Buckle (NYSE:BKE) Sets New 52-Week High at $23.08

Buckle Inc (NYSE:BKE) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $23.08 and last traded at $22.95, with a volume of 2450 shares traded. The stock had previously closed at $22.09.

BKE has been the topic of several recent research reports. ValuEngine raised shares of Buckle from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. TheStreet raised shares of Buckle from a “c+” rating to a “b-” rating in a research note on Thursday.

The firm’s 50-day moving average price is $20.81 and its two-hundred day moving average price is $18.85. The firm has a market capitalization of $1.08 billion, a PE ratio of 11.95 and a beta of 0.70. The company has a quick ratio of 1.57, a current ratio of 2.35 and a debt-to-equity ratio of 0.71.

Buckle (NYSE:BKE) last released its earnings results on Friday, August 23rd. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04. The business had revenue of $203.80 million for the quarter, compared to the consensus estimate of $202.20 million. Buckle had a net margin of 10.52% and a return on equity of 23.16%. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the firm posted $0.32 earnings per share. Equities research analysts forecast that Buckle Inc will post 1.85 EPS for the current year.

The company also recently announced a — dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were given a $0.25 dividend. This represents a dividend yield of 5%. The ex-dividend date was Thursday, October 10th. Buckle’s dividend payout ratio (DPR) is currently 50.76%.

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In other news, VP Robert J. Harbols sold 2,500 shares of Buckle stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $21.14, for a total value of $52,850.00. Following the transaction, the vice president now directly owns 19,500 shares of the company’s stock, valued at $412,230. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 41.80% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC purchased a new position in shares of Buckle in the second quarter worth approximately $60,000. Bank of Montreal Can boosted its holdings in shares of Buckle by 127.5% during the second quarter. Bank of Montreal Can now owns 3,546 shares of the company’s stock worth $62,000 after purchasing an additional 1,987 shares during the period. Morris Capital Advisors LLC acquired a new stake in shares of Buckle during the second quarter worth approximately $176,000. OneAscent Financial Services LLC acquired a new stake in shares of Buckle during the second quarter worth approximately $206,000. Finally, Unison Advisors LLC boosted its holdings in shares of Buckle by 6.6% during the second quarter. Unison Advisors LLC now owns 17,157 shares of the company’s stock worth $297,000 after purchasing an additional 1,065 shares during the period. 65.45% of the stock is currently owned by institutional investors and hedge funds.

About Buckle (NYSE:BKE)

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, BKE Boutique, Red by BKE, Daytrip denim, Gimmicks, Gilded Intent, FITZ + EDDI, Outpost Makers, Departwest, and Veece.

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