Buckle Inc (NYSE:BKE) declared a quarterly dividend on Wednesday, December 6th, Wall Street Journal reports. Stockholders of record on Friday, January 12th will be paid a dividend of 0.25 per share on Friday, January 26th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date of this dividend is Thursday, January 11th.

Buckle has raised its dividend by an average of 4.4% per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Buckle has a dividend payout ratio of 58.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Buckle to earn $1.69 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 59.2%.

Buckle (NYSE BKE) opened at $20.90 on Wednesday. Buckle has a 12 month low of $13.50 and a 12 month high of $25.11. The company has a market capitalization of $1,057.41, a price-to-earnings ratio of 12.08 and a beta of 1.09.

Buckle (NYSE:BKE) last announced its quarterly earnings results on Friday, November 17th. The company reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.01. Buckle had a return on equity of 19.13% and a net margin of 9.17%. The company had revenue of $224.30 million during the quarter, compared to analysts’ expectations of $224.12 million. During the same period in the prior year, the company earned $0.49 EPS. Buckle’s revenue was down 6.2% compared to the same quarter last year. equities analysts expect that Buckle will post 1.74 EPS for the current year.

In related news, SVP Brett P. Milkie sold 1,500 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $21.02, for a total transaction of $31,530.00. Following the completion of the transaction, the senior vice president now directly owns 32,070 shares of the company’s stock, valued at approximately $674,111.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Kyle Hanson sold 4,100 shares of the firm’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $15.95, for a total value of $65,395.00. Following the transaction, the vice president now directly owns 24,900 shares of the company’s stock, valued at $397,155. The disclosure for this sale can be found here. Insiders sold a total of 7,600 shares of company stock valued at $138,925 over the last quarter. 41.70% of the stock is owned by corporate insiders.

A number of brokerages have recently commented on BKE. ValuEngine upgraded Buckle from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Zacks Investment Research upgraded Buckle from a “sell” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Wednesday, November 1st.

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Buckle Company Profile

The Buckle, Inc is a retailer of casual apparel, footwear and accessories for young men and women. As of January 28, 2017, the Company operated 467 retail stores in 44 states throughout the United States under the names Buckle and The Buckle. The Company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear.

Dividend History for Buckle (NYSE:BKE)

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