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 firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $53.18, for a total value of $1,087,690.54. Following the transaction, the chief executive officer now directly owns 1,781,640 shares of the company’s stock, valued at $94,747,615.20. The trade was a 1.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Buckle Trading Down 0.5 %

Shares of Buckle stock traded down $0.28 during trading hours on Tuesday, reaching $53.80. 75,315 shares of the company’s stock were exchanged, compared to its average volume of 403,674. The Buckle, Inc. has a 52-week low of $34.87 and a 52-week high of $54.25. The company has a fifty day moving average of $45.12 and a 200-day moving average of $41.47. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 13.63 and a beta of 1.14.

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

Buckle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend was Friday, October 11th. Buckle’s dividend payout ratio is currently 35.53%.

Institutional Trading of Buckle

Several institutional investors have recently made changes to their positions in BKE. Impala Asset Management LLC raised its holdings in Buckle by 43.3% in the third quarter. Impala Asset Management LLC now owns 365,000 shares of the company’s stock valued at $16,049,000 after buying an additional 110,273 shares during the period. Landscape Capital Management L.L.C. purchased a new position in shares of Buckle in the 3rd quarter valued at $4,753,000. Pacer Advisors Inc. lifted its holdings in shares of Buckle by 4.5% during the 2nd quarter. Pacer Advisors Inc. now owns 2,100,398 shares of the company’s stock valued at $77,589,000 after acquiring an additional 90,190 shares in the last quarter. American Century Companies Inc. boosted its position in Buckle by 14.0% during the 2nd quarter. American Century Companies Inc. now owns 716,090 shares of the company’s stock worth $26,452,000 after purchasing an additional 87,690 shares during the period. Finally, State Street Corp increased its holdings in Buckle by 5.7% in the 3rd quarter. State Street Corp now owns 1,338,395 shares of the company’s stock valued at $58,849,000 after purchasing an additional 72,532 shares in the last quarter. 53.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BKE has been the topic of a number of analyst reports. UBS Group raised Buckle from a “sell” rating to a “neutral” rating and increased their price objective for the company from $31.00 to $46.00 in a research note on Tuesday, November 12th. StockNews.com raised shares of Buckle from a “hold” rating to a “buy” rating in a research note on Monday, November 18th.

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.