BKE The Buckle, Inc.

The Buckle, Inc. engages in retailing apparel, footwear, and accessories through retail stores under the names Buckle and The Buckle. The firm markets a wide selection of branded casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear. It offers brands such as BKE, Buckle Black, Red by BKE, Daytrip denim, Gimmicks, Gilded Intent, FITZ + EDDI, Willow & Root denim, Outpost Makers, Departwest, Reclaim, Nova Industries, and Veece. The company was founded by David Hirschfeld in 1948 and is headquartered in Kearney, NE.

Company profile

Ticker

BKE

Exchange

NYSE

Website

www.buckle.com

CEO

Dennis H. Nelson

Incorporated in

Nebraska

Location

Nebraska

Fiscal year end

Feb 01

Sector

Retail Trade > Apparel/Footwear Retail

Industry (SEC)

Retail - Family Clothing Stores

Nordstrom • TJX Companies • Ross Stores • Gap • Urban Outfitters • American Eagle Outfitters • Abercrombie & Fitch • Stage Stores • Childrens Place • Stein Mart ...

SEC CIK

0000885245

Corporate docs

Articles of Incorporation & Bylaws

IRS number

470366193

BKE stock data

S&P 500

1M 1Y 2Y 5Y

FINRA relative short interest over last month (20 trading days) ?

Calendar

1 Apr 20

4 Jun 20

1 Feb 21

News

Company financial data Financial data

Chart BKE financial data

Quarter (USD)	Feb 20	Nov 19	Aug 19	May 19
Revenue	271M	224.12M	203.82M	201.31M
Net income	46.98M	25.98M	16.37M	15.09M
Diluted EPS	0.96	0.53	0.34	0.31
Net profit margin	17.34%	11.59%	8.03%	7.50%
Operating income	59.85M	33.31M	19.6M	18.73M
Net change in cash	7.13M	35.8M	-5.9M	15.47M
Cash on hand	220.97M	213.84M	178.04M	183.94M
Cost of revenue	142.41M	130.59M	125.12M	124.66M

Annual (USD)	Feb 20	Feb 19	Feb 18	Jan 17
Revenue	900.25M	885.5M	913.38M	974.87M
Net income	104.43M	95.61M	89.71M	97.96M
Diluted EPS	2.14	1.97	1.85	2.03
Net profit margin	11.60%	10.80%	9.82%	10.05%
Operating income	131.5M	120.93M	134.08M	152.76M
Net change in cash	52.5M	3.39M	-31.45M	35.35M
Cash on hand	220.97M	168.47M	165.09M	196.54M
Cost of revenue	522.78M	519.42M	533.36M

Financial data from company earnings reports

Recent insider trades

BKE insider ownership history Insider history

Date	Owner	Security	Transaction	Code	#Shares	#Remaining
23 Mar 20	Dennis H Nelson	Common Stock	Other	Dispose J	55,000	240,000
23 Mar 20	Smith Kari G	Common Stock	Other	Dispose J	8,000	48,960
23 Mar 20	Milkie Brett P	Common Stock	Other	Dispose J	7,500	36,730
23 Mar 20	Carlberg Robert M	Common Stock	Other	Dispose J	7,500	104,070
23 Mar 20	Heacock Thomas B	Common Stock	Other	Dispose J	7,500	74,550

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2020

BKE institutional ownership history Ownership history

66.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	165	192	-14.1%
Opened positions	20	56	-64.3%
Closed positions	47	20	+135.0%
Increased positions	59	41	+43.9%
Reduced positions	58	62	-6.5%

13F shares	Current	Prev Q	Change
Total value	1.44B	3.49B	-58.9%
Total shares	32.62M	33.93M	-3.9%
Total puts	408K	373K	+9.4%
Total calls	254.6K	200.4K	+27.0%
Total put/call ratio	1.6	1.9	-13.9%

Largest owners	Shares	Value	Change
FMR	6.74M	$92.38M	-1.7%
BLK BlackRock	4.21M	$57.7M	-5.0%
Vanguard	3.21M	$44.06M	+2.9%
Robeco Institutional Asset Management B.V.	2.57M	$35.29M	+130.4%
Renaissance Technologies	1.53M	$21.01M	+63.6%
Sprucegrove Investment Management	1.24M	$17.04M	+4.9%
STT State Street	1.12M	$15.32M	+1.1%
Citadel Advisors	827.17K	$11.34M	+126.5%
Palisade Capital Management	730.35K	$10.01M	+5.1%
Dimensional Fund Advisors	706.95K	$9.7M	+30.2%

Largest transactions	Shares	Bought/sold	Change
Robeco Institutional Asset Management B.V.	2.57M	+1.46M	+130.4%
Schroder Investment Management	109.19K	-1.06M	-90.6%
Renaissance Technologies	1.53M	+595.76K	+63.6%
Norges Bank	0	-472.89K	EXIT
Citadel Advisors	827.17K	+461.94K	+126.5%
BK Bank Of New York Mellon	412.64K	-379.8K	-47.9%
Eaton Vance Management	0	-371.53K	EXIT
Arrowstreet Capital, Limited Partnership	0	-366.92K	EXIT
RK Asset Management	0	-361.74K	EXIT
BLK BlackRock	4.21M	-221.04K	-5.0%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Dillard's • Gap • Nordstrom • Urban Outfitters • Dillards • Zumiez • Maurices • Express • GAP • Forever

Risks

Dependence on Merchandising/Fashion Sensitivity
Dependence on Private Label Merchandise
Fluctuations in Comparable Store Net Sales Results
Ability to Continue Expansion and Management of Growth
Ability to Adjust to Changes in Shopping Center Traffic and Consumer Trends Related to E-Commerce Shopping
Reliance on Key Personnel
Dependence on a Single Distribution Facility and Third-Party Carriers
Reliance on Foreign Sources of Production.
Fluctuations in Tax Obligations and Effective Tax Rate.
Dependence upon Maintaining Sales and Profit Growth in the Highly Competitive Retail Apparel Industry
Reliance on Consumer Spending Trends
Modifications and/or Upgrades to Information Technology Systems May Disrupt Operations
Reliance on Increasingly Complex Information Systems for Management of Distribution, Sales, and Other Functions
Unauthorized Access to, or Accidental Disclosure of, Consumer Personally-Identifiable Information that the Company Collects May Result in Significant Expenses and Negatively Impact the Company's Reputation and Business.
Impact to the Operations of The Company's Facilities and Retail Stores Resulting from the Recent Outbreak of the Novel Coronavirus ("COVID-19") or Other Global Pandemics.

Management Discussion

Net sales for the 52-week fiscal year ended February 1, 2020, increased 1.7% to $900.3 million from net sales of $885.5 million for the 52-week fiscal year ended February 2, 2019. Comparable store net sales for the 52-week fiscal year increased 2.2% from comparable store net sales for the prior year 52-week period ended February 2, 2019. The comparable store sales increase was primarily attributable to a 2.7% increase in the number of transactions and a 2.1% increase in the average number of units sold per transaction, partially offset by a 2.4% reduction in the average retail price per piece of merchandise sold. Total net sales for the year were also impacted by the closing of 7 stores during fiscal 2018 and by the opening of 2 news stores and closure of 4 stores during fiscal 2019. Online sales for the fiscal year increased 6.9% to $110.8 million for the 52-week fiscal year ended February 1, 2020 compared to $103.7 million for the 52-week fiscal year ended February 2, 2019. Average sales per square foot for fiscal 2019 increased 2.0% from $334 to $341. Total square footage as of February 1, 2020 was 2.320 million compared to 2.335 million as of February 2, 2019.

Content analysis ?

Positive
Negative
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Constraining
Legalese
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Readability	8th grade Avg

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From filing 10-K 2019 FY