The Buckle, Inc. Plans Quarterly Dividend of $0.35 (NYSE:BKE)

The Buckle, Inc. (NYSE:BKE) declared a quarterly dividend on Tuesday, March 25th, RTT News reports. Stockholders of record on Tuesday, April 15th will be paid a dividend of 0.35 per share on Tuesday, April 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date is Tuesday, April 15th.

Buckle has increased its dividend payment by an average of 1.5% per year over the last three years. Buckle has a dividend payout ratio of 35.4% meaning its dividend is sufficiently covered by earnings.

Buckle Price Performance

Shares of BKE stock opened at $40.20 on Wednesday. The stock’s 50-day moving average is $42.52 and its 200 day moving average is $45.46. Buckle has a 1-year low of $34.67 and a 1-year high of $54.25. The company has a market cap of $2.04 billion, a P/E ratio of 10.20 and a beta of 1.17.

Buckle (NYSE:BKE) last issued its quarterly earnings results on Friday, March 14th. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.09. Buckle had a net margin of 16.21% and a return on equity of 44.11%. The business had revenue of $379.20 million for the quarter, compared to analyst estimates of $378.97 million. During the same quarter in the prior year, the business posted $1.59 EPS. Buckle’s revenue for the quarter was down .8% compared to the same quarter last year.

Insider Activity

In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of Buckle stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $43.42, for a total value of $888,069.26. Following the completion of the transaction, the chief executive officer now owns 1,698,828 shares of the company’s stock, valued at approximately $73,763,111.76. The trade was a 1.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 92,269 shares of company stock valued at $3,952,882 in the last quarter. 39.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

BKE has been the topic of a number of recent research reports. UBS Group dropped their target price on Buckle from $43.00 to $41.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 18th. StockNews.com lowered shares of Buckle from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th.

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.