The retailer reported on April 5 that same-store sales in March rose 6.4%. Net sales increased 8.9% to $105.5 million."BKE reported March comps up 6.4% versus 8.4% LY, which missed our 8% estimate and Retail Metrics consensus of 7.8%," Sterne Agee analysts wrote in an April 5 report. "Total net sales increased 8.9% to $105.5 million. We believe warm weather in March led to a slower growth rate in denim, which gained mid-singles for both genders compared to double digit gains earlier. Last year, March denim sales grew strong double digits for guys but mid-singles for gals. However, average price points rose for both genders, suggesting price was not a factor and that the slower growth rate was likely across the board (both private label and brands)." Forward Annual Dividend Yield: 1.7% Rated "A- (Buy)" by TheStreet Ratings: The company's fourth-quarter gross profit margin decreased from the prior year. Buckle has strong liquidity. Its Quick Ratio is 1.83, which shows the company can meet its short-term cash needs. In the fourth quarter, stockholders' net worth increased 5.05% from the prior year. TheStreet Ratings' price target is $53.93.
Freeport-McMoRan The mining company is scheduled to report first-quarter earnings on April 18. Analysts, on average, anticipate earnings of 84 cents a share on $4.57 billion in revenue. "We continue to believe that a forced sell down of FCX's Grasberg ownership to 49% or less is unlikely," Bank of America Merrill Lynch analysts wrote in an April 4 report. "We believe this is being used as leverage to increase royalties (currently at 3.5% for copper, 1% for gold) and potentially taxes (e.g. Zambia plans to increase its effective tax rate from 30% to 45% based on copper prices) in exchange for an extension to Grasberg's mining lease after 2021." Forward Annual Dividend Yield: 3.3% Rated "B (Buy)" by TheStreet Ratings: The company's fourth-quarter gross profit margin decreased from the prior year. Freeport-McMoRan is very liquid. Its Quick Ratio is 2.03, which shows the company can meet its short-term cash needs. In the fourth quarter, stockholders' net worth increased 25.09% from the prior year. TheStreet Ratings' price target is $43.66.