Insider Selling: The Buckle, Inc. (NYSE:BKE) CEO Sells 20,453 Shares of Stock

The Buckle, Inc. (NYSE:BKE) CEO Dennis H. Nelson sold 20,453 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $43.00, for a total transaction of $879,479.00. Following the sale, the chief executive officer now owns 1,842,999 shares in the company, valued at approximately $79,248,957. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Buckle Stock Performance

Shares of BKE opened at $42.39 on Friday. The Buckle, Inc. has a fifty-two week low of $32.16 and a fifty-two week high of $48.15. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 10.00 and a beta of 1.13. The firm has a 50 day moving average price of $42.72 and a 200-day moving average price of $39.70.

Buckle (NYSE:BKE) last posted its quarterly earnings results on Friday, August 23rd. The company reported $0.78 earnings per share for the quarter. Buckle had a net margin of 16.69% and a return on equity of 46.17%. The business had revenue of $282.39 million during the quarter.

Buckle Announces Dividend

The business also recently announced 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 yield of 3.30%. The ex-dividend date of this dividend was Friday, October 11th. Buckle’s dividend payout ratio is presently 33.02%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on BKE shares. UBS Group lowered their price target on Buckle from $32.00 to $31.00 and set a “sell” rating on the stock in a research report on Monday, August 26th. StockNews.com cut Buckle from a “buy” rating to a “hold” rating in a report on Friday, August 2nd.

Hedge Funds Weigh In On Buckle

Several institutional investors and hedge funds have recently bought and sold shares of BKE. Vanguard Group Inc. boosted its stake in shares of Buckle by 0.6% during the first quarter. Vanguard Group Inc. now owns 4,311,848 shares of the company’s stock valued at $173,638,000 after purchasing an additional 24,051 shares during the period. Edgestream Partners L.P. purchased a new stake in Buckle during the 1st quarter valued at $3,073,000. Caxton Associates LP bought a new stake in Buckle in the 1st quarter worth $804,000. Sei Investments Co. purchased a new position in shares of Buckle in the first quarter valued at about $856,000. Finally, BNP Paribas Financial Markets raised its stake in shares of Buckle by 67.9% during the first quarter. BNP Paribas Financial Markets now owns 110,875 shares of the company’s stock valued at $4,465,000 after acquiring an additional 44,850 shares during the last quarter. 53.93% of the stock is currently owned by institutional investors.

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.