Buckle Inc (NYSE:BKE) declared a quarterly dividend on Wednesday, December 6th, Wall Street Journal reports. Investors of record on Friday, January 12th will be given a dividend of 0.25 per share on Friday, January 26th. This represents a $1.00 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date is Thursday, January 11th.
Buckle has increased its dividend by an average of 18.6% annually over the last three years and has increased its dividend every year for the last 3 years. Buckle has a payout ratio of 58.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Buckle to earn $1.40 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 71.4%.
Buckle (NYSE BKE) traded down $0.75 during midday trading on Friday, reaching $23.75. 413,455 shares of the company were exchanged, compared to its average volume of 670,052. The firm has a market capitalization of $1,196.61, a P/E ratio of 13.73 and a beta of 1.10. Buckle has a 52 week low of $13.50 and a 52 week high of $25.00.
In other Buckle news, Director Robert Erle Campbell sold 2,000 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $21.00, for a total value of $42,000.00. Following the completion of the transaction, the director now owns 31,964 shares in the company, valued at $671,244. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Kyle Hanson sold 4,100 shares of the company’s stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $15.95, for a total transaction of $65,395.00. Following the completion of the transaction, the vice president now owns 24,900 shares of the company’s stock, valued at approximately $397,155. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,600 shares of company stock valued at $138,925. Insiders own 41.70% of the company’s stock.
BKE has been the subject of a number of analyst reports. ValuEngine upgraded shares of Buckle from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of Buckle from a “sell” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Wednesday, November 1st.
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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.
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