Buckle (NYSE:BKE) Director Sells 8,500 Shares of Company Stock

Buckle, Inc. (The) (NYSE:BKE) Director Bill Fairfield sold 8,500 shares of the company’s stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $46.38, for a total transaction of $394,230.00. Following the completion of the transaction, the director owned 44,408 shares of the company’s stock, valued at $2,059,643.04. This trade represents a 16.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Buckle Stock Down 0.5%

Shares of NYSE:BKE traded down $0.25 during midday trading on Monday, reaching $46.25. 43,818 shares of the company were exchanged, compared to its average volume of 473,988. The firm has a market cap of $2.38 billion, a PE ratio of 10.66 and a beta of 1.14. Buckle, Inc. has a fifty-two week low of $39.44 and a fifty-two week high of $58.52. The stock has a fifty day simple moving average of $43.02 and a two-hundred day simple moving average of $45.90.

Buckle (NYSE:BKE) last announced its earnings results on Friday, August 21st. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. The firm had revenue of $319.82 million during the quarter, compared to analyst estimates of $319.80 million. Buckle had a net margin of 16.62% and a return on equity of 46.91%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.89 EPS.

Buckle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Thursday, October 15th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, October 15th. Buckle’s dividend payout ratio is currently 32.26%.

Institutional Trading of Buckle

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in Buckle in the second quarter valued at approximately $208,888,000. Bank of New York Mellon Corp acquired a new position in shares of Buckle during the 2nd quarter worth approximately $27,466,000. Impala Asset Management LLC acquired a new position in shares of Buckle during the 2nd quarter worth approximately $17,386,000. Lazard Asset Management LLC raised its stake in shares of Buckle by 1,066.8% during the 1st quarter. Lazard Asset Management LLC now owns 297,594 shares of the company’s stock worth $14,987,000 after purchasing an additional 272,088 shares in the last quarter. Finally, Summit Street Capital Management LLC bought a new stake in shares of Buckle during the 2nd quarter worth approximately $11,474,000. Institutional investors own 53.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on BKE shares. UBS Group reissued a “neutral” rating on shares of Buckle in a research report on Monday, August 24th. Weiss Ratings upgraded Buckle from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday. Two investment analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $46.00.

Buckle Company Profile

Buckle, Inc is a specialty retailer of casual apparel, footwear and accessories for young men and women. The company is particularly known for its selection of denim, along with tops, bottoms, dresses, outerwear, shoes, jewelry and other fashion accessories. Buckle sells merchandise under a combination of national brands and proprietary labels.

The company operates retail stores across the United States and also sells products through its e-commerce platform. Its stores generally offer personalized customer service, including denim fitting and tailoring, and are designed to provide a lifestyle-oriented shopping experience.