The Buckle, Inc. (NYSE:BKE) CEO Sells $1,054,761.21 in Stock

The Buckle, Inc. (NYSE:BKE) CEO Dennis H. Nelson sold 20,453 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $51.57, for a total value of $1,054,761.21. Following the completion of 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 represents a 1.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Buckle Price Performance

Shares of NYSE:BKE traded down $0.55 on Wednesday, hitting $50.20. The company’s stock had a trading volume of 386,793 shares, compared to its average volume of 473,279. The company has a market capitalization of $2.55 billion, a PE ratio of 12.74 and a beta of 1.15. The company has a 50-day simple moving average of $49.68 and a 200 day simple moving average of $44.17. The Buckle, Inc. has a 1 year low of $34.87 and a 1 year high of $54.25.

Buckle (NYSE:BKE) last announced its 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). Buckle had a net margin of 16.21% and a return on equity of 44.11%. The company had revenue of $293.60 million during the quarter, compared to analysts’ expectations of $293.60 million. During the same period in the prior year, the business earned $1.04 earnings per share. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year.

Buckle Cuts Dividend

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

Analysts Set New Price Targets

BKE has been the subject of a number of analyst reports. StockNews.com upgraded shares of Buckle from a “hold” rating to a “buy” rating in a research report on Friday, January 3rd. UBS Group upgraded shares of Buckle from a “sell” rating to a “neutral” rating and boosted their price target for the company from $31.00 to $46.00 in a research report on Tuesday, November 12th.

Institutional Investors Weigh In On Buckle

A number of large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in shares of Buckle by 52.0% in the 3rd quarter. Blue Trust Inc. now owns 789 shares of the company’s stock worth $35,000 after purchasing an additional 270 shares in the last quarter. Quarry LP boosted its stake in Buckle by 60.9% in the third quarter. Quarry LP now owns 938 shares of the company’s stock worth $41,000 after buying an additional 355 shares in the last quarter. Quest Partners LLC bought a new position in Buckle during the third quarter valued at approximately $86,000. Signaturefd LLC grew its position in Buckle by 38.7% during the third quarter. Signaturefd LLC now owns 2,236 shares of the company’s stock valued at $98,000 after acquiring an additional 624 shares during the last quarter. Finally, CWM LLC raised its stake in shares of Buckle by 85.3% during the third quarter. CWM LLC now owns 3,725 shares of the company’s stock worth $164,000 after acquiring an additional 1,715 shares in the last quarter. Hedge funds and other institutional investors own 53.93% of the company’s stock.

Buckle Company Profile

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.