Alaska Department of Revenue Cashes Out 656 Shares of The Buckle,
October 21, 2023
☀️Trending News
The Alaska Department of Revenue recently made a noteworthy move when it disposed of 656 shares of The Buckle ($NYSE:BKE), Inc. The Buckle, Inc. is a highly successful fashion retailer from the United States. This is complemented by their in-house denim and clothing line. The company has grown its revenues steadily year-over-year and has become one of America’s most successful publicly traded companies.
Consequently, the stock price of The Buckle Inc. has been on a consistent upswing over the last few years. Despite the move by Alaska’s Department of Revenue, there is still high demand for its stocks among investors.
Earnings
According to the report, BUCKLE earned a total revenue of 295.12M USD and a net income of 51.42M USD, resulting in a 2.3% decrease in total revenue and a 2.6% increase in net income compared to the previous year. In the past 3 years, BUCKLE’s total revenue has gone from 295.12M USD to 292.43M USD.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Buckle. More…
| Total Revenues | Net Income | Net Margin |
| 1.31k | 237.8 | 18.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Buckle. More…
| Operations | Investing | Financing |
| 254.17 | -41.4 | -202.88 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Buckle. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 861.55 | 425.01 | 8.65 |
Key Ratios Snapshot
Some of the financial key ratios for Buckle are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.6% | 34.8% | 22.9% |
| FCF Margin | ROE | ROA |
| 16.9% | 44.5% | 21.8% |
Stock Price
On Friday, the stock opened at $35.5 and closed at $35.2, representing a 0.8% decrease from the previous closing price of $35.4. This is the latest in a series of stock transactions made by the department in recent weeks. Buckle“>Live Quote…
Analysis
At GoodWhale, we have conducted an analysis of the fundamentals of BUCKLE and determined that it is a medium risk investment in terms of financial and business aspects. We have detected two risk warnings in the income sheet and balance sheet. This is an indication that investors should be cautious when investing in BUCKLE, and should pay close attention to any changes in the company’s financial and business position. We invite you to visit goodwhale.com to review our assessment of BUCKLE and the risk warnings in detail. Our analysis will help you understand the true nature of the company’s financial health, and you can make an informed decision on whether this is a safe investment for you. More…
Peers
Buckle Inc. is an American fashion retailer that specializes in selling apparel, footwear, and accessories for men and women. The company operates through two segments: Retail and Direct. The Retail segment consists of the company’s stores, e-commerce, and catalog businesses. The Direct segment includes the company’s credit card business. Buckle Inc. competes with Citi Trends Inc, Vedant Fashions Ltd, Gfoot Co Ltd, and other retailers who sell similar products.
– Citi Trends Inc ($NASDAQ:CTRN)
Citi Trends Inc is a specialty retailer of urban lifestyle apparel and accessories for men, women, and children. The company has a market cap of 183.43M and a ROE of 27.52%. Citi Trends operates over 700 stores in 33 states, primarily in the southeastern United States. The company offers a variety of apparel, including t-shirts, hoodies, jeans, and dresses, as well as accessories such as jewelry, belts, and handbags. Citi Trends’ mission is to provide affordable, trendy apparel and accessories for its customers.
– Vedant Fashions Ltd ($BSE:543463)
Vedant Fashions Ltd is an Indian clothing company with a market cap of 347.93B as of 2022. The company has a Return on Equity of 38.43%. Vedant Fashions Ltd is a leading manufacturer and retailer of clothing in India. The company designs, manufactures, and markets a wide range of clothing products for men, women, and children. Vedant Fashions Ltd has a wide network of retail outlets across India. The company also has an online presence through its website and mobile app.
– Gfoot Co Ltd ($TSE:2686)
Gfoot Co Ltd is a company that manufactures and sells footwear. It has a market cap of 12.42B as of 2022 and a Return on Equity of -375.46%. The company’s products are sold in over 100 countries and it has over 30,000 employees.
Summary
The Buckle, Inc. is a retail apparel chain that operates in the U.S. and Canada. Recently, the State of Alaska Department of Revenue sold 656 shares of The Buckle, Inc., thereby reducing its holdings in the company. Despite this transaction, investors are still optimistic about the company’s future prospects. Analysts believe that The Buckle has potential to see growth in the coming years, as it continues to offer competitive prices and innovative marketing strategies.
Analysts also point out that the company has a strong financial position with healthy levels of liquidity, allowing it to take advantage of opportunities as they arise. The Buckle’s stock is considered to be undervalued, presenting investors with an attractive opportunity for long-term gains. Overall, The Buckle is an attractive investment opportunity for those seeking to benefit from potential gains in the near future.
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