The Buckle, Inc. (NYSE:BKE) CEO Dennis H. Nelson Sells 20,453 Shares of Stock

The Buckle, Inc. (NYSE:BKEGet Free Report) CEO Dennis H. Nelson sold 20,453 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $51.57, for a total value of $1,054,761.21. Following the transaction, the chief executive officer now owns 1,739,734 shares of the company’s stock, valued at approximately $89,718,082.38. This trade represents a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Buckle Price Performance

Shares of BKE stock opened at $50.20 on Thursday. The Buckle, Inc. has a 1-year low of $34.87 and a 1-year high of $54.25. The stock has a 50 day simple moving average of $49.82 and a 200-day simple moving average of $44.21. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 12.74 and a beta of 1.15.

Buckle (NYSE:BKEGet Free Report) last posted its quarterly earnings results on Friday, November 22nd. The company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.01). The business had revenue of $293.60 million for the quarter, compared to analyst estimates of $293.60 million. Buckle had a return on equity of 44.11% and a net margin of 16.21%. The business’s revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.04 earnings per share.

Buckle Cuts Dividend

The firm also recently declared a special dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th will be paid a $2.50 dividend. This represents a dividend yield of 2.6%. The ex-dividend date is Wednesday, January 15th. Buckle’s dividend payout ratio (DPR) is presently 35.53%.

Analyst Ratings Changes

A number of research firms have issued reports on BKE. StockNews.com raised Buckle from a “hold” rating to a “buy” rating in a research note on Friday, January 3rd. UBS Group raised shares of Buckle from a “sell” rating to a “neutral” rating and lifted their price target for the company from $31.00 to $46.00 in a research note on Tuesday, November 12th.

Get Our Latest Analysis on BKE

Institutional Trading of Buckle

Institutional investors have recently added to or reduced their stakes in the stock. Impala Asset Management LLC grew its stake in shares of Buckle by 43.3% during the third quarter. Impala Asset Management LLC now owns 365,000 shares of the company’s stock worth $16,049,000 after purchasing an additional 110,273 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in shares of Buckle during the third quarter worth about $4,753,000. Pacer Advisors Inc. lifted its position in Buckle by 4.5% during the 2nd quarter. Pacer Advisors Inc. now owns 2,100,398 shares of the company’s stock worth $77,589,000 after acquiring an additional 90,190 shares during the period. American Century Companies Inc. increased its holdings in shares of Buckle by 14.0% in the second quarter. American Century Companies Inc. now owns 716,090 shares of the company’s stock valued at $26,452,000 after purchasing an additional 87,690 shares during the period. Finally, State Street Corp grew its position in Buckle by 5.7% in the 3rd quarter. State Street Corp now owns 1,338,395 shares of the company’s stock valued at $58,849,000 after buying an additional 72,532 shares during the last quarter. Institutional investors and hedge funds own 53.93% of the company’s stock.

Buckle Company Profile

(Get Free Report)

The Buckle, Inc operates as a retailer of casual apparel, footwear, and accessories for young men and women in the United States. It markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear, as well as private label merchandise primarily comprising BKE, Buckle Black, Salvage, Red by BKE, Daytrip, Gimmicks, Gilded Intent, FITZ + EDDI, Willow & Root, Outpost Makers, Departwest, Sterling & Stitch, Reclaim, BKE Vintage, Nova Industries, J.B.

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Insider Buying and Selling by Quarter for Buckle (NYSE:BKE)

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