The Buckle, Inc. (NYSE:BKE) CEO Dennis H. Nelson Sells 15,340 Shares

The Buckle, Inc. (NYSE:BKE) CEO Dennis H. Nelson sold 15,340 shares of Buckle stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $39.51, for a total value of $606,083.40. Following the completion of the transaction, the chief executive officer now owns 1,663,035 shares in the company, valued at approximately $65,706,512.85. This represents a 0.91 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Buckle Trading Up 1.3 %

NYSE:BKE opened at $38.33 on Friday. The stock has a market cap of $1.95 billion, a P/E ratio of 9.73 and a beta of 1.17. The stock’s 50-day moving average is $45.95 and its 200-day moving average is $45.80. The Buckle, Inc. has a 1-year low of $34.87 and a 1-year high of $54.25.

Buckle Cuts Dividend

The company also recently declared a special dividend, which was paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th were issued a dividend of $2.50 per share. This represents a dividend yield of 2.6%. The ex-dividend date was Wednesday, January 15th. Buckle’s dividend payout ratio (DPR) is currently 35.53%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. UBS Group upgraded Buckle from a “sell” rating to a “neutral” rating and lifted their target price for the company from $31.00 to $46.00 in a research report on Tuesday, November 12th. StockNews.com cut Buckle from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th.

Institutional Trading of Buckle

Several hedge funds and other institutional investors have recently made changes to their positions in BKE. SBI Securities Co. Ltd. bought a new stake in shares of Buckle during the fourth quarter worth about $31,000. Caption Management LLC bought a new stake in shares of Buckle during the fourth quarter worth about $36,000. Quarry LP grew its holdings in shares of Buckle by 60.9% during the third quarter. Quarry LP now owns 938 shares of the company’s stock worth $41,000 after purchasing an additional 355 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Buckle by 268.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 825 shares of the company’s stock valued at $42,000 after acquiring an additional 601 shares during the last quarter. Finally, Bellwether Advisors LLC acquired a new stake in Buckle during the 4th quarter valued at approximately $43,000. 53.93% of the stock is currently owned by institutional investors.

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.