Buckle (NYSE:BKE) - Share price, News & Analysis

BKE fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	6/6
Financial Health	6/6
Dividends	4/6

BKE Stock Overview

The Buckle, Inc. operates as a retailer of casual apparel, footwear, and accessories for young men and women in the United States.

Rewards

Trading at 88% below our estimate of its fair value

Earnings grew by 96.1% over the past year

Risk Analysis

Earnings are forecast to decline by an average of 0.3% per year for the next 3 years

Dividend of 25.95% is not well covered by earnings

Buckle Competitors

TJX Companies

NYSE:TJX

US$70.1b

Ross Stores

NasdaqGS:ROST

US$27.3b

Burlington Stores

NYSE:BURL

US$9.6b

Gap

NYSE:GPS

US$3.5b

Price History & Performance

Summary of all time highs, changes and price drops for Buckle
Historical stock prices
Current Share Price	US$27.17
52 Week High	US$57.10
52 Week Low	US$26.56
Beta	0.92
1 Month Change	-12.10%
3 Month Change	-22.79%
1 Year Change	-32.41%
3 Year Change	69.60%
5 Year Change	59.36%
Change since IPO	1,233.80%

Recent News & Updates

May 11

Should You Be Adding Buckle (NYSE:BKE) To Your Watchlist Today?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

May 10

The Buckle: An Interesting Opportunity In Retail

The Buckle has only recently seen an improvement in sales, but overall bottom line results have been getting better for years. How cheap shares depend on how you price them, but on the whole, the company doesn't look pricey. Though the company may make for a decent prospect for long-term investors, the historical decline in store count causes long-term uncertainty.

Apr 20

Should You Think About Buying The Buckle, Inc. (NYSE:BKE) Now?

The Buckle, Inc. ( NYSE:BKE ), is not the largest company out there, but it received a lot of attention from a...

Shareholder Returns

	BKE	US Specialty Retail	US Market
7D	-18.6%	-10.8%	-4.0%
1Y	-32.4%	-29.4%	-13.2%

Return vs Industry: BKE underperformed the US Specialty Retail industry which returned -27.3% over the past year.

Return vs Market: BKE underperformed the US Market which returned -12.3% over the past year.

Price Volatility

Is BKE's price volatile compared to industry and market?
BKE volatility
BKE Average Weekly Movement	6.4%
Specialty Retail Industry Average Movement	8.6%
Market Average Movement	7.8%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	2.9%

Stable Share Price: BKE is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: BKE's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1948	5,550	Dennis Nelson	https://www.buckle.com

The 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.

Buckle Fundamentals Summary

How do Buckle's earnings and revenue compare to its market cap?
BKE fundamental statistics
Market Cap	US$1.35b
Earnings (TTM)	US$254.82m
Revenue (TTM)	US$1.29b

5.3x

P/E Ratio

1.0x

P/S Ratio

Is BKE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
BKE income statement (TTM)
Revenue	US$1.29b
Cost of Revenue	US$520.92m
Gross Profit	US$773.69m
Other Expenses	US$518.87m
Earnings	US$254.82m

Last Reported Earnings

Jan 29, 2022

Next Earnings Date

May 26, 2022

Earnings per share (EPS)	5.15
Gross Margin	59.76%
Net Profit Margin	19.68%
Debt/Equity Ratio	0%

How did BKE perform over the long term?

See historical performance and comparison

Dividends

25.9%

Current Dividend Yield

26%

Payout Ratio

Valuation

Is Buckle undervalued compared to its fair value and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: BKE ($27.17) is trading below our estimate of fair value ($226.6)

Significantly Below Fair Value: BKE is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: BKE is good value based on its Price-To-Earnings Ratio (5.3x) compared to the US Specialty Retail industry average (6x).

PE vs Market: BKE is good value based on its Price-To-Earnings Ratio (5.3x) compared to the US market (15.1x).

Price to Earnings Growth Ratio

PEG Ratio: BKE's earnings are forecast to decline next year, so we can't calculate its PEG ratio.

Price to Book Ratio

PB vs Industry: BKE is overvalued based on its Price-To-Book Ratio (4.3x) compared to the US Specialty Retail industry average (1.7x).

Future Growth

How is Buckle forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

-0.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: BKE's earnings are forecast to decline over the next 3 years (-0.3% per year).

Earnings vs Market: BKE's earnings are forecast to decline over the next 3 years (-0.3% per year).

High Growth Earnings: BKE's earnings are forecast to decline over the next 3 years.

Revenue vs Market: BKE's revenue (4.5% per year) is forecast to grow slower than the US market (7.8% per year).

High Growth Revenue: BKE's revenue (4.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if BKE's Return on Equity is forecast to be high in 3 years time

Past Performance

How has Buckle performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

21.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BKE has high quality earnings.

Growing Profit Margin: BKE's current net profit margins (19.7%) are higher than last year (14.4%).

Past Earnings Growth Analysis

Earnings Trend: BKE's earnings have grown significantly by 21.5% per year over the past 5 years.

Accelerating Growth: BKE's earnings growth over the past year (96.1%) exceeds its 5-year average (21.5% per year).

Earnings vs Industry: BKE earnings growth over the past year (96.1%) exceeded the Specialty Retail industry 75.3%.

Return on Equity

High ROE: BKE's Return on Equity (81.4%) is considered outstanding.

Financial Health

How is Buckle's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: BKE's short term assets ($391.2M) exceed its short term liabilities ($248.5M).

Long Term Liabilities: BKE's short term assets ($391.2M) exceed its long term liabilities ($219.4M).

Debt to Equity History and Analysis

Debt Level: BKE is debt free.

Reducing Debt: BKE has not had any debt for past 5 years.

Debt Coverage: BKE has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: BKE has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

Dividend

What is Buckle current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

25.95%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BKE's dividend (25.95%) is higher than the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: BKE's dividend (25.95%) is in the top 25% of dividend payers in the US market (4.05%)

Stability and Growth of Payments

Stable Dividend: BKE's dividend payments have been volatile in the past 10 years.

Growing Dividend: BKE's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (25.8%), BKE's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (119.3%), BKE's dividend payments are not well covered by cash flows.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

8.2yrs

Average management tenure

CEO

Dennis Nelson (71 yo)

31.08yrs

Tenure

US$11,994,209

Compensation

Mr. Dennis H. Nelson has been President of The Buckle, Inc. since April 19, 1991 and also has been its Chief Executive Officer since March 17, 1997. Mr. Nelson began his career at Buckle Inc. in 1970 as a...

CEO Compensation Analysis

Compensation vs Market: Dennis's total compensation ($USD11.99M) is above average for companies of similar size in the US market ($USD5.43M).

Compensation vs Earnings: Dennis's compensation has increased by more than 20% in the past year.

Leadership Team

Experienced Management: BKE's management team is seasoned and experienced (8.2 years average tenure).

Board Members

Experienced Board: BKE's board of directors are seasoned and experienced ( 18 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/24 00:00
End of Day Share Price	2022/05/24 00:00
Earnings	2022/01/29
Annual Earnings	2022/01/29