BKE Stock Recent News

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Small dividend stocks are dirt cheap right now. I'm talking about stocks trading for less than one year's worth of sales.

The Buckle's niche approach, targeting mid-sized markets and people interested in fashion, positions the business well for positive growth, even if its competitive position is being eroded. We do think the risk of margins stepping down and growth being flat is elevated, but with such a substantial yield, investors can ride strong returns into the medium term. Analysts are forecasting EBITDA-M to remain in excess of 20% into FY27F, which implies an FCF yield over >10% for the next 4 years at least based on today's share.

Buckle, Inc., a US retailer of casual apparel, footwear, and accessories, has seen a 13% increase in stock price since our last writing in October 2022, underperforming the broader market. Despite a challenging macroeconomic environment, the company has maintained strong fundamentals, including profitability, efficiency, and liquidity. These strong fundamentals, and the improving macroeconomic environment are expected to positively impact sales, earnings, and margins, leading to an upgrade in rating from "hold" to "buy".

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The Buckle, Inc. (NYSE:BKE ) Q1 2023 Earnings Conference Call May 26, 2023 10:00 AM ET Company Participants Dennis Nelson - President and CEO Tom Heacock - Senior Vice President, Finance, Treasurer and CFO Adam Akerson - Vice President, Finance and Corporate Controller Conference Call Participants Jon Braatz - Kansas City Capital Associates Mauricio Serna - UBS Carlton Getz - Winter Harbor Capital Alan Glenn - Concord & Main Operator Well, good morning, and thank you for standing by. And welcome to Buckle's First Quarter Earnings Release Webcast.

Shares of Buckle NYSE: BKE seem indifferent toward the company's first quarter 2023 earnings results, which were laid out for the public to digest during the pre-market hours of Friday morning. Though short, Buckle's press release gave investors a brief window into the challenges the apparel industry has faced for most of 2022.

Mid-priced apparel, accessories and footwear retailer Buckle reported a drop in sales in March. The 439-store firm's comparable store net sales for March were down 10.1% from the same period the previous year, and its net sales for the month were down 9.2% year over year, the company said in a press release.

Buckle (BKE) reports lower sales and comparable store sales for March. Soft performance at the men's and women's businesses hurt the top-line performance.

While it's always a good time to consider the best investments for passive income, this category enjoys significantly boosted relevance based on recent events. As you've undoubtedly heard, the banking sector suffered a severe confidence hit due to the collapse of SVB Financial Group.