What Buckle's Earnings Mean For Mutual Fund Investors (BKE)

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What Buckle's Earnings Mean For Mutual Fund Investors (BKE)

Buckle company logo
Before Friday’s opening bell, apparel retailer Buckle (BKE) released its fourth quarter financial results. Here’s what the results mean for mutual fund investors.

Inside BKE’s Results

Earnings

The retailer reported net income of $60.13 million, or $1.25 per share, compared to $59.30 million, or $1.23 per share, last year. Analysts expected to see EPS of $1.24.

Revenue
Revenue rose 4.3% to $353.54 million from $339.00 million. On average, analysts expected revenue of $353.50 million. Comparable sales for the quarter increased by 1.1%.

Unimpressive Comps & Underperformance

Comps

While Buckle reported a 1.1% increase in comparable store sales for the fourth quarter, monthly comps have not been so impressive. Over the last five months, BKE’s monthly comps have been mostly negative.

Stock Performance

While BKE’s shares are not collapsing like some of its apparel retail peers, the company has failed to perform in-line with the sector as a whole. In the last 12 months, shares of BKE have increased about 6%, while the retail industry has gained over 15%.

Mutual Funds to Watch

Investors interested in BKE may be interested in the funds listed below. These funds currently have the largest stakes in the company:

The Bottom Line

The funds listed above allow investors to gain exposure to BKE while remaining diversified. Investors interested in BKE may also be interested in The Gap (GPS) or L Brands (LB).

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Buckle company logo

What Buckle's Earnings Mean For Mutual Fund Investors (BKE)

Before Friday’s opening bell, apparel retailer Buckle (BKE) released its fourth quarter financial results. Here’s what the results mean for mutual fund investors.

Inside BKE’s Results

Earnings

The retailer reported net income of $60.13 million, or $1.25 per share, compared to $59.30 million, or $1.23 per share, last year. Analysts expected to see EPS of $1.24.

Revenue
Revenue rose 4.3% to $353.54 million from $339.00 million. On average, analysts expected revenue of $353.50 million. Comparable sales for the quarter increased by 1.1%.

Unimpressive Comps & Underperformance

Comps

While Buckle reported a 1.1% increase in comparable store sales for the fourth quarter, monthly comps have not been so impressive. Over the last five months, BKE’s monthly comps have been mostly negative.

Stock Performance

While BKE’s shares are not collapsing like some of its apparel retail peers, the company has failed to perform in-line with the sector as a whole. In the last 12 months, shares of BKE have increased about 6%, while the retail industry has gained over 15%.

Mutual Funds to Watch

Investors interested in BKE may be interested in the funds listed below. These funds currently have the largest stakes in the company:

The Bottom Line

The funds listed above allow investors to gain exposure to BKE while remaining diversified. Investors interested in BKE may also be interested in The Gap (GPS) or L Brands (LB).

If you’ve enjoyed this article, sign up for the free MutualFunds.com newsletter; we’ll send you similar content weekly.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.


Read Next