Buckle (BKE) Projected to Post Earnings on Thursday

Buckle (NYSE:BKE) is expected to be posting its quarterly earnings results before the market opens on Thursday, March 13th. Analysts expect Buckle to post earnings of $1.44 per share and revenue of $378.97 million for the quarter.

Buckle Stock Up 0.1 %

NYSE:BKE opened at $37.82 on Thursday. The stock’s 50 day moving average price is $46.49 and its 200 day moving average price is $45.91. The company has a market capitalization of $1.92 billion, a PE ratio of 9.60 and a beta of 1.17. Buckle has a 52-week low of $34.87 and a 52-week high of $54.25.

Buckle Cuts Dividend

The company also recently declared a special dividend, which was paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th were paid a dividend of $2.50 per share. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a yield of 2.6%. Buckle’s dividend payout ratio is presently 35.53%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. StockNews.com cut Buckle from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. UBS Group raised Buckle from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $31.00 to $46.00 in a research report on Tuesday, November 12th.

Insiders Place Their Bets

In other Buckle news, CEO Dennis H. Nelson sold 15,340 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $39.51, for a total transaction of $606,083.40. Following the completion of the sale, the chief executive officer now owns 1,663,035 shares of the company’s stock, valued at approximately $65,706,512.85. The trade was a 0.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John P. Peetz sold 2,500 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $51.70, for a total value of $129,250.00. Following the sale, the director now directly owns 22,123 shares of the company’s stock, valued at approximately $1,143,759.10. This trade represents a 10.15 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 119,882 shares of company stock valued at $5,621,453. Corporate insiders own 39.80% of the company’s stock.

About Buckle

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.