Buckle (NYSE:BKE) Announces Earnings Results, Beats Expectations By $0.09 EPS

Buckle (NYSE:BKE) released its earnings results on Friday. The company reported $1.53 earnings per share 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 the consensus estimate of $378.97 million. Buckle had a return on equity of 44.11% and a net margin of 16.21%. Buckle’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.59 EPS.

Buckle Price Performance

Shares of Buckle stock opened at $36.07 on Friday. The business’s 50 day simple moving average is $44.22 and its two-hundred day simple moving average is $45.58. The stock has a market capitalization of $1.83 billion, a P/E ratio of 9.15 and a beta of 1.17. Buckle has a one year low of $34.67 and a one year high of $54.25.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, CEO Dennis H. Nelson sold 20,453 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $51.37, for a total transaction of $1,050,670.61. Following the transaction, the chief executive officer now directly owns 1,760,187 shares of the company’s stock, valued at approximately $90,420,806.19. The trade was a 1.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 97,382 shares of company stock valued at $4,446,403 in the last ninety days. Company 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.