The Buckle, Inc. (NYSE:BKE) SVP Sells $661,600.00 in Stock

The Buckle, Inc. (NYSE:BKE) SVP Brett P. Milkie sold 16,000 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $41.35, for a total transaction of $661,600.00. Following the completion of the sale, the senior vice president now owns 80,170 shares of the company’s stock, valued at approximately $3,315,029.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Buckle Stock Down 2.1 %

Shares of NYSE BKE opened at $41.53 on Thursday. The Buckle, Inc. has a 52 week low of $30.31 and a 52 week high of $48.15. The firm has a 50-day moving average price of $40.58 and a 200 day moving average price of $38.81. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 9.79 and a beta of 1.13.

Buckle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.37%. The ex-dividend date is Friday, October 11th. Buckle’s dividend payout ratio (DPR) is 33.02%.

Institutional Trading of Buckle

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Buckle by 0.6% in the first quarter. Vanguard Group Inc. now owns 4,311,848 shares of the company’s stock valued at $173,638,000 after purchasing an additional 24,051 shares during the period. Edgestream Partners L.P. purchased a new position in Buckle during the 1st quarter valued at about $3,073,000. Caxton Associates LP purchased a new position in Buckle during the 1st quarter valued at about $804,000. Sei Investments Co. purchased a new position in Buckle during the 1st quarter valued at about $856,000. Finally, BNP Paribas Financial Markets increased its holdings in Buckle by 67.9% during the 1st quarter. BNP Paribas Financial Markets now owns 110,875 shares of the company’s stock valued at $4,465,000 after acquiring an additional 44,850 shares in the last quarter. Institutional investors and hedge funds own 53.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BKE. StockNews.com cut shares of Buckle from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. UBS Group reduced their price objective on shares of Buckle from $32.00 to $31.00 and set a “sell” rating for the company in a research note on Monday, August 26th.

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.