The Buckle, Inc. (NYSE:BKE - Get Free Report) CEO Dennis H. Nelson sold 2,105 shares of the firm's stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $36.36, for a total transaction of $76,537.80. Following the completion of the sale, the chief executive officer now owns 1,728,250 shares of the company's stock, valued at $62,839,170. The trade was a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Buckle Stock Performance
Shares of BKE opened at $34.88 on Friday. The firm has a market capitalization of $1.78 billion, a P/E ratio of 8.85 and a beta of 0.91. The Buckle, Inc. has a 52 week low of $33.12 and a 52 week high of $54.25. The stock has a 50 day moving average price of $37.34 and a two-hundred day moving average price of $44.17.
Buckle (NYSE:BKE - Get Free Report) last released its quarterly earnings results on Friday, March 14th. The company reported $1.53 EPS for the quarter, beating analysts' consensus estimates of $1.44 by $0.09. The business had revenue of $379.20 million during the quarter, compared to analyst estimates of $378.97 million. Buckle had a return on equity of 44.11% and a net margin of 16.21%. Buckle's quarterly revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.59 EPS.
Buckle Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 15th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend is Tuesday, April 15th. Buckle's payout ratio is 36.08%.
Wall Street Analyst Weigh In
A number of analysts recently commented on BKE shares. StockNews.com lowered Buckle from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. UBS Group reduced their price objective on Buckle from $43.00 to $41.00 and set a "neutral" rating for the company in a research note on Tuesday, March 18th.
Read Our Latest Research Report on Buckle
Institutional Investors Weigh In On Buckle
A number of hedge funds have recently made changes to their positions in BKE. Mirae Asset Global Investments Co. Ltd. increased its position in Buckle by 12.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,377 shares of the company's stock worth $926,000 after buying an additional 2,727 shares during the last quarter. Illinois Municipal Retirement Fund increased its holdings in Buckle by 5.7% in the 1st quarter. Illinois Municipal Retirement Fund now owns 16,566 shares of the company's stock worth $635,000 after acquiring an additional 887 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in Buckle by 22.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 47,610 shares of the company's stock worth $1,824,000 after acquiring an additional 8,883 shares during the last quarter. SummerHaven Investment Management LLC raised its stake in Buckle by 1.4% in the 1st quarter. SummerHaven Investment Management LLC now owns 21,348 shares of the company's stock valued at $818,000 after acquiring an additional 302 shares during the period. Finally, Redhawk Wealth Advisors Inc. lifted its holdings in Buckle by 36.6% during the first quarter. Redhawk Wealth Advisors Inc. now owns 21,541 shares of the company's stock valued at $825,000 after purchasing an additional 5,771 shares during the last quarter. 53.93% of the stock is currently owned by institutional investors.
About Buckle
(
Get Free Report)
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.
Further Reading
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