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

The Buckle, Inc. (NYSE:BKE) declared a quarterly dividend on Tuesday, March 25th, RTT News reports. Shareholders of record on Tuesday, April 15th will be given 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 3.51%.

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

Buckle Price Performance

NYSE:BKE opened at $39.91 on Tuesday. Buckle has a one year low of $34.67 and a one year high of $54.25. The company has a market cap of $2.03 billion, a PE ratio of 10.13 and a beta of 1.17. The firm has a 50-day moving average of $42.76 and a 200-day moving average of $45.47.

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

Insider Buying and Selling

In other news, CEO Dennis H. Nelson sold 20,453 shares of Buckle stock in a transaction dated 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 in the company, valued at $73,763,111.76. This trade represents a 1.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 92,269 shares of company stock worth $3,952,882. Insiders own 39.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. StockNews.com cut shares of Buckle from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. UBS Group dropped their price target on Buckle from $43.00 to $41.00 and set a “neutral” rating on the stock in a report on Tuesday, March 18th.

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.