The Buckle, Inc. Shares Rise 0% Following July Same Store Sales Report (NYSE:BKE)

Posted by Defense World Staff on Aug 6th, 2023

Buckle’s (NYSE:BKE – Free Report) same-store sales rose 1.8% during the month of July. Buckle’s shares climbed by 0% in the first full-day of trading following the report.

Analyst Upgrades and Downgrades

BKE has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Buckle from a “buy” rating to a “hold” rating in a research report on Monday, May 29th. UBS Group assumed coverage on Buckle in a research report on Monday, April 10th. They issued a “neutral” rating and a $37.00 target price on the stock.

Buckle Price Performance

Shares of NYSE:BKE opened at $36.18 on Friday. Buckle has a fifty-two week low of $29.76 and a fifty-two week high of $50.35. The stock has a market capitalization of $1.83 billion, a P/E ratio of 7.43 and a beta of 1.08. The business has a 50-day moving average of $34.36 and a two-hundred day moving average of $36.19.

Buckle (NYSE:BKE – Get Free Report) last issued its quarterly earnings results on Friday, May 26th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.06). The business had revenue of $282.40 million during the quarter, compared to analyst estimates of $297.30 million. Buckle had a net margin of 18.37% and a return on equity of 60.35%. The company’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.12 earnings per share.

Buckle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, July 14th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend was Thursday, July 13th. Buckle’s dividend payout ratio is currently 28.75%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Covestor Ltd raised its position in Buckle by 2,840.6% in the first quarter. Covestor Ltd now owns 941 shares of the company’s stock worth $31,000 after purchasing an additional 909 shares in the last quarter. Belpointe Asset Management LLC acquired a new position in shares of Buckle in the 4th quarter worth approximately $36,000. Captrust Financial Advisors lifted its position in shares of Buckle by 58.3% during the 1st quarter. Captrust Financial Advisors now owns 1,556 shares of the company’s stock worth $51,000 after buying an additional 573 shares during the period. Quarry LP boosted its stake in Buckle by 733.1% in the 1st quarter. Quarry LP now owns 1,483 shares of the company’s stock valued at $53,000 after buying an additional 1,305 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in Buckle in the second quarter valued at $60,000. Institutional investors and hedge funds own 54.50% of the company’s stock.

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.