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Buckle (BKE)
NYSE:BKE
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Buckle
(NYSE:BKE)
Rating:75Outperform
Price Target:
$48.00
▲(10.83%Upside)
Buckle (BKE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.22B
Dividend Yield3.23%
Average Volume (3M)485.48K
Price to Earnings (P/E)11.1
Beta (1Y)0.79
Revenue Growth-1.08%
EPS Growth-8.20%
CountryUS
Employees2,800
SectorConsumer Cyclical
Sector Strength62
IndustryApparel - Retail
Share Statistics
EPS (TTM)0.70
Shares Outstanding51,159,077
10 Day Avg. Volume541,628
30 Day Avg. Volume485,478
Financial Highlights & Ratios
PEG Ratio-5.38
Price to Book (P/B)4.37
Price to Sales (P/S)0.00
P/FCF Ratio9.45
Enterprise Value/Market Cap0.88
Enterprise Value/Revenue0.40
Enterprise Value/Gross Profit3.29
Enterprise Value/Ebitda1.82
Forecast
1Y Price Target
$40.00Price Target Upside-7.64% Downside
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 generates revenue primarily through the sale of apparel, footwear, and accessories in its retail stores and online platform. The company's key revenue streams are derived from its diverse product offerings, which include both private label items and well-known third-party brands. Buckle's strategic focus on maintaining a curated selection of high-quality merchandise, alongside personalized service and loyalty programs, helps sustain customer engagement and repeat purchases. Additionally, the company's online sales channel contributes significantly to its revenue, offering an expanded reach beyond physical store locations. Factors such as effective inventory management, trend awareness, and strategic marketing partnerships also play a critical role in Buckle's financial performance.
Buckle Earnings Call Summary
Earnings Call Date:May 23, 2025
(Q1-2025)
| % Change Since: 4.61%|
Next Earnings Date:Aug 15, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted positive trends in net income, net sales, and women's merchandise performance, as well as improvements in gross margin and private label growth. However, challenges remain with increased SG&A expenses, declining men's merchandise sales, and a drop in footwear sales.Q1-2025 Updates
Positive Updates
Increase in Net Income
Net income for the first quarter increased to $35.2 million or $0.70 per share, up from $34.8 million or $0.69 per share in the previous year.
Growth in Net Sales
Net sales rose by 3.7% to $272.1 million compared to $262.5 million last year. Comparable store sales increased by 3%, and online sales grew by 4.5%.
Women's Merchandise Performance
Women's merchandise sales increased by 10.5%, with the denim category seeing an 11% rise. This segment now represents 50% of total sales, up from 47% last year.
Improvement in Gross Margin
Gross margin increased to 46.7%, a 70 basis point improvement from the previous year, driven by a 60 basis point increase in merchandise margins.
Strong Private Label Growth
Private label sales represented 47.5% of total sales, up from 46% last year.
Negative Updates
Increase in SG&A Expenses
Selling, general and administrative expenses increased to 30.7% of net sales, up from 29.8% last year, driven by higher incentive compensation, health insurance, and equity compensation expenses.
Men's Merchandise Sales Decline
Men's merchandise sales decreased by 2.5%, and men's denim was down by 0.5% compared to the previous year.
Decrease in Footwear Sales
Footwear sales declined by 7%, representing 5.5% of first-quarter net sales compared to 6% last year.
Company Guidance
During Buckle's first-quarter earnings call for fiscal year 2025, the company reported a net income of $35.2 million, or $0.70 per share on a diluted basis, marking a slight increase from the previous year's $34.8 million, or $0.69 per share. Net sales rose by 3.7% to $272.1 million, with comparable store sales increasing by 3% and online sales growing by 4.5% to $46.4 million. The gross margin improved to 46.7%, driven by a 60 basis point increase in merchandise margins and a 10 basis point reduction in buying, distribution, and occupancy expenses. SG&A expenses increased to 30.7% of net sales, influenced by higher incentive compensation and health insurance costs, though partially offset by decreased e-commerce shipping and marketing expenses. The operating margin stood at 16%, slightly down from the previous year's 16.2%. The balance sheet showed inventory at $132.4 million, a 1.3% increase, and $320 million in total cash and investments. Capital expenditures for the quarter totaled $11.4 million, with $10 million allocated to store construction and remodels. The company completed five full store remodels, closed two stores, and plans to open seven new stores and complete 16 additional remodels later in the year.Buckle Financial Statement Overview
Summary
Buckle demonstrates strong profitability and a stable balance sheet, with effective management of operational costs. The company faces challenges with a recent decline in revenue and uncertainty due to missing cash flow data. Sustaining growth and ensuring consistent cash flow are critical.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 | |||
| 199.74M | 217.37M | 212.02M | 292.65M | 219.76M | Operating Cash Flow |
| 242.01M | 254.64M | 242.38M | 311.75M | 227.42M | Investing Cash Flow |
| -45.28M | -41.77M | -41.40M | -28.77M | -768.00K | Financing Cash Flow |
| -198.02M | -196.74M | -202.88M | -347.80M | -128.83M |
Buckle Technical Analysis
Positive
43.31
Price Trends
37.92
Positive
39.98
Positive
41.54
Positive
Market Momentum
1.52
Positive
67.68
Neutral
76.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BKE, the sentiment is Positive. The current price of 43.31 is above the 20-day moving average (MA) of 41.47, above the 50-day MA of 37.92, and above the 200-day MA of 41.54, indicating a bullish trend. The MACD of 1.52 indicates Positive momentum. The RSI at 67.68 is Neutral, neither overbought nor oversold. The STOCH value of 76.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 (62)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $2.22B | 11.14 | 44.55% | 3.23% | -1.08% | -8.20% | |
65 Neutral | $1.77B | 11.27 | 31.30% | ― | 0.76% | 49.95% | |
65 Neutral | $3.95B | 8.17 | 46.98% | ― | 12.54% | 25.47% | |
64 Neutral | $1.76B | 10.40 | 12.19% | 4.92% | -0.95% | -10.51% | |
62 Neutral | $6.88B | 11.32 | 2.90% | 3.87% | 2.70% | -24.57% | |
56 Neutral | $2.30B | 194.63 | -13.07% | ― | -2.62% | ― | |
45 Neutral | $40.70M | ― | -47.54% | ― | -8.79% | -15.17% |
* Consumer Cyclical Sector Average
Performance Comparison
BKE
Buckle
43.31
10.02
30.10%
ANF
Abercrombie Fitch
82.99
-102.14
-55.17%
AEO
American Eagle
10.16
-9.95
-49.48%
FL
Foot Locker
24.06
-0.89
-3.57%
TLYS
Tilly's
1.35
-3.85
-74.04%
VSCO
Victoria's Secret
22.16
3.83
20.89%
Buckle Corporate Events
Shareholder MeetingsDividends
Buckle Announces Quarterly Dividend for Shareholders
Positive
Jun 3, 2025
On June 2, 2025, The Buckle, Inc. held its Annual Meeting of Stockholders, where the election of the Board of Directors took place, and the selection of Deloitte & Touche LLP as the independent registered public accounting firm was ratified. The following day, June 3, 2025, Buckle announced a quarterly dividend of $0.35 per share, to be paid on July 29, 2025, to shareholders of record as of July 15, 2025. This announcement reflects the company’s ongoing commitment to returning value to its shareholders.
The most recent analyst rating on (BKE) stock is a Hold with a $46.00 price target. To see the full list of analyst forecasts on Buckle stock, see the BKE Stock Forecast page.
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.