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

The Buckle, Inc. (NYSE:BKE) CEO Dennis H. Nelson sold 20,453 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $51.37, for a total transaction of $1,050,670.61. Following the completion of the transaction, the chief executive officer now owns 1,760,187 shares of the company’s stock, valued at $90,420,806.19. This represents a 1.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Buckle Price Performance

Shares of NYSE:BKE opened at $50.88 on Friday. The business’s 50-day moving average is $47.63 and its 200 day moving average is $42.78. The Buckle, Inc. has a 1 year low of $34.87 and a 1 year high of $54.25. The firm has a market capitalization of $2.58 billion, a P/E ratio of 12.91 and a beta of 1.14.

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

Buckle Cuts Dividend

The business also recently declared a special dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th will be issued a $2.50 dividend. The ex-dividend date is Wednesday, January 15th. This represents a dividend yield of 2.6%. Buckle’s dividend payout ratio is currently 35.53%.

Institutional Investors Weigh In On Buckle

A number of large investors have recently made changes to their positions in BKE. Blue Trust Inc. raised its stake in Buckle by 52.0% in the 3rd quarter. Blue Trust Inc. now owns 789 shares of the company’s stock worth $35,000 after acquiring an additional 270 shares during the last quarter. Unison Advisors LLC increased its holdings in shares of Buckle by 0.9% in the third quarter. Unison Advisors LLC now owns 37,859 shares of the company’s stock valued at $1,665,000 after purchasing an additional 334 shares during the period. Quarry LP raised its stake in shares of Buckle by 60.9% in the third quarter. Quarry LP now owns 938 shares of the company’s stock worth $41,000 after purchasing an additional 355 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Buckle by 0.7% during the third quarter. Exchange Traded Concepts LLC now owns 59,961 shares of the company’s stock worth $2,636,000 after purchasing an additional 396 shares during the period. Finally, Louisiana State Employees Retirement System boosted its position in Buckle by 2.8% in the second quarter. Louisiana State Employees Retirement System now owns 14,900 shares of the company’s stock valued at $550,000 after buying an additional 400 shares during the last quarter. 53.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Buckle from a “buy” rating to a “hold” rating in a research report on Friday, December 13th. UBS Group raised shares of Buckle from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $31.00 to $46.00 in a report on Tuesday, November 12th.

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.