The Buckle, Inc. (NYSE:BKE) CEO Sells $1,054,761.21 in Stock

The Buckle, Inc. (NYSE:BKE) CEO Dennis H. Nelson sold 20,453 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $51.57, for a total transaction of $1,054,761.21. Following the completion of the transaction, the chief executive officer now owns 1,739,734 shares in the company, valued at $89,718,082.38. The trade was a 1.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Buckle Price Performance

Shares of BKE opened at $50.28 on Friday. The Buckle, Inc. has a one year low of $34.87 and a one year high of $54.25. The company has a 50-day simple moving average of $49.97 and a two-hundred day simple moving average of $44.26. The firm has a market capitalization of $2.55 billion, a PE ratio of 12.76 and a beta of 1.15.

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

Buckle Cuts Dividend

The firm also recently announced a special dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th will be given a $2.50 dividend. This represents a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, January 15th. Buckle’s dividend payout ratio is presently 35.53%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Blue Trust Inc. increased its stake in shares of Buckle by 52.0% during the third quarter. Blue Trust Inc. now owns 789 shares of the company’s stock valued at $35,000 after purchasing an additional 270 shares in the last quarter. Quarry LP increased its position in Buckle by 60.9% during the 3rd quarter. Quarry LP now owns 938 shares of the company’s stock valued at $41,000 after buying an additional 355 shares in the last quarter. Quest Partners LLC bought a new position in Buckle during the 3rd quarter valued at approximately $86,000. Signaturefd LLC raised its stake in Buckle by 38.7% during the third quarter. Signaturefd LLC now owns 2,236 shares of the company’s stock valued at $98,000 after buying an additional 624 shares during the last quarter. Finally, CWM LLC boosted its holdings in Buckle by 85.3% in the third quarter. CWM LLC now owns 3,725 shares of the company’s stock worth $164,000 after acquiring an additional 1,715 shares in the last quarter. 53.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BKE. StockNews.com upgraded Buckle from a “hold” rating to a “buy” rating in a report on Friday, January 3rd. UBS Group upgraded shares of Buckle from a “sell” rating to a “neutral” rating and lifted their price target for the company from $31.00 to $46.00 in a report on Tuesday, November 12th.

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.