The Buckle, Inc. (NYSE:BKE) Director Karen B. Rhoads Sells 9,500 Shares of Stock

The Buckle, Inc. (NYSE:BKE) Director Karen B. Rhoads sold 9,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $51.63, for a total transaction of $490,485.00. Following the completion of the transaction, the director now owns 214,089 shares of the company’s stock, valued at $11,053,415.07. The trade was a 4.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Buckle Trading Up 1.1 %

BKE stock opened at $51.80 on Wednesday. The stock has a market capitalization of $2.63 billion, a P/E ratio of 13.15 and a beta of 1.14. The firm has a 50-day moving average price of $44.32 and a 200-day moving average price of $40.98. The Buckle, Inc. has a 12 month low of $34.87 and a 12 month high of $52.17.

Buckle (NYSE:BKE) last issued its quarterly earnings data on Friday, November 22nd. The company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.01). The company had revenue of $293.60 million during the quarter, compared to the consensus estimate of $293.60 million. Buckle had a net margin of 16.21% and a return on equity of 44.11%. Buckle’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.04 EPS.

Buckle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.70%. The ex-dividend date was Friday, October 11th. Buckle’s dividend payout ratio (DPR) is 35.53%.

Analyst Ratings Changes

A number of brokerages recently issued reports on BKE. UBS Group raised shares of Buckle from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $31.00 to $46.00 in a research note on Tuesday, November 12th. StockNews.com raised Buckle from a “hold” rating to a “buy” rating in a report on Monday, November 18th.

Hedge Funds Weigh In On Buckle

Institutional investors and hedge funds have recently bought and sold shares of the company. Blue Trust Inc. boosted its stake in shares of Buckle by 52.0% during the third quarter. Blue Trust Inc. now owns 789 shares of the company’s stock valued at $35,000 after purchasing an additional 270 shares in the last quarter. Quarry LP boosted its position in Buckle by 60.9% during the 3rd quarter. Quarry LP now owns 938 shares of the company’s stock worth $41,000 after buying an additional 355 shares during the period. CWM LLC grew its holdings in Buckle by 119.9% during the 2nd quarter. CWM LLC now owns 2,010 shares of the company’s stock worth $74,000 after acquiring an additional 1,096 shares during the last quarter. Quest Partners LLC acquired a new position in Buckle in the 3rd quarter valued at approximately $86,000. Finally, Signaturefd LLC raised its stake in shares of 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. 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.