The Buckle, Inc. (NYSE:BKE) Sees Significant Decline in Short Interest

The Buckle, Inc. (NYSE:BKE) saw a significant decrease in short interest in August. As of August 31st, there was short interest totalling 2,820,000 shares, a decrease of 7.8% from the August 15th total of 3,060,000 shares. Currently, 9.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 382,700 shares, the short-interest ratio is currently 7.4 days.

Wall Street Analysts Forecast Growth

BKE has been the subject of a number of research analyst reports. UBS Group reduced their target price on Buckle from $32.00 to $31.00 and set a “sell” rating for the company in a report on Monday, August 26th. StockNews.com lowered Buckle from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd.

Insider Buying and Selling at Buckle

In other news, CEO Dennis H. Nelson sold 20,453 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $41.78, for a total transaction of $854,526.34. Following the completion of the sale, the chief executive officer now directly owns 1,904,358 shares of the company’s stock, valued at $79,564,077.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Buckle news, SVP Brett P. Milkie sold 16,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $41.35, for a total value of $661,600.00. Following the completion of the transaction, the senior vice president now directly owns 80,170 shares in the company, valued at $3,315,029.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Dennis H. Nelson sold 20,453 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $41.78, for a total transaction of $854,526.34. Following the sale, the chief executive officer now owns 1,904,358 shares in the company, valued at approximately $79,564,077.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,346 shares of company stock valued at $4,126,478. Corporate insiders own 39.80% of the company’s stock.

Institutional Trading of Buckle

Institutional investors and hedge funds have recently modified their holdings of the company. TFO Wealth Partners LLC lifted its holdings in shares of Buckle by 60,000.0% during 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. Quadrant Capital Group LLC grew its position in Buckle by 527.4% in the 4th quarter. Quadrant Capital Group LLC now owns 985 shares of the company’s stock worth $47,000 after purchasing an additional 828 shares during the last quarter. EntryPoint Capital LLC bought a new position in shares of Buckle during the 1st quarter worth about $70,000. CWM LLC raised its position in shares of Buckle by 119.9% during the second quarter. CWM LLC now owns 2,010 shares of the company’s stock valued at $74,000 after buying an additional 1,096 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Buckle in the fourth quarter valued at about $103,000. 53.93% of the stock is currently owned by institutional investors and hedge funds.

Buckle Trading Down 1.1 %

Shares of NYSE:BKE opened at $44.05 on Thursday. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 10.39 and a beta of 1.13. Buckle has a 1 year low of $30.31 and a 1 year high of $48.15. The business has a fifty day simple moving average of $41.18 and a 200 day simple moving average of $38.87.

Buckle (NYSE:BKE) last posted its earnings results on Friday, August 23rd. The company reported $0.78 EPS for the quarter. Buckle had a net margin of 16.69% and a return on equity of 46.17%. The firm had revenue of $282.39 million for the quarter.

Buckle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $1.40 annualized dividend and a yield of 3.18%. Buckle’s dividend payout ratio (DPR) is presently 33.02%.

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.