Buckle (NYSE:BKE) Price Target Lowered to $31.00 at UBS Group

Buckle (NYSE:BKE) had its price objective decreased by UBS Group from $32.00 to $31.00 in a research report released on Monday, Benzinga reports. UBS Group currently has a sell rating on the stock.

Separately, StockNews.com cut Buckle from a buy rating to a hold rating in a research note on Friday, August 2nd.

Buckle Stock Down 2.9 %

NYSE:BKE opened at $41.70 on Monday. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 9.83 and a beta of 1.14. The company’s 50 day moving average price is $39.58 and its 200-day moving average price is $38.66. Buckle has a 52 week low of $30.31 and a 52 week high of $48.15.

Buckle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Friday, July 12th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, July 12th. This represents a $1.40 annualized dividend and a dividend yield of 3.36%. Buckle’s payout ratio is 33.02%.

Insider Buying and Selling

In other Buckle news, Director John P. Peetz sold 2,500 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $40.26, for a total transaction of $100,650.00. Following the completion of the sale, the director now directly owns 24,623 shares in the company, valued at approximately $991,321.98. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Dennis H. Nelson sold 20,487 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $41.33, for a total value of $846,727.71. Following the completion of the sale, the chief executive officer now directly owns 1,965,717 shares in the company, valued at approximately $81,243,083.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John P. Peetz sold 2,500 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $40.26, for a total value of $100,650.00. Following the completion of the transaction, the director now directly owns 24,623 shares in the company, valued at $991,321.98. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,227 shares of company stock worth $1,563,527. 39.80% of the stock is owned by insiders.

Institutional Trading of Buckle

A number of hedge funds and other institutional investors have recently bought and sold shares of BKE. Creative Planning lifted its position in shares of Buckle by 18.3% during the 2nd quarter. Creative Planning now owns 16,777 shares of the company’s stock valued at $620,000 after buying an additional 2,594 shares in the last quarter. Impala Asset Management LLC lifted its holdings in Buckle by 27.4% during the second quarter. Impala Asset Management LLC now owns 254,727 shares of the company’s stock valued at $9,410,000 after purchasing an additional 54,727 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Buckle by 3.7% during the second quarter. The Manufacturers Life Insurance Company now owns 18,133 shares of the company’s stock valued at $670,000 after purchasing an additional 655 shares in the last quarter. Evergreen Capital Management LLC boosted its position in shares of Buckle by 73.2% in the second quarter. Evergreen Capital Management LLC now owns 9,705 shares of the company’s stock worth $359,000 after purchasing an additional 4,101 shares during the period. Finally, Public Sector Pension Investment Board increased its stake in shares of Buckle by 10.8% in the second quarter. Public Sector Pension Investment Board now owns 66,343 shares of the company’s stock worth $2,451,000 after purchasing an additional 6,466 shares in the last quarter. Hedge funds and other institutional investors own 53.93% of the company’s stock.

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.