BKE - will report soft SSS for the month of November based on historical sales build Oct/Nov ...at these levels I am going to short the stock again and cover @ 30.00
They carry very little cold weather product and I think that they will continue to show that the concept is not growing as the fashion is shifting back to AEO/ANF
Sentiment: Strong Sell
BKE has never given forward guidance that I'm aware of. They never did a few years ago when I had owned the stock back then either. I think warm weather was a contributing factor for weak comps. People don't buy new jeans in the fall until it gets cold. ANF/AEO have had weak performance for the last few years, so The Buckle was facing tough comps. Earnings and Revenues have gone higher for years yet this stock is 20% lower than it was FIVE years ago and only commanding single digit earnings multiples.
BKE really needs a beat on SSS for a month or some other catalyst to stop this selloff. Q3 earnings were essentially a non-event, so without anything looming in the background maybe some buyers will enter the stock based on a reverse head-and-shoulders or some other technical indicator.
Shrinking market share and it looks like they are giving it to ANF/AEO like a few year ago......maybe they will come back in spring
Its interested that they give no guidance for Q4 but based on Q3 the should have cut guidance like most retailers with comparable Q3 performance...why is this company not as transparent as the rest ?
Revenues down 4% in the third quarter and the stock is down 43% YTD. There isn't much positive sentiment here for sure.
After watching retailers get absolutely creamed on EPS i want to see what happens with Buckle tomorrow. I would be scared to go long before EPS but maybe tomorrow will be a good long opportunity. I actually shop at Buckle and have always liked the store but I also liked Fossil a lot too. I will watch tomorrow and see what happens. Good luck to anyone with a position.
Looks ripe for a bounce up. Agree with others here. The stock is still out of favor and I'd expect some further price reduction. Say a 1.50 to as much as 3. I personally am looking for some price firming before buying. GLTA
The average special dividend over the last 5 years was $2.74 and the quarterly dividend is $.23. Based on those numbers you could expect an annual income of $3.43 per-share. That makes the current yield about 10.4%
Other mall retailers have seen weak comps over the last couple of quarters, so I don't think that is indicative of an issue with BKE alone. Beyond that, The Buckle doesn't sell their own branded clothing, so they aren't too exposed to risks related to a particular brand falling out of popularity.
We've seen P/E dip down to 9.xx, so I don't think that expecting a nice income yield is uncalled for here. This is oversold.
Pacific Sunwear is completely undervalued. $800 Mil + in REVS. Cost cutting measures being implemented as we speak for a prosperous New Year.
Sentiment: Strong Buy
The athletic business continues to strengthen in women's & this will continue to negatively impact the womens sales at the Buckle.
Be vet carful if you are hold this stock long and I wouldn't short the stock since you will probably see a bounce
I've bought and sold this stock a few times over the last 6-7 years with good success. This is a range-bound stock that is bouncing off 52 week lows and the special dividend is looming within the next quarter. I think this is a money maker over then next several weeks.