The Buckle, Inc. (NYSE:BKE) CEO Sells $907,090.55 in Stock

The Buckle, Inc. (NYSE:BKE) CEO Dennis H. Nelson sold 20,453 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $44.35, for a total value of $907,090.55. Following the completion of the transaction, the chief executive officer now owns 1,883,905 shares in the company, valued at approximately $83,551,186.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Buckle Trading Down 1.7 %

Buckle stock opened at $43.85 on Friday. The Buckle, Inc. has a 12 month low of $30.31 and a 12 month high of $48.15. The business’s 50 day simple moving average is $41.54 and its 200 day simple moving average is $38.96. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 10.34 and a beta of 1.13.

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

Buckle Dividend Announcement

The firm also recently announced 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 is Friday, October 11th. This represents a $1.40 dividend on an annualized basis and a yield of 3.19%. Buckle’s payout ratio is 33.02%.

Institutional Investors Weigh In On Buckle

A number of hedge funds and other institutional investors have recently bought and sold shares of BKE. TFO Wealth Partners LLC lifted its holdings in shares of 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 in the last quarter. Quadrant Capital Group LLC lifted its stake 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 in the last quarter. EntryPoint Capital LLC bought a new position in Buckle in the 1st quarter valued at $70,000. CWM LLC grew its position in shares of Buckle by 119.9% during the 2nd quarter. CWM LLC now owns 2,010 shares of the company’s stock valued at $74,000 after purchasing an additional 1,096 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Buckle in the fourth quarter worth $103,000. Institutional investors own 53.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on BKE shares. StockNews.com downgraded Buckle from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. UBS Group dropped their price objective on Buckle from $32.00 to $31.00 and set a “sell” rating on the stock in a research note on Monday, August 26th.

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, Salvage, Red by BKE, Daytrip, Gimmicks, Gilded Intent, FITZ + EDDI, Willow & Root, Outpost Makers, Departwest, Sterling & Stitch, Reclaim, BKE Vintage, Nova Industries, J.B.