The Buckle, Inc.NYSE
The Buckle: Time To Pick Up This Out Of Favor Retailer
Thu, Dec. 1, 7:13 AM
Wed, Nov. 30, 11:02 AM
- The trouble at American Eagle Outfitters (AEO -13.4%) is tied very closely to slow traffic at malls in the U.S.
- AEO execs said during today's conference call that Q3 traffic was down low-single digits in A malls and in a mid to high-single digit range at B and C malls.
- The weak holiday quarter guidance from American Eagle has contributed to share price falls for Buckle (BKE -1.2%), Abercrombie & Fitch (ANF -3.4%), Urban Outfitters (URBN -0.9%) and Zumiez (ZUMZ -1%).
- AEO conference call
- Previously: American Eagle Outfitters EPS and revenue in-line (Nov. 30)
- Previously: American Eagle Outfitters stung by holiday quarter guidance (Nov. 30)
Fri, Nov. 25, 11:57 AM
- KeyBanc calls Amazon (AMZN -0.1%) and Wal-Mart (WMT +0.7%) early winners of the Black Friday shopping period based on channel checks.
- The investment firm confirms other reports that mall traffic is light. Within the mall sector, Lululemon (LULU +0.2%), Victoria's Secret (NYSE:LB) and Gaps (GPS -1.4%) are called outperformers - while concerns are raised over Buckle (BKE +0.6%) and Vera Bradley (VRA +0.8%).
- Cowen also sees Wal-Mart as a winner. Pink (LB) and American Eagle Outfitters (AEO +0.2%) are also doing wel, according to analyst Olivia Chen.
- MKM Partners has an eye on margins. The combination of "virtually all" retailers offering broad discounts on store assortment and a low level of inventory heading into the shopping period is striking.
- FBR Capital reiterates the broad theme that online sales are diluting Black Friday store traffic. Despite the overhang - Carter's (CRI +0.2%), Hanesbrands (HBI -0.3%), Chico's (CHS +0.7%) and Children's Place (PLCE +1.3%) are called out by FBR as standouts.
Fri, Nov. 18, 7:18 AM
- Buckle (NYSE:BKE) reports comparable sales fell 15.5% in Q3. Online sales were down 3.7% during the quarter.
- Total sales were down 14.6% to $239.2M in Q3 and YTD sales are down 11.8% to $694.9M.
- Net income was $23.4M vs. $35.9M a year ago.
- The company ended the period with inventory of $148.19M vs. $175.85M a year ago.
- Previously: Buckle misses by $0.04, misses on revenue (Nov. 18)
Fri, Nov. 18, 7:02 AM
Thu, Nov. 17, 5:30 PM
Mon, Nov. 14, 9:59 AM
- Apparel store stocks are moving higher in a relief rally tied to confidence that consumer spending will pick up with some election anxiety in the past.
- Polling from Gallup indicated that consumers went into the election with a sour outlook, a sentiment seen by some investment firms such as Citi as reversing.
- Early movers in the sector include Ascena Retail Group (ASNA +9.7%), Urban Outfitters (URBN +4.4%), Stage Stores (SSI +6.6%), The Children's Place (PLCE +5%), Gap (GPS +4.3%), Buckle (BKE +4.9%), Express (EXPR +5.2%), Abercrombie & Fitch (ANF +3.8%) and Genesco (GCO +3.1%).
- Related: Chico's at 52-week high on post-election confidence (Nov. 14)
- Previously: Companies set to benefit from tax relief (Nov. 14)
Wed, Nov. 9, 1:14 PM
- Retail store chains are breaking higher as investors digest the impact of the GOP sweep.
- A very popular topic on Q3 conference calls was election anxiety in the U.S., with the thought that consumers were holding back.
- An interesting point is that in recent consumer sentiment surveys Republicans showed a sharply lower positive reading on the state of affairs than Democrats. If the theory holds out, close to 60M Trump voters will now open their pocketbooks a bit more.
- Gainers include Fred's (FRED +10.5%), Tuesday Morning (TUES +7.1%), Kroger (KR +4.2%), Whole Foods Market (WFM +2.5%), Supervalu (SVU +4.2%), Ollie's Bargain Outlet Holdings (OLLI +3%) Stage Stores (SSI +6.7%), Build-A-Bear Workshop (BBW +2.7%), Kohl's(KSS +3.3%), Dillard's (DDS +2.2%), Stein Mart (SMRT +4.5%), Tailored Brands (TLRD +4.1%), Guess (GES +3.6%), Gap (GPS +3.1%), Buckle (BKE +3.6%) and PriceSmart (PSMT +1.4%).
Thu, Nov. 3, 7:15 AM
Fri, Oct. 7, 10:20 AM
- Gap (NYSE:GPS) roars out of the gate with a 15% pop after reporting on September sales.
- The company topped estimates for a -3.6% decline with a -3% performance and noted an improvement in merchandise margins.
- Deutsche Bank took off its Sell rating on Gap, moving to Hold with a price target of $24.
- Potential positive factors for Gap that some are touting are that its upcoming comparisons will be somewhat easy to match and consumer spending may be freed up after the election fixation/anxiety is over.
- Those two considerations could apply across the sector if you buy into them.
- Apparel store names riding Gap's coattails today include Abercrombie & Fitch (ANF +3.1%), Francesca's (FRAN +3.6%), Boot Barn (BOOT +3%), Ascena Retail (ASNA +2.4%), Chico's (FAS -0.1%), Urban Outfitters (URBN +2.6%), Buckle (BKE +0.8%), DSW (DSW +2.2%).
- Previously: Gap higher after underlying monthly sales results top estimates (Oct. 6)
Thu, Oct. 6, 7:18 AM| Thu, Oct. 6, 7:18 AM | 4 Comments
Tue, Sep. 13, 7:06 AM
Fri, Sep. 9, 9:27 AM
- A survey from William Blair indicates that teenagers and young adults have increased their visits to malls this year to reverse a multi-year trend.
- In what may come as a surprise, teens ranked malls above movie theaters, restaurants, and sports clubs/extracurriculars as their most popular place to meet.
- Despite the depressed levels of overall sales this year for mall retailers, the read on teens could be a possible indicator that the mall model will evolve and survive, instead of disappear.
- "While overall mall traffic remains challenging, our survey this year noted a material increase in the number of respondents who indicated they are visiting malls more often than last year, perhaps suggesting that malls’ efforts to increase relevancy (through more experiential brands and the addition of attractive entertainment and dining options) are beginning to bear fruit," says Bernstein analyst Sharon Zackfia.
- Mall retailers: AEO, ANF, ASNA, BKE, BOOT, CATO, CBK, CHS, CTRN, DSW, EXPR, FRAN, GCO, GES, GPS, LB, NWY, PLCE, SCVL, SMRT, SSI, TLYS, URBN, LULU.
Thu, Sep. 1, 7:04 AM
Sat, Aug. 27, 11:34 AM
- Many retailers are tightening up this year by reducing their store count or converting more locations to e-commerce fulfillment centers. Analysts note that although the strategy will lower revenue, over time the group should see improved bottom lines as underperforming stores are cut back and online efficiency improves. Amid the skittish trading with chain store stocks there could be some value deals.
- Store chains that currently trade with a PE ratio below 15 and offer a dividend yield of at least 2% include: TLRD, BKE, SMRT, GPS, AEO, CHS, CATO, TGT, KSS, M, HVT, WSM, PIR, BKS, OUTR, ODP, SPLS.
- ETFs: XLY, XRT, VCR, RTH, RETL, FXD, IYC, FDIS, SCC, RCD, UCC, PMR, JHMC, CNDF.
Fri, Aug. 19, 7:15 AM
- Buckle (NYSE:BKE) reports a 10.8% drop in comparable store sales for Q2.
- Selling expenses of $46.07M were flat compared to a year ago, despite the reduced level of sales.
- The company ended the quarter with merchandise inventory of $144.267M, down 3.5% from the level of a year ago.
- Previously: Buckle misses by $0.04, misses on revenue (Aug. 19)