The Buckle, Inc. same-store sales increase 2.8% in April (NYSE: BKE)

Buckle’s (NYSE: BKE – Get Rating) same-store sales increased 2.8% in April. Buckle’s stock rose 0% in the first full day of trading after the report.

BKE has been the subject of several research reports. launched coverage on Buckle’s stock in a research note on Thursday, March 31. They set a “buy” rating for the company. Zacks Investment Research upgraded Buckle shares from a “hold” rating to a “strong-buy” rating and set a $42.00 price target for the company in a Wednesday, March 16 research note.

NYSE BKE opened at $30.79 on Tuesday. The company has a market capitalization of $1.54 billion, a PE ratio of 5.98 and a beta of 1.02. The company has a fifty-day moving average of $34.07 and a 200-day moving average of $39.47. Buckle has a 1 year minimum of $30.30 and a 1 year maximum of $57.10.

Buckle (NYSE:BKE – Get Rating) last released its results on Friday, March 11. The company reported earnings per share (EPS) of $1.69 for the quarter, beating consensus analyst estimates of $1.44 by $0.25. Buckle had a net margin of 19.68% and a return on equity of 58.03%. In the same quarter a year earlier, the company had earned earnings per share of $1.33. As a group, stock analysts predict Buckle will post earnings per share of 5.25 for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 28. Investors of record on Thursday, April 14 received a dividend of $0.35 per share. The ex-dividend date was Wednesday, April 13. This represents a dividend of $1.40 on an annualized basis and a yield of 4.55%. Buckle’s payout ratio is currently 27.18%.

A number of hedge funds and other institutional investors have recently bought and sold shares of BKE. Professional Financial Advisors LLC increased its position in Buckle by 142.2% in the first quarter. Professional Financial Advisors LLC now owns 959 shares of the company valued at $32,000 after purchasing an additional 563 shares during the period. Neo Ivy Capital Management bought a new position in Buckle in the fourth quarter worth $37,000. Meeder Asset Management Inc. increased its stake in Buckle by 8,941.7% in the third quarter. Meeder Asset Management Inc. now owns 1,085 shares of the company valued at $43,000 after purchasing an additional 1,073 shares last quarter. Newbridge Financial Services Group Inc. bought a new position in Buckle in the first quarter worth $71,000. Finally, PFG Private Wealth Management LLC bought a new position in Buckle in the fourth quarter worth $83,000. Institutional investors hold 57.48% of the company’s shares.

About Loop (Get a rating)

The Buckle, Inc. operates as a retailer of casual wear, footwear and accessories for young men and women in the United States. It markets a selection of branded casual wear, including jeans, other casual bottoms, tops, sportswear, outerwear, accessories and footwear, as well as private label products primarily comprising BKE, Buckle Black, Salvage, Red by BKE, Daytrip, Gimmicks, Golden Intention, FITZ + EDDI, Willow & Root, Outpost Makers, Departwest, Reclaim, BKE Vintage, Nova Industries, JB

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