The Buckle, Inc. (NYSE:BKE) CEO Dennis H. Nelson Sells 15,340 Shares

The Buckle, Inc. (NYSE:BKE) CEO Dennis H. Nelson sold 15,340 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $36.32, for a total transaction of $557,148.80. Following the completion of the transaction, the chief executive officer now owns 1,647,695 shares of the company’s stock, valued at approximately $59,844,282.40. This trade represents a 0.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Buckle Stock Up 1.8 %

BKE opened at $39.04 on Friday. The Buckle, Inc. has a twelve month low of $34.67 and a twelve month high of $54.25. The company has a 50-day moving average price of $42.99 and a 200 day moving average price of $45.43. The company has a market cap of $1.98 billion, a PE ratio of 9.91 and a beta of 1.17.

Buckle (NYSE:BKE) last released its quarterly earnings results on Friday, March 14th. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.09. Buckle had a net margin of 16.21% and a return on equity of 44.11%. The firm had revenue of $379.20 million during the quarter, compared to the consensus estimate of $378.97 million. During the same quarter in the prior year, the firm earned $1.59 EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. StockNews.com downgraded shares of Buckle from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. UBS Group reduced their price target on shares of Buckle from $43.00 to $41.00 and set a “neutral” rating for the company in a research report on Tuesday.

Institutional Trading of Buckle

A number of hedge funds have recently bought and sold shares of BKE. Quest Partners LLC acquired a new stake in Buckle in the 3rd quarter valued at about $86,000. Banque Cantonale Vaudoise raised its holdings in Buckle by 158.4% in the 3rd quarter. Banque Cantonale Vaudoise now owns 6,054 shares of the company’s stock valued at $266,000 after acquiring an additional 3,711 shares during the last quarter. Jennison Associates LLC raised its holdings in Buckle by 28.3% in the 3rd quarter. Jennison Associates LLC now owns 32,626 shares of the company’s stock valued at $1,435,000 after acquiring an additional 7,205 shares during the last quarter. Moran Wealth Management LLC raised its holdings in Buckle by 1.5% in the 3rd quarter. Moran Wealth Management LLC now owns 76,437 shares of the company’s stock valued at $3,361,000 after acquiring an additional 1,109 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in Buckle in the 3rd quarter valued at about $1,126,000. Institutional investors and hedge funds own 53.93% of the company’s stock.

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.