The Buckle, Inc. (NYSE:BKE) CEO Sells $557,148.80 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, March 17th. The stock was sold at an average price of $36.32, for a total value of $557,148.80. Following the completion of the sale, the chief executive officer now owns 1,647,695 shares in the company, valued at $59,844,282.40. The trade was a 0.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Buckle Stock Performance

Shares of NYSE:BKE traded up $0.71 during trading on Wednesday, reaching $38.41. 642,544 shares of the stock were exchanged, compared to its average volume of 510,424. The firm’s 50-day moving average price is $43.68 and its 200 day moving average price is $45.55. The Buckle, Inc. has a 12-month low of $34.67 and a 12-month high of $54.25. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 9.75 and a beta of 1.17.

Buckle (NYSE:BKE) last announced its quarterly earnings data on Friday, March 14th. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.09. The company had revenue of $379.20 million during the quarter, compared to analyst estimates of $378.97 million. Buckle had a net margin of 16.21% and a return on equity of 44.11%. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period last year, the business earned $1.59 EPS.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. UBS Group lowered their target price on shares of Buckle from $43.00 to $41.00 and set a “neutral” rating on the stock in a research note on Tuesday. StockNews.com lowered shares of Buckle from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th.

Institutional Investors Weigh In On Buckle

A number of institutional investors have recently added to or reduced their stakes in BKE. SBI Securities Co. Ltd. acquired a new position in shares of Buckle in the fourth quarter worth about $31,000. Caption Management LLC bought a new position in shares of Buckle during the 4th quarter valued at $36,000. Smartleaf Asset Management LLC lifted its position in shares of Buckle by 268.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 825 shares of the company’s stock worth $42,000 after buying an additional 601 shares during the last quarter. Bellwether Advisors LLC bought a new stake in Buckle during the fourth quarter worth approximately $43,000. Finally, Quarry LP grew its stake in Buckle by 60.9% in the 3rd quarter. Quarry LP now owns 938 shares of the company’s stock valued at $41,000 after buying an additional 355 shares during the last quarter. 53.93% of the stock is currently owned by institutional investors and hedge funds.

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.