The Buckle, Inc. (NYSE:BKE) CEO Sells $1,050,670.61 in Stock

The Buckle, Inc. (NYSE:BKE) CEO Dennis H. Nelson sold 20,453 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $51.37, for a total value of $1,050,670.61. Following the completion of the sale, the chief executive officer now directly owns 1,760,187 shares of the company’s stock, valued at approximately $90,420,806.19. The trade was a 1.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Buckle Price Performance

Shares of BKE traded up $0.79 on Thursday, hitting $50.43. The company’s stock had a trading volume of 44,035 shares, compared to its average volume of 404,001. The Buckle, Inc. has a fifty-two week low of $34.87 and a fifty-two week high of $54.25. The company has a market capitalization of $2.56 billion, a PE ratio of 12.80 and a beta of 1.14. The company has a 50 day moving average price of $47.45 and a 200 day moving average price of $42.72.

Buckle (NYSE:BKE) last posted its quarterly earnings data on Friday, November 22nd. The company reported $0.88 earnings per share (EPS) 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 analyst estimates of $293.60 million. Buckle had a return on equity of 44.11% and a net margin of 16.21%. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.04 EPS.

Buckle Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BKE. StockNews.com lowered shares of Buckle from a “buy” rating to a “hold” rating in a research report on Friday, December 13th. UBS Group raised shares of Buckle from a “sell” rating to a “neutral” rating and increased their price target for the stock from $31.00 to $46.00 in a research report on Tuesday, November 12th.

Institutional Investors Weigh In On Buckle

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

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.