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 firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $51.57, for a total value of $1,054,761.21. Following the sale, the chief executive officer now directly owns 1,739,734 shares in the company, valued at approximately $89,718,082.38. This trade represents a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Buckle Trading Down 1.1 %

NYSE BKE opened at $50.20 on Friday. The Buckle, Inc. has a twelve month low of $34.87 and a twelve month high of $54.25. The stock has a 50-day moving average of $49.97 and a 200 day moving average of $44.26. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 12.74 and a beta of 1.15.

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

Buckle Cuts Dividend

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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BKE. Blue Trust Inc. raised its holdings 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 acquiring an additional 270 shares during the last quarter. Unison Advisors LLC raised its stake in Buckle by 0.9% in the 3rd quarter. Unison Advisors LLC now owns 37,859 shares of the company’s stock valued at $1,665,000 after purchasing an additional 334 shares during the last quarter. Quarry LP lifted its holdings in Buckle by 60.9% in the 3rd quarter. Quarry LP now owns 938 shares of the company’s stock valued at $41,000 after purchasing an additional 355 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in Buckle by 0.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 59,961 shares of the company’s stock worth $2,636,000 after purchasing an additional 396 shares during the last quarter. Finally, DGS Capital Management LLC grew its holdings in shares of Buckle by 6.8% during the third quarter. DGS Capital Management LLC now owns 7,131 shares of the company’s stock worth $314,000 after buying an additional 451 shares in the last quarter. Institutional investors and hedge funds own 53.93% of the company’s stock.

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.