Buckle (NYSE:BKE) Shares Down 6.4%

Shares of The Buckle, Inc. (NYSE:BKEGet Free Report) were down 6.4% during trading on Tuesday . The company traded as low as $37.09 and last traded at $37.14. Approximately 258,739 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 665,873 shares. The stock had previously closed at $39.67.

Analyst Ratings Changes

BKE has been the subject of several recent research reports. StockNews.com cut shares of Buckle from a “buy” rating to a “hold” rating in a report on Monday, January 8th. UBS Group cut Buckle from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $37.00 to $34.00 in a report on Friday, January 5th.

View Our Latest Analysis on BKE

Buckle Stock Performance

The company has a market cap of $1.84 billion, a price-to-earnings ratio of 7.94 and a beta of 1.18. The firm has a fifty day moving average price of $41.48 and a 200 day moving average price of $37.12.

Buckle (NYSE:BKEGet Free Report) last announced its quarterly earnings results on Friday, November 17th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.09. The firm had revenue of $303.50 million during the quarter, compared to analysts’ expectations of $303.50 million. Buckle had a net margin of 17.82% and a return on equity of 53.94%. The company’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.24 earnings per share.

Buckle Cuts Dividend

The firm also recently declared a None dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 12th will be issued a dividend of $2.85 per share. This represents a yield of 3.4%. The ex-dividend date is Thursday, January 11th. Buckle’s payout ratio is currently 30.57%.

Insider Buying and Selling at Buckle

In related news, SVP Kelli D. Molczyk acquired 715 shares of the business’s stock in a transaction on Monday, November 20th. The stock was purchased at an average cost of $37.13 per share, for a total transaction of $26,547.95. Following the completion of the transaction, the senior vice president now directly owns 85,163 shares of the company’s stock, valued at approximately $3,162,102.19. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 40.10% of the company’s stock.

Hedge Funds Weigh In On Buckle

Several institutional investors and hedge funds have recently modified their holdings of the business. Covestor Ltd grew its position in Buckle by 2,840.6% during the first quarter. Covestor Ltd now owns 941 shares of the company’s stock worth $31,000 after buying an additional 909 shares in the last quarter. Gladius Capital Management LP grew its holdings in shares of Buckle by 408.3% during the 3rd quarter. Gladius Capital Management LP now owns 981 shares of the company’s stock worth $33,000 after purchasing an additional 788 shares in the last quarter. Planned Solutions Inc. bought a new position in shares of Buckle in the fourth quarter worth $44,000. Captrust Financial Advisors raised its stake in Buckle by 58.3% in the first quarter. Captrust Financial Advisors now owns 1,556 shares of the company’s stock valued at $51,000 after purchasing an additional 573 shares in the last quarter. Finally, Quarry LP lifted its position in Buckle by 733.1% during the first quarter. Quarry LP now owns 1,483 shares of the company’s stock worth $53,000 after purchasing an additional 1,305 shares during the period. 53.93% of the stock is currently owned by institutional investors and hedge funds.

Buckle Company Profile

(Get Free Report)

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.

Further Reading

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