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 that occurred on Wednesday, September 18th. The shares were sold at an average price of $44.35, for a total transaction of $907,090.55. Following the completion of the sale, the chief executive officer now directly owns 1,883,905 shares in the company, valued at $83,551,186.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Buckle Stock Down 1.7 %

Shares of BKE stock opened at $43.85 on Friday. The business has a 50-day moving average price of $41.54 and a two-hundred day moving average price of $38.96. The Buckle, Inc. has a 12-month low of $30.31 and a 12-month high of $48.15. The firm has a market cap of $2.23 billion, a P/E ratio of 10.34 and a beta of 1.13.

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

Buckle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Friday, October 11th. Buckle’s dividend payout ratio (DPR) is presently 33.02%.

Institutional Investors Weigh In On Buckle

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Buckle in the 2nd quarter valued at about $539,000. Creative Planning lifted its stake in shares of Buckle by 18.3% in the 2nd quarter. Creative Planning now owns 16,777 shares of the company’s stock valued at $620,000 after acquiring an additional 2,594 shares during the last quarter. Impala Asset Management LLC lifted its stake in shares of Buckle by 27.4% in the 2nd quarter. Impala Asset Management LLC now owns 254,727 shares of the company’s stock valued at $9,410,000 after acquiring an additional 54,727 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Buckle by 3.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,133 shares of the company’s stock valued at $670,000 after acquiring an additional 655 shares during the last quarter. Finally, Evergreen Capital Management LLC lifted its stake in shares of Buckle by 73.2% in the 2nd quarter. Evergreen Capital Management LLC now owns 9,705 shares of the company’s stock valued at $359,000 after acquiring an additional 4,101 shares during the last quarter. Institutional investors own 53.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BKE shares. StockNews.com downgraded shares of Buckle from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. UBS Group dropped their price target on Buckle from $32.00 to $31.00 and set a “sell” rating for the company in a research note on Monday, August 26th.

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.