Buckle (NYSE:BKE) Announces Quarterly Earnings Results

Buckle (NYSE:BKE) issued its quarterly earnings data on Friday. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.09, Zacks reports. The company had revenue of $379.20 million during the quarter, compared to analysts’ expectations of $378.97 million. Buckle had a return on equity of 44.11% and a net margin of 16.21%. The business’s revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.59 earnings per share.

Buckle Stock Up 4.9 %

BKE stock opened at $37.89 on Friday. The company has a market cap of $1.92 billion, a PE ratio of 9.62 and a beta of 1.17. Buckle has a 52 week low of $31.00 and a 52 week high of $54.25. The business has a 50-day simple moving average of $44.86 and a 200 day simple moving average of $45.68.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Buckle from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th.

Insider Activity

In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $51.57, for a total value of $1,054,761.21. Following the completion of the sale, the chief executive officer now directly owns 1,739,734 shares of the company’s stock, valued at $89,718,082.38. This trade represents a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 97,382 shares of company stock worth $4,446,403 over the last 90 days. 39.80% of the stock is currently owned by corporate insiders.

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, Salvage, Red by BKE, Daytrip, Gimmicks, Gilded Intent, FITZ + EDDI, Willow & Root, Outpost Makers, Departwest, Sterling & Stitch, Reclaim, BKE Vintage, Nova Industries, J.B.