Buckle Inc. (NYSE:BKE) – Equities research analysts at Wedbush cut their Q3 2017 earnings per share estimates for Buckle in a report released on Friday. Wedbush analyst M. Brown now expects that the firm will post earnings of $0.55 per share for the quarter, down from their prior estimate of $0.57. Wedbush has a “Neutral” rating and a $21.00 price objective on the stock. Wedbush also issued estimates for Buckle’s Q4 2017 earnings at $0.91 EPS, FY2017 earnings at $2.27 EPS, Q1 2018 earnings at $0.46 EPS, Q3 2018 earnings at $0.56 EPS, Q4 2018 earnings at $0.92 EPS, FY2018 earnings at $2.26 EPS and FY2019 earnings at $2.27 EPS.
Buckle (NYSE:BKE) last issued its quarterly earnings data on Friday, August 19th. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.04. Buckle had a return on equity of 30.53% and a net margin of 12.06%. The company earned $212.20 million during the quarter. During the same period in the previous year, the business earned $0.49 EPS. The company’s quarterly revenue was down 10.1% on a year-over-year basis.
Several other research firms also recently weighed in on BKE. Deutsche Bank AG restated a “sell” rating and issued a $22.00 price objective on shares of Buckle in a report on Tuesday, July 5th. Zacks Investment Research downgraded Buckle from a “hold” rating to a “sell” rating in a report on Wednesday, August 3rd. Finally, KeyCorp restated an “equal weight” rating on shares of Buckle in a report on Sunday, June 26th. Three 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 a consensus price target of $29.80.
Shares of Buckle (NYSE:BKE) traded up 1.75% on Monday, hitting $21.55. 58,729 shares of the company traded hands. Buckle has a 1-year low of $20.85 and a 1-year high of $36.16. The firm’s 50-day moving average is $24.49 and its 200 day moving average is $26.39. The firm has a market capitalization of $1.04 billion, a P/E ratio of 8.05 and a beta of 1.20.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 27th. Shareholders of record on Friday, October 14th will be issued a $0.25 dividend. The ex-dividend date is Wednesday, October 12th. This represents a $1.00 dividend on an annualized basis and a yield of 4.67%. Buckle’s dividend payout ratio is presently 37.45%.
In other Buckle news, VP Kyle Hanson sold 5,400 shares of the business’s stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $26.13, for a total value of $141,102.00. Following the completion of the transaction, the vice president now directly owns 25,400 shares in the company, valued at $663,702. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 41.80% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of BKE. Hamlin Capital Management LLC increased its position in Buckle by 2.0% in the second quarter. Hamlin Capital Management LLC now owns 1,735,380 shares of the company’s stock valued at $45,103,000 after buying an additional 34,306 shares during the period. BlackRock Fund Advisors increased its position in Buckle by 0.7% in the first quarter. BlackRock Fund Advisors now owns 1,842,758 shares of the company’s stock valued at $62,414,000 after buying an additional 12,505 shares during the period. Creative Planning increased its position in Buckle by 4.0% in the second quarter. Creative Planning now owns 19,882 shares of the company’s stock valued at $517,000 after buying an additional 772 shares during the period. NN Investment Partners Holdings N.V. bought a new position in Buckle during the first quarter valued at about $912,000. Finally, California Public Employees Retirement System increased its position in Buckle by 12.9% in the second quarter. California Public Employees Retirement System now owns 89,100 shares of the company’s stock valued at $2,316,000 after buying an additional 10,200 shares during the period. Hedge funds and other institutional investors own 65.35% of the company’s stock.