Insider Selling: Buckle Inc (BKE) VP Sells 620 Shares of Stock

Buckle Inc (NYSE:BKE) VP Robert J. Harbols sold 620 shares of Buckle stock in a transaction on Thursday, October 25th. The shares were sold at an average price of $20.81, for a total value of $12,902.20. Following the sale, the vice president now directly owns 14,000 shares in the company, valued at approximately $291,340. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Buckle stock traded down $0.47 during mid-day trading on Friday, hitting $20.29. 58,056 shares of the company’s stock traded hands, compared to its average volume of 530,886. The company has a market capitalization of $962.23 million, a P/E ratio of 10.93 and a beta of 0.64. Buckle Inc has a one year low of $16.05 and a one year high of $29.65.

Buckle (NYSE:BKE) last announced its earnings results on Friday, August 24th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. The firm had revenue of $201.10 million for the quarter, compared to the consensus estimate of $201.82 million. Buckle had a return on equity of 23.39% and a net margin of 10.53%. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.24 EPS. Equities research analysts predict that Buckle Inc will post 1.89 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 26th. Shareholders of record on Friday, October 12th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.93%. The ex-dividend date is Thursday, October 11th. Buckle’s payout ratio is currently 54.05%.

A number of institutional investors have recently made changes to their positions in BKE. Itau Unibanco Holding S.A. bought a new stake in Buckle during the 2nd quarter valued at $143,000. Contravisory Investment Management Inc. bought a new stake in shares of Buckle in the 2nd quarter worth $173,000. Piedmont Investment Advisors LLC bought a new stake in shares of Buckle in the 2nd quarter worth $179,000. Zacks Investment Management bought a new stake in shares of Buckle in the 2nd quarter worth $206,000. Finally, Sei Investments Co. raised its stake in shares of Buckle by 46.7% in the 2nd quarter. Sei Investments Co. now owns 8,130 shares of the company’s stock worth $218,000 after buying an additional 2,587 shares in the last quarter. 70.09% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have weighed in on BKE shares. Zacks Investment Research downgraded Buckle from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. ValuEngine downgraded Buckle from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd.

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, BKE Boutique, Red by BKE, Daytrip denim, Gimmicks, Gilded Intent, Outpost Makers, Departwest, and Veece.

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