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Buckle (BKE)
NYSE:BKE
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Buckle
(NYSE:BKE)
66Neutral
Buckle (BKE) vs. S&P 500 (SPY)
Market Cap
$1.77B
Dividend Yield4.12%
Average Volume (3M)760.23K
Price to Earnings (P/E)8.9
Beta (1Y)0.71
Revenue Growth-3.44%
EPS Growth-11.74%
CountryUS
Employees2,800
SectorConsumer Cyclical
Sector Strength57
IndustryApparel - Retail
Share Statistics
EPS (TTM)3.88
Shares Outstanding51,159,077
10 Day Avg. Volume670,154
30 Day Avg. Volume760,225
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)1.62
Price to Cash Flow (P/CF)11.30
P/FCF Ratio14.80
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$41.00Price Target Upside18.50% Upside
Rating ConsensusHold
Number of Analyst Covering1
Buckle Business Overview & Revenue Model
Company DescriptionThe 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, Reclaim, BKE Vintage, Nova Industries, J.B. Holt, and Veece. The company also provides services, such as hemming, gift-packaging, layaways, guest loyalty program, the Buckle private label credit card, and personalized stylist services, as well as special order system that allows stores to obtain requested merchandise from other company stores or its online order fulfillment center. As of March 11, 2022, it operated 440 retail stores in 42 states under the Buckle and The Buckle names. The Buckle, Inc. also sells its products through its website, buckle.com. The company was formerly known as Mills Clothing, Inc. and changed its name to The Buckle, Inc. in April 1991. The Buckle, Inc. was incorporated in 1948 and is headquartered in Kearney, Nebraska.
How the Company Makes MoneyBuckle makes money through its retail operations, selling a variety of casual clothing, footwear, and accessories. The company's revenue model is predominantly based on the sales of merchandise through its physical retail stores and its online platform. Key revenue streams include the sale of branded and private-label apparel, which often includes popular denim brands. Buckle invests in creating a personalized shopping experience, which helps drive customer loyalty and repeat purchases. The company also utilizes strategic marketing efforts and promotions to attract and retain customers. Additionally, Buckle benefits from partnerships with well-known brands, which enhance its product offerings and appeal to a broad customer base.
Buckle Financial Statement Overview
Summary
Buckle demonstrates strong profitability and a stable balance sheet with effective cost management, but faces challenges due to recent revenue decline and missing cash flow data. The company should focus on restoring growth and ensuring consistent cash flow generation.Income Statement
Buckle shows strong profitability with consistent gross profit margins and net profit margins. However, the company experienced a decline in total revenue from 2023 to 2024, indicating potential challenges in maintaining growth. The EBIT and EBITDA margins remain solid, suggesting effective cost management and operational efficiency.78
Positive
Balance Sheet
The company has a reasonable debt-to-equity ratio, reflecting balanced leverage. Return on equity is commendable, indicating effective use of shareholder funds to generate profits. The equity ratio suggests a stable financial structure, though there is room for improvement in reducing liabilities further.75
Positive
Cash Flow
Cash flow analysis indicates challenges, with the absence of operating and free cash flow data for 2025. Historical figures suggest positive free cash flow growth, but the lack of recent data introduces uncertainty. The cash flow ratios are favorable in earlier years, highlighting past operational efficiency.65
Positive
| Breakdown | ||||
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 1.22B | 1.26B | 1.35B | 1.29B | 901.28M | Gross Profit |
| 592.79M | 619.07M | 676.00M | 653.01M | 400.67M | EBIT |
| 241.36M | 271.06M | 328.13M | 335.50M | 168.02M | EBITDA |
| 263.50M | 291.89M | 346.99M | 354.19M | 188.88M | Net Income Common Stockholders |
| 195.47M | 219.92M | 254.63M | 254.82M | 130.14M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 290.73M | 290.42M | 273.07M | 266.90M | 322.15M | Total Assets |
| 913.17M | 889.81M | 837.58M | 780.88M | 845.81M | Total Debt |
| 326.26M | 315.41M | 303.79M | 288.34M | 306.27M | Net Debt |
| 59.33M | 47.19M | 51.71M | 34.37M | -12.52M | Total Liabilities |
| 489.37M | 476.59M | 461.26M | 467.96M | 449.19M | Stockholders Equity |
| 423.80M | 413.22M | 376.31M | 312.92M | 396.63M |
| Cash Flow | Free Cash Flow | |||
| 0.00 | 217.37M | 212.02M | 292.65M | 219.76M | Operating Cash Flow |
| 0.00 | 254.64M | 242.38M | 311.75M | 227.42M | Investing Cash Flow |
| 0.00 | -41.77M | -41.40M | -28.77M | -768.00K | Financing Cash Flow |
| 0.00 | -196.74M | -202.88M | -347.80M | -128.83M |
Buckle Technical Analysis
Negative
34.60
Price Trends
37.99
Negative
42.92
Negative
41.20
Negative
Market Momentum
-1.21
Negative
42.25
Neutral
27.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BKE, the sentiment is Negative. The current price of 34.6 is below the 20-day moving average (MA) of 36.04, below the 50-day MA of 37.99, and below the 200-day MA of 41.20, indicating a bearish trend. The MACD of -1.21 indicates Negative momentum. The RSI at 42.25 is Neutral, neither overbought nor oversold. The STOCH value of 27.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BKE.
Buckle Risk Analysis
Buckle disclosed 18 risk factors in its most recent earnings report. Buckle reported the most risks in the “Legal & Regulatory” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Buckle Peers Comparison
Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $1.77B | 8.91 | 46.71% | 4.12% | -3.44% | -11.74% | |
65 Neutral | $1.90B | 6.58 | 18.80% | 4.66% | 1.27% | 96.32% | |
63 Neutral | $3.56B | 6.80 | 47.77% | ― | 15.60% | 71.45% | |
61 Neutral | $1.29B | 8.33 | 31.30% | ― | 0.76% | 49.95% | |
60 Neutral | $6.56B | 11.42 | 3.23% | 4.27% | 2.37% | -21.19% | |
56 Neutral | $1.09B | 93.24 | 0.62% | ― | -2.20% | ― | |
43 Neutral | $50.05M | ― | -37.62% | ― | -8.61% | -33.30% |
* Consumer Cyclical Sector Average
Performance Comparison
BKE
Buckle
34.60
-0.36
-1.03%
ANF
Abercrombie Fitch
74.94
-44.77
-37.40%
AEO
American Eagle
11.03
-11.39
-50.80%
FL
Foot Locker
11.57
-10.67
-47.98%
TLYS
Tilly's
1.70
-4.38
-72.04%
VSCO
Victoria's Secret
17.30
-0.27
-1.54%
Buckle Earnings Call Summary
Earnings Call Date: Mar 14, 2025 | % Change Since: -0.57% | Next Earnings Date: May 23, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted strong growth in e-commerce and women's merchandise sales, along with successful inventory management and private label penetration. However, these achievements were offset by a decrease in net income, declining men's merchandise sales, a drop in annual net sales, and increased SG&A expenses. The sentiment is balanced with significant positive and negative aspects.Highlights
E-commerce Sales Growth
Total e-commerce sales grew 12% in the fourth quarter compared to the same period a year ago, indicating a successful digital strategy and strong online performance.
Women's Merchandise Sales Increase
Women's merchandise sales for the quarter increased approximately 11% on a comparable basis, driven by strong performance in the denim category with private label jeans growing over 20%.
Improvement in Gross Margin
Gross margin for the quarter was 52.6%, up 30 basis points from the fourth quarter of 2023, due to increased merchandise margins and reduced distribution and buying costs.
Inventory Management Success
The company ended the year with inventory down over 4%, showing effective inventory management and balance across categories.
Private Label Growth
Private label represented 51% of sales for the quarter, up from 50% in the fourth quarter of 2023, indicating successful growth in private label penetration.
Lowlights
Overall Decrease in Net Income
Net income for the thirteen-week fourth quarter was $77.2 million, down from $79.6 million in the prior year fourteen-week fourth quarter.
Decline in Men's Merchandise Sales
Men's merchandise sales for the quarter were down about 4% against the prior year fourteen-week fiscal quarter.
Decrease in Annual Net Sales
Net sales for the fifty-two-week fiscal year decreased 3.4% to $1.218 billion compared to $1.261 billion for the prior year fifty-three-week fiscal year.
Increased SG&A Expenses
Selling, general, and administrative expenses for the full year were 28.9% of net sales, compared to 27.6% for the same period last year, indicating increased operational costs.
Company Guidance
During the fourth quarter earnings call for The Buckle, Inc., the company provided detailed insights into their financial performance for fiscal year 2024, while reiterating their policy of not providing future sales or earnings guidance. The call revealed that net income for the fourth quarter was $77.2 million, or $1.53 per share on a diluted basis, down from $79.6 million or $1.59 per share the previous year. Net sales for the thirteen-week quarter decreased by 0.8% to $379.2 million, while comparable store sales increased by 3.9%. E-commerce sales saw a notable growth of 12% year-over-year. The gross margin for the quarter improved to 52.6%, driven by a 40 basis point increase in merchandise margins, although partially offset by a 30 basis point rise in occupancy costs. For the full year, net income was $195.5 million, or $3.89 per share, compared to $219.9 million in the previous year. The company ended the fiscal year with 441 retail stores and a significant focus on enhancing their digital experience and relocating stores to higher traffic outdoor centers. They also emphasized their strategic investments in private label products, which accounted for 51% of sales in the fourth quarter, up from 50% in the prior year.Buckle Corporate Events
Executive/Board Changes
Buckle Approves 2025 Executive Compensation Program
Neutral
Feb 3, 2025
On January 30, 2025, the Compensation Committee of The Buckle, Inc.’s Board of Directors approved the executive compensation program for the 2025 fiscal year, maintaining consistency with the previous year. The compensation includes a competitive base salary, performance-based incentive cash bonuses, benefits, and non-vested stock grants. The 2025 Incentive Plan aims to motivate key employees by linking their compensation to the company’s financial performance through a bonus pool determined by pre-bonus net income. The plan includes both performance-based and non-performance-based stock awards, with vesting criteria tied to fiscal performance targets.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.