The Buckle, Inc. (NYSE:BKE) CEO Sells $579,852.00 in Stock

The Buckle, Inc. (NYSE:BKE) CEO Dennis H. Nelson sold 15,340 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $37.80, for a total value of $579,852.00. Following the sale, the chief executive officer now owns 1,950,377 shares of the company’s stock, valued at $73,724,250.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Buckle Price Performance

Shares of NYSE BKE opened at $41.02 on Friday. The business has a 50-day moving average of $38.17 and a 200-day moving average of $38.23. The Buckle, Inc. has a 1-year low of $30.31 and a 1-year high of $48.15. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 9.67 and a beta of 1.14.

Buckle (NYSE:BKE) last announced its earnings results on Friday, May 24th. The company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.05). Buckle had a net margin of 17.07% and a return on equity of 48.21%. The business had revenue of $262.50 million for the quarter, compared to analyst estimates of $262.50 million. During the same quarter in the prior year, the business earned $0.86 earnings per share. The firm’s revenue was down 7.0% on a year-over-year basis.

Buckle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Friday, July 12th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend was Friday, July 12th. Buckle’s dividend payout ratio (DPR) is currently 33.02%.

Analysts Set New Price Targets

Several research analysts recently commented on BKE shares. UBS Group cut their price target on shares of Buckle from $34.00 to $32.00 and set a “sell” rating on the stock in a report on Wednesday, May 15th. StockNews.com downgraded shares of Buckle from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd.

Institutional Trading of Buckle

A number of hedge funds have recently made changes to their positions in BKE. Asset Management One Co. Ltd. acquired a new position in Buckle in the fourth quarter worth about $1,891,000. Vanguard Group Inc. boosted its stake in Buckle by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 4,311,848 shares of the company’s stock valued at $173,638,000 after purchasing an additional 24,051 shares during the period. New York State Common Retirement Fund grew its position in Buckle by 15.1% in the 4th quarter. New York State Common Retirement Fund now owns 226,544 shares of the company’s stock worth $10,765,000 after purchasing an additional 29,787 shares during the last quarter. Edgestream Partners L.P. acquired a new position in Buckle during the 1st quarter worth $3,073,000. Finally, Caxton Associates LP bought a new stake in shares of Buckle during the first quarter valued at about $804,000. Institutional investors and hedge funds own 53.93% of the company’s stock.

About Buckle

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.