Buckle Stock Fair Value – BUCKLE Reports Strong Earnings Results for Q3 of FY2024
December 18, 2023
☀️Earnings Overview
On October 31, 2023, BUCKLE ($NYSE:BKE) reported its earnings results for the end of FY2024 Q3 with total revenue for the period at USD 303.5 million, a decrease of 8.7% compared to the same quarter of the previous year. Net income was reported at USD 51.8 million, a decrease of 15.7% year over year.
Stock Price
On Friday, BUCKLE reported strong financial results for the third quarter of FY2024. The company’s stock opened at $35.7 and closed at $37.7, a rise of 8.0% from the previous closing price of 34.9. This surge can be attributed to increased revenue as well as higher profits reported by BUCKLE during the quarter. These impressive results demonstrate the strong growth BUCKLE has experienced in recent quarters and the expectations of continued success in the future.
In recent weeks, analysts have been bullish on BUCKLE stock, with many forecasting that the company will continue to generate strong returns in the coming quarters. With this most recent earnings report, investors have become even more confident in BUCKLE’s ability to remain profitable and deliver positive returns for its shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Buckle. BUCKLE_Reports_Strong_Earnings_Results_for_Q3_of_FY2024″>More…
| Total Revenues | Net Income | Net Margin |
| 1.28k | 228.18 | 17.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Buckle. BUCKLE_Reports_Strong_Earnings_Results_for_Q3_of_FY2024″>More…
| Operations | Investing | Financing |
| 254.39 | -41.4 | -202.88 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Buckle. BUCKLE_Reports_Strong_Earnings_Results_for_Q3_of_FY2024″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 921.21 | 447.19 | 9.4 |
Key Ratios Snapshot
Some of the financial key ratios for Buckle are shown below. BUCKLE_Reports_Strong_Earnings_Results_for_Q3_of_FY2024″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.5% | 25.7% | 22.2% |
| FCF Margin | ROE | ROA |
| 17.3% | 39.1% | 19.3% |
Analysis – Buckle Stock Fair Value
At GoodWhale, we have conducted an analysis of BUCKLE‘s financials and found that the intrinsic value of BUCKLE share is around $35.8. This is according to our proprietary Valuation Line which entails several calculations of BUCKLE’s future cash flows, risk assessment and other fundamental factors. Currently, BUCKLE stock is trading at $37.7. This is slightly higher than its fair price of $35.8, thus suggesting that BUCKLE’s stock is overvalued by 5.3%. More…
Peers
Buckle Inc. is an American fashion retailer that specializes in selling apparel, footwear, and accessories for men and women. The company operates through two segments: Retail and Direct. The Retail segment consists of the company’s stores, e-commerce, and catalog businesses. The Direct segment includes the company’s credit card business. Buckle Inc. competes with Citi Trends Inc, Vedant Fashions Ltd, Gfoot Co Ltd, and other retailers who sell similar products.
– Citi Trends Inc ($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
Investors have been cautious about BUCKLE‘s performance in recent quarters, and the company’s earnings release on October 31, 2023 has done little to allay these concerns. Total revenue for FY2024 Q3 decreased 8.7% compared to the same quarter last year, and net income was down 15.7%. Despite this, stock prices rose the same day, perhaps due to investor optimism that BUCKLE can turn things around. Long-term investors should continue to monitor the company’s performance in upcoming quarters for a better indication of its future prospects.
