Dennis H. Nelson Sells 20,453 Shares of The Buckle, Inc. (NYSE:BKE) Stock

The Buckle, Inc. (NYSE:BKE) CEO Dennis H. Nelson sold 20,453 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $42.90, for a total transaction of $877,433.70. Following the completion of the transaction, the chief executive officer now directly owns 1,822,546 shares in the company, valued at $78,187,223.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Buckle Stock Performance

NYSE BKE traded up $1.24 during mid-day trading on Tuesday, reaching $44.18. 351,032 shares of the stock were exchanged, compared to its average volume of 402,345. The stock has a market capitalization of $2.24 billion, a PE ratio of 10.78 and a beta of 1.14. The business’s fifty day simple moving average is $42.78 and its 200 day simple moving average is $39.97. The Buckle, Inc. has a 1-year low of $32.16 and a 1-year high of $48.15.

Buckle (NYSE:BKE) last issued 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 company had revenue of $282.39 million for the quarter.

Buckle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were paid a dividend of $0.35 per share. The ex-dividend date was Friday, October 11th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.17%. Buckle’s dividend payout ratio is presently 34.15%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BKE. Pacer Advisors Inc. raised its holdings in Buckle by 4.5% during the 2nd quarter. Pacer Advisors Inc. now owns 2,100,398 shares of the company’s stock worth $77,589,000 after buying an additional 90,190 shares during the period. American Century Companies Inc. lifted its stake in shares of Buckle by 14.0% in the 2nd quarter. American Century Companies Inc. now owns 716,090 shares of the company’s stock valued at $26,452,000 after purchasing an additional 87,690 shares during the last quarter. Edgestream Partners L.P. acquired a new position in shares of Buckle during the 1st quarter valued at about $3,073,000. Impala Asset Management LLC raised its position in shares of Buckle by 27.4% in the second quarter. Impala Asset Management LLC now owns 254,727 shares of the company’s stock valued at $9,410,000 after purchasing an additional 54,727 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in Buckle by 67.9% during the 1st quarter. BNP Paribas Financial Markets now owns 110,875 shares of the company’s stock worth $4,465,000 after acquiring an additional 44,850 shares during the last quarter. Institutional investors own 53.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. UBS Group reduced their price target 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 downgraded shares of Buckle from a “buy” rating to a “hold” rating in a report on Friday, August 2nd.

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.