) on shares of Buckle in a research note on Sunday, September 4th. Finally, Deutsche Bank AG reissued a “sell” rating and set a $22.00 target price on shares of Buckle in a research note on Tuesday, July 5th. Three research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Buckle currently has an average rating of “Hold” and an average target price of $29.80.
Shares of Buckle (NYSE:BKE) traded up 1.75% during trading on Monday, hitting $21.55. 58,729 shares of the stock traded hands. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 8.05 and a beta of 1.20. Buckle has a 1-year low of $20.85 and a 1-year high of $36.16. The firm has a 50-day moving average of $24.49 and a 200-day moving average of $26.39.
Buckle (NYSE:BKE) last issued its earnings results on Friday, August 19th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.36 by $0.04. The business had revenue of $212.20 million for the quarter. Buckle had a net margin of 12.06% and a return on equity of 30.53%. The business’s revenue was down 10.1% on a year-over-year basis. During the same period last year, the firm earned $0.49 EPS.
Several hedge funds and other institutional investors have recently modified their holdings of BKE. FMR LLC boosted its position in shares of Buckle by 14.1% in the second quarter. FMR LLC now owns 7,271,631 shares of the company’s stock worth $188,990,000 after buying an additional 896,298 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in Buckle during the second quarter valued at $19,001,000. Schroder Investment Management Group boosted its position in Buckle by 37.0% in the second quarter. Schroder Investment Management Group now owns 1,931,983 shares of the company’s stock valued at $50,212,000 after buying an additional 522,000 shares during the period. BlackRock Fund Advisors boosted its position in Buckle by 3.5% in the second quarter. BlackRock Fund Advisors now owns 1,906,753 shares of the company’s stock valued at $49,557,000 after buying an additional 63,995 shares during the period. Finally, Guggenheim Capital LLC boosted its position in Buckle by 961.2% in the second quarter. Guggenheim Capital LLC now owns 65,623 shares of the company’s stock valued at $1,706,000 after buying an additional 59,439 shares during the period. Hedge funds and other institutional investors own 65.35% of the company’s stock.
In other news, VP Kyle Hanson sold 1,000 shares of Buckle stock in a transaction dated Tuesday, July 19th. The shares were sold at an average price of $26.25, for a total transaction of $26,250.00. Following the completion of the transaction, the vice president now directly owns 25,400 shares in the company, valued at $666,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 41.80% of the stock is currently owned by company insiders.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 27th. Shareholders of record on Friday, October 14th will be 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 is Wednesday, October 12th. Buckle’s dividend payout ratio (DPR) is currently 37.45%.
Buckle Company Profile