BKE - Buckle: An Attractive Dividend Yield At A Reasonable Price

• Buckle is getting ready to release its earnings next month, for what will be a record year for the company, with annual EPS estimates sitting at $4.80.
• These solid results have been helped by continued margin expansion, helped by reduced discounting, and based on December comparable-store sales, momentum has remained strong.
• While there is likely to be some give-back in earnings next year according to estimates, this looks mostly priced into the stock, with Buckle trading at just 8x FY2022 earnings.
• Given Buckle's attractive dividend yield and reasonable valuation relative to peers, I would view pullbacks below $32.20 as low-risk buying opportunities.

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