Buckle Inc (BKE) Releases Earnings Results, Misses Expectations By $-0.09 EPS

Buckle Inc (BKE) reported quarterly earnings results on Friday, May-20-2016. The company reported $0.48 earnings per share for the quarter, missing the analyst consensus estimate by $-0.09. Analysts had a consensus of $0.57. The company posted revenue of $243.50 million in the period, compared to analysts expectations of $251.39 million. The company’s revenue was down -10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS.

Many Wall Street Analysts have commented on Buckle Inc. Wolfe Research Downgraded Buckle Inc on May 9, 2016 to ” Underperform”, Price Target of the shares are set at $23.Buckle Inc was Downgraded by Standpoint Research to ” Hold” on Mar 30, 2016. Company shares were Reiterated by Wolfe Research on Mar 14, 2016 to “Peer Perform”, Firm has raised the Price Target to $ 29 from a previous price target of $26 .

Buckle Inc opened for trading at $23.2 and hit $23.87 on the upside on Thursday, eventually ending the session at $23.34, with a gain of 0.91% or 0.21 points. The heightened volatility saw the trading volume jump to 8,18,844 shares. Company has a market cap of $1,135 M.

In a different news, on Mar 18, 2016, Michelle Hoffman (VP SALES) sold 1,500 shares at $33.32 per share price. According to the SEC, on Feb 19, 2016, Robert M Carlberg (SVP MEN’S MERCHANDISING) sold 10,000 shares at $29.19 per share price. On Mar 20, 2015, Kyle Hanson (VP, Corp. Sec., & Gen. Counsel) sold 4,650 shares at $49.55 per share price, according to the Form-4 filing with the securities and exchange commission.

The Buckle Inc. is a retailer of casual apparel footwear and accessories for young men and women. As of March 26 2015 the Company operated 462 retail stores in 44 states of the United States under the names of Buckle and The Buckle. The existing stores are in four downtown locations nine strip centers 56 lifestyle centers and 393 shopping malls. The Company markets a selection of brand name casual apparel including denims other casual bottoms tops sportswear outerwear accessories and footwear. The Company provides customer services such as free hemming free gift-wrapping easy layaways the Buckle private label credit card and a frequent shopper program. The Company offers denims from brands such as Big Star Vintage Miss Me Rock Revival Silver Jeans and Buffalo Jeans. Other brands include Hurley Billabong Roxy Affliction American Fighter Sinful Obey Roar RVCA Salvage Society Fox Oakley Bench Corral Reef Young & Reckless 7 Diamonds and Fossil.

Buckle Inc

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