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

The Buckle, Inc. (NYSE:BKE) declared a quarterly dividend on Wednesday, June 5th, Wall Street Journal reports. Investors of record on Friday, July 12th will be paid a dividend of 0.35 per share on Friday, July 26th. This represents a $1.40 annualized dividend and a yield of 3.66%. The ex-dividend date is Friday, July 12th.

Buckle has raised its dividend by an average of 15.9% annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Buckle has a payout ratio of 35.4% indicating that its dividend is sufficiently covered by earnings.

Buckle Stock Performance

Shares of BKE stock traded up $0.80 during mid-day trading on Wednesday, hitting $38.27. The company’s stock had a trading volume of 317,245 shares, compared to its average volume of 420,476. The company’s fifty day simple moving average is $37.83 and its 200-day simple moving average is $39.53. Buckle has a 52 week low of $30.31 and a 52 week high of $48.15. The company has a market cap of $1.94 billion, a PE ratio of 9.03 and a beta of 1.18.

Buckle (NYSE:BKE) last issued its earnings results on Friday, May 24th. The company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.05). The firm had revenue of $262.50 million during the quarter, compared to analyst estimates of $262.50 million. Buckle had a net margin of 17.07% and a return on equity of 48.21%. The business’s quarterly revenue was down 7.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.86 earnings per share.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on BKE shares. StockNews.com downgraded Buckle from a “buy” rating to a “hold” rating in a research note on Monday, May 27th. UBS Group cut their target price on Buckle from $34.00 to $32.00 and set a “sell” rating on the stock in a research note on Wednesday, May 15th.

Buckle Company Profile

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.