The Buckle, Inc. (NYSE:BKE) Director Sells $490,485.00 in Stock

The Buckle, Inc. (NYSE:BKE) Director Karen B. Rhoads sold 9,500 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $51.63, for a total value of $490,485.00. Following the completion of the transaction, the director now owns 214,089 shares of the company’s stock, valued at $11,053,415.07. The trade was a 4.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Buckle Price Performance

NYSE BKE traded up $0.54 during trading hours on Tuesday, reaching $51.80. 636,972 shares of the stock traded hands, compared to its average volume of 405,385. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 13.15 and a beta of 1.14. The stock has a 50 day simple moving average of $44.32 and a two-hundred day simple moving average of $40.98. The Buckle, Inc. has a 1 year low of $34.87 and a 1 year high of $52.17.

Buckle (NYSE:BKE) last posted its quarterly earnings data on Friday, November 22nd. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.01). The firm had revenue of $293.60 million for the quarter, compared to the consensus estimate of $293.60 million. Buckle had a net margin of 16.21% and a return on equity of 44.11%. The business’s revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.04 earnings per share.

Buckle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were issued a dividend of $0.35 per share. The ex-dividend date was Friday, October 11th. This represents a $1.40 annualized dividend and a dividend yield of 2.70%. Buckle’s payout ratio is 35.53%.

Hedge Funds Weigh In On Buckle

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Buckle by 0.6% during 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 in the last quarter. Caxton Associates LP bought a new stake in Buckle in the first quarter worth about $804,000. GSA Capital Partners LLP bought a new stake in Buckle in the third quarter worth about $691,000. Sei Investments Co. bought a new stake in Buckle in the first quarter worth about $856,000. Finally, ProShare Advisors LLC raised its stake in shares of Buckle by 15.7% during the second quarter. ProShare Advisors LLC now owns 125,368 shares of the company’s stock valued at $4,631,000 after acquiring an additional 17,010 shares in the last quarter. 53.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on BKE shares. StockNews.com raised Buckle from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. UBS Group raised Buckle from a “sell” rating to a “neutral” rating and upped their target price for the stock from $31.00 to $46.00 in a report on Tuesday, November 12th.

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.