Buckle Q4 net sales rise 5.3% yr/yr

Overview

• Specialty retailer's fiscal Q4 net sales rose 5.3% yr/yr to $399.1 mln

• Fiscal yr net sales grew 6.6% to $1.298 bln

• Company operates 440 stores in 42 states, closed four stores in fiscal January

Outlook

• Company did not provide specific guidance for future quarters or years

Result Drivers

• COMPARABLE STORE SALES - Comparable store net sales for Q4 increased 3.9%, contributing to overall sales growth

• STORE CLOSURES - Company closed four stores during fiscal January, maintaining 440 stores in 42 states

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the apparel & accessories retailers peer group is "buy."

• Wall Street's median 12-month price target for Buckle Inc is $55.00, about 9% above its February 4 closing price of $50.45

• The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nBw8wHgbba

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