November 1, 2024

We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
Don't Know Your Password?

New to Zacks? Get started here.
Don't Know Your Password?

You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
OK Cancel
Image: Bigstock
Zacks Equity Research
CVS ULTA BKE TGLS
Trades from $1
You follow Analyst Blog – edit
You follow Zacks Equity Research – edit


The Buckle, Inc. (BKE Free Report) has been witnessing strength across its men’s and women’s businesses as well as in the accessory category for a while. In addition, BKE’s online wing is consistently showing impressive performance. These factors are aiding BKE’s sales.

Last month, Buckle released its second-quarter fiscal 2022 results, wherein net sales inched up 2.3% year over year to $302 million and also surpassed the Zacks Consensus Estimate of $300 million. Comparable store net sales (comps) for the 13-week period ended Jul 30, 2022, rose 1.6% year over year. Online sales also climbed 6.5% to $46.2 million in the reported quarter.

Shares of this on-trend apparel, accessories and footwear retailer have gained 0.5% in the past three months against the industry’s 11.5% decline. Let’s delve deeper.
We note that comps for the four-week period ended Aug 27, 2022, grew 4.6% year over year. This followed comps increases of 1.8% and 5.3% for July and May, respectively, while the metric dipped 1.7% in June. Total net sales jumped 5.8% to $118 million for the month under discussion from $111.6 million reported in the prior-year four-week period ended Aug 28, 2021. Sales increased 4.2% in July and 5.1% in May. However, the metric slipped 1.5% in June.
Zacks Investment Research
Image Source: Zacks Investment Research
This Kearney, NE-based entity witnessed increases in both the men’s and women’s sides of the business. While accessory was the bright spot, the footwear category struggled. On the men’s and women’s sides of the business, total sales increased 8% and 1.5%, respectively, for the four-week period ended Jul 30, 2022. While the men’s business contributed to 54.5% of total sales, the women’s business accounted for 45.5%. For the fiscal month, overall price points on the men’s and women’s sides of the business were up 5% and 6.5%, respectively.

On combining the men’s and women’s categories, accessory sales for August 2022 climbed 12.5%. However, footwear sales dropped 9.5% for the same period. The accessory and footwear categories accounted for 9% and 7%, respectively, of the current fiscal August net sales. Average accessory price points increased 10.5%, while average footwear price points rose 1.5% for the same fiscal month.
This presently Zacks Rank #2 (Buy) player currently operates 442 retail stores in 42 states. During the second quarter of fiscal 2022, Buckle opened two new stores and completed seven remodels, five of which were relocated to the new outdoor shopping centers. For the rest of the current fiscal year, management expects completing 11 additional full remodeling projects as well as inaugurating two additional stores.

We note that the Zacks Consensus Estimate for Buckle’s current financial year sales and earnings per share (EPS) is pegged at $1.38 billion and $5.39, respectively. These estimates suggest growth of 6.8% and 4.5%, respectively, from the corresponding year-ago reported figures.
We highlighted three other top-ranked stocks in the Retail – Wholesale sector, namely Tecnoglass (TGLS Free Report) , Ulta Beauty (ULTA Free Report) and CVS Health (CVS Free Report) .

Tecnoglass manufactures and sells architectural glass and aluminum products for the residential and commercial construction industries. TGLS currently sports a Zacks Rank #1 (Strong Buy).

You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Tecnoglass’ current financial-year sales and earnings per share suggests growth of 28.2% and 47.7%, respectively, from the corresponding year-ago reported figures. TGLS has a trailing four-quarter earnings surprise of 24.4%, on average.

Ulta Beauty, a leading beauty retailer in the United States, currently has a Zacks Rank of 2. ULTA has a trailing four-quarter earnings surprise of 49.8%, on average.

The Zacks Consensus Estimate for Ulta Beauty’s current financial-year sales suggests growth of 10.4% from the corresponding year-ago reported figure. ULTA has an expected EPS growth rate of 10.7% for three-five years.

CVS Health, a pharmacy innovation company with integrated offerings across the entire spectrum of pharmacy care, currently has a Zacks Rank of 2. CVS has a trailing four-quarter earnings surprise of 6.7%, on average. Shares of CVS have risen 7% in the past three months.

The Zacks Consensus Estimate for CVS Health’s current financial-year sales and earnings per share suggests growth of 6.6% and 1.1%, respectively, from the corresponding year-ago reported numbers. CVS has an expected EPS growth rate of 7.7% for three-five years.
CVS Health Corporation (CVS) – free report >>
Ulta Beauty Inc. (ULTA) – free report >>
Buckle, Inc. The (BKE) – free report >>
Tecnoglass Inc. (TGLS) – free report >>
Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next 30-90 days.
Recent stocks from this report have soared up to +178.7% in 3 months – this month’s picks could be even better. See our report’s 7 new picks today, absolutely FREE.
Privacy Policy No cost, no obligation to buy anything ever.
This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor’s Business Daily, Inc.; and Morningstar, Inc.
Copyright 2022 Zacks Investment Research 10 S Riverside Plaza Suite #1600 Chicago, IL 60606
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.63% per year. These returns cover a period from January 1, 1988 through August 1, 2022. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
Visit Performance Disclosure for information about the performance numbers displayed above.
Visit www.zacksdata.com to get our data and content for your mobile app or website.
Real time prices by BATS. Delayed quotes by Sungard.
NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

source

About Author