John P. Peetz Sells 2,500 Shares of The Buckle, Inc. (NYSE:BKE) Stock

The Buckle, Inc. (NYSE:BKE) Director John P. Peetz sold 2,500 shares of Buckle stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $40.26, for a total transaction of $100,650.00. Following the completion of the sale, the director now owns 24,623 shares in the company, valued at approximately $991,321.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Buckle Trading Down 1.9 %

Shares of BKE stock opened at $38.11 on Friday. The company’s fifty day moving average price is $37.23 and its 200-day moving average price is $38.24. The stock has a market cap of $1.94 billion, a PE ratio of 8.99 and a beta of 1.15. The Buckle, Inc. has a 12 month low of $30.31 and a 12 month high of $48.15.

Buckle (NYSE:BKE) last posted its quarterly earnings data on Friday, May 24th. The company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.05). Buckle had a return on equity of 48.21% and a net margin of 17.07%. The business had revenue of $262.50 million for the quarter, compared to the consensus estimate of $262.50 million. During the same period in the previous year, the firm earned $0.86 EPS. The company’s revenue was down 7.0% on a year-over-year basis.

Buckle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, July 12th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend is Friday, July 12th. Buckle’s dividend payout ratio (DPR) is presently 33.02%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BKE shares. UBS Group cut their target price on shares of Buckle from $34.00 to $32.00 and set a “sell” rating on the stock in a research note on Wednesday, May 15th. StockNews.com upgraded Buckle from a “hold” rating to a “buy” rating in a report on Monday, June 24th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Redhawk Wealth Advisors Inc. grew its stake in shares of Buckle by 2.7% in the second quarter. Redhawk Wealth Advisors Inc. now owns 13,927 shares of the company’s stock worth $514,000 after acquiring an additional 370 shares during the last quarter. Unison Advisors LLC grew its position in Buckle by 1.1% during the 4th quarter. Unison Advisors LLC now owns 34,560 shares of the company’s stock valued at $1,642,000 after purchasing an additional 375 shares during the last quarter. Hancock Whitney Corp increased its stake in Buckle by 3.7% during the 1st quarter. Hancock Whitney Corp now owns 15,094 shares of the company’s stock valued at $608,000 after purchasing an additional 533 shares in the last quarter. Arizona State Retirement System increased its stake in Buckle by 6.3% during the 4th quarter. Arizona State Retirement System now owns 9,166 shares of the company’s stock valued at $436,000 after purchasing an additional 547 shares in the last quarter. Finally, TFO Wealth Partners LLC raised its holdings in Buckle by 60,000.0% in the fourth quarter. TFO Wealth Partners LLC now owns 601 shares of the company’s stock worth $29,000 after buying an additional 600 shares during the last quarter. Hedge funds and other institutional investors 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.