The Buckle (BKE) is up 60% already this year, explains Joe Terranova. On a pull back I’d buy this stock. They’re doing something right!

Neutral - Price 31.37 on April 1
by Sterne, Agee & Leach

[Our] 37 target on this retailer is based on 11 times our FY10 adjusted EPS estimate plus a projected $8 in cash next year. We believe that BKE continues to comp well, despite the Easter shift (from March in '08 to April in '09), and think the recent First Call consensus estimate of 13.5% for March comps (versus 20.9% last year) is reasonable. We note very difficult upcoming comparisons, especially in April/May against 34% and 34.7%, respectively. Market cap: $1.5 billion.

Joe Terranova liked Green Mountain Coffee Roasters(GMCR) and Buckle(BKE).

Also he’s also watching Chipotle [CMG] as well as Aeropostale [ARO] and The Buckle [BKE] in the retail space – all because they have a large amount of short interest.

If you want to play retail from the long side you have to pick and choose. Tunick likes stores with a fashion trend tailwind such as The Buckle [BKE], Hot Topic [HOTT], Ulta Salon and Cosmetics & Fragrance (ULTA).

PE of 17, a PEG of 1.14, and it pays a yield of 2.3%.

The retailer of medium- to higher-priced apparel for fashion-focused young men and women last Monday announced a $3 special dividend, hiked its payout 20% and declared a 3-for-2 stock split. Buckle (BKE) notched up its quarterly common dividend to 30 cents a share (20 cents post-split) from 25 cents. The $3 bonus and the new quarterly are both payable Oct. 27, and the ex-dividend date for both is Oct. 10. Additional shares resulting from the split will be distributed Oct. 30, with an ex-date of Oct. 31. All three transactions have a record date of Oct. 15. The company has been repurchasing its stock, too. Debt-free Buckle hails from Nebraska, where it was founded in 1948. It paid its first dividend in 2003 and has enriched payouts every year since. In January 2007, it distributed a $2 split-adjusted special dividend and divided its shares 3-for-2.

gaining

i am from Kearney Nebraska and know Danny Hirschfield

"Buckle hiked its quarterly payout 25%, to 25 cents a common share from 20 cents. Disbursement will take place Oct. 26 to investors on the books Oct. 15, and the stock, which yields 2.57%, goes ex-dividend Oct. 11. Debt-free Buckle makes its home in Nebraska, where it was founded in 1948. It paid its first dividend in 2003 and has enhanced it every year. Last December, it declared a 50% payout hike, a 3-for-2 stock split and a split-adjusted special dividend of $2 a share."