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Buckle (BKE)

Offering a unique mix of high-quality,on-trend apparel, accessories, and footwear, Buckle caters to fashion-conscious young men and women. Known as a denim destination, each store carries a wide selection of fits, styles, and finishes from leading denim brands, including the Company's exclusive brand, BKE. Headquartered in Kearney, Nebraska, Buckle currently operates 445 retail stores in 42 states which includes the closing of one store during fiscal December. The Company operated 448 stores in 42 states as of January 7, 2020.

Company profile

Ticker
BKE
Exchange
Website
CEO
Dennis Nelson
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Buckle Brands, Inc. ...
IRS number
470366193

BKE stock data

Calendar

9 Jun 22
12 Aug 22
28 Jan 23
Quarter (USD) Apr 22 Jan 22 Oct 21 Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jan 22 Jan 21 Jan 20 Feb 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 250.07M 250.07M 250.07M 250.07M 250.07M 250.07M
Cash burn (monthly) 1.3M 11.92M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 4.46M 40.9M n/a n/a n/a n/a
Cash remaining 245.62M 209.17M n/a n/a n/a n/a
Runway (months of cash) 189.1 17.5 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
16 Jun 22 Fairfield Bill L Common Stock Buy Acquire P No No 28.88 200 5.78K 46,508.17
8 Mar 22 Fairfield Bill L Common Stock Gift Dispose G No No 0 200 0 46,308.17
3 Mar 22 Fairfield Bill L Common Stock Gift Dispose G No No 0 200 0 46,508.17
30 Jan 22 Smith Kari G Common Stock Grant Acquire A No No 0 19,800 0 65,160
30 Jan 22 Milkie Brett P Common Stock Grant Acquire A No No 0 18,400 0 60,430
30 Jan 22 Heacock Thomas B Common Stock Grant Acquire A No No 0 18,400 0 111,350
54.6% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 233 255 -8.6%
Opened positions 38 58 -34.5%
Closed positions 60 27 +122.2%
Increased positions 95 80 +18.8%
Reduced positions 69 82 -15.9%
13F shares Current Prev Q Change
Total value 904.96M 1.32B -31.7%
Total shares 27.37M 28.1M -2.6%
Total puts 230.9K 165.1K +39.9%
Total calls 253.8K 384K -33.9%
Total put/call ratio 0.9 0.4 +111.6%
Largest owners Shares Value Change
BLK Blackrock 4.64M $153.32M -1.7%
Vanguard 3.89M $128.49M +10.9%
Dimensional Fund Advisors 1.07M $35.51M +7.6%
STT State Street 1.05M $34.8M -5.1%
Renaissance Technologies 1.05M $34.6M +167.6%
FMR 1.01M $33.5M -65.5%
Capital Growth Management 890K $29.41M +6.0%
GS Goldman Sachs 773.54K $25.56M -9.3%
Charles Schwab Investment Management 693.63K $22.92M +97.5%
BK Bank Of New York Mellon 628.28K $20.76M +2.9%
Largest transactions Shares Bought/sold Change
FMR 1.01M -1.92M -65.5%
Renaissance Technologies 1.05M +655.87K +167.6%
Intrinsic Edge Capital Management 0 -402.85K EXIT
Vanguard 3.89M +381.53K +10.9%
Charles Schwab Investment Management 693.63K +342.35K +97.5%
First Trust Advisors 435.72K +322.02K +283.2%
Impala Asset Management 249.62K +177.92K +248.1%
Candlestick Capital Management 0 -176.59K EXIT
Millennium Management 9.22K -170.79K -94.9%
MS Morgan Stanley 255.6K -156.34K -38.0%

Financial report summary

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Competition
Dillard`sGapNordstromUrban OutfittersZumiezExpressBoot Barn
Management Discussion
  • Results for the 52-week fiscal year ended January 30, 2021 were significantly impacted by the Company's closure of all brick and mortar stores due to the COVID-19 pandemic beginning March 18, 2020.
  • Net sales for the 52-week fiscal year ended January 29, 2022, increased 43.6% to $1.295 billion from net sales of $901.3 million for the 52-week fiscal year ended January 30, 2021. Comparable store net sales for the 52-week fiscal year increased 43.8% from comparable store net sales for the prior year 52-week period ended January 30, 2021. Total sales growth for the year was the result of a 43.5% increase in the number of transactions and a 2.0% increase in the average unit retail, partially offset by a 1.9% decrease in the average number of units sold per transaction. Online sales for the fiscal year increased 15.9% to $220.8 million for the 52-week fiscal year ended January 29, 2022 compared to $190.6 million for the 52-week fiscal year ended January 30, 2021. Average sales per square foot for fiscal 2021 increased 50.6% from $311 to $468. Total square footage as of January 29, 2022 was 2.292 million compared to 2.301 million as of January 30, 2021.
  • The Company’s average retail price per piece of merchandise sold increased $0.93, or 2.0%, during fiscal 2021 compared to fiscal 2020. This $0.93 increase was primarily attributable to the following changes (with their corresponding effect on the overall average price per piece): a 3.9% increase in average knit shirt price points ($0.40), a 9.0% increase in average accessory price points ($0.36), an increase in average price points for certain other merchandise categories ($0.20), and a shift in the merchandise mix ($0.30); which were partially offset by a 1.8% decrease in average denim price points (-$0.33). These changes are primarily a reflection of merchandise shifts in terms of brands and product styles, fabrics, details, and finishes.

Content analysis

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H.S. freshman Avg
New words: back, built, collateralized, freight, immaterial, implicit, pay
Removed: accrual, assessment, began, beginning, brick, closure, combined, denim, enabling, enhanced, enrolled, essentially, exceeded, experienced, federal, growing, health, improvement, interruption, local, March, merged, month, mortar, negotiate, newly, october, paragraph, promotional, protect, remained, reopening, response, resulted, routine, substantial, temporarily, threshold, welfare