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

The Buckle, Inc. (NYSE:BKE) CEO Dennis H. Nelson sold 20,453 shares of Buckle stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $51.57, for a total value of $1,054,761.21. Following the completion of the transaction, the chief executive officer now owns 1,739,734 shares in the company, valued at approximately $89,718,082.38. This represents a 1.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Buckle Stock Down 1.1 %

Shares of NYSE:BKE traded down $0.55 during midday trading on Wednesday, hitting $50.20. 386,793 shares of the stock traded hands, compared to its average volume of 473,279. The stock has a market capitalization of $2.55 billion, a PE ratio of 12.74 and a beta of 1.15. The Buckle, Inc. has a one year low of $34.87 and a one year high of $54.25. The business’s 50 day moving average is $49.68 and its two-hundred day moving average is $44.17.

Buckle (NYSE:BKE) last released its quarterly earnings results on Friday, November 22nd. The company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.01). The business 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 company’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.04 EPS.

Buckle Cuts Dividend

The business also recently declared a special dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th will be issued a $2.50 dividend. This represents a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, January 15th. Buckle’s dividend payout ratio (DPR) is currently 35.53%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. UBS Group raised Buckle from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $31.00 to $46.00 in a research note on Tuesday, November 12th. StockNews.com raised shares of Buckle from a “hold” rating to a “buy” rating in a research note on Friday, January 3rd.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers increased its position in shares of Buckle by 0.9% during the second quarter. Rhumbline Advisers now owns 100,476 shares of the company’s stock valued at $3,712,000 after buying an additional 937 shares during the period. Victory Capital Management Inc. raised its position in shares of Buckle by 2.2% in the 2nd quarter. Victory Capital Management Inc. now owns 736,132 shares of the company’s stock worth $27,193,000 after acquiring an additional 16,077 shares in the last quarter. Texas Permanent School Fund Corp boosted its position in shares of Buckle by 8.8% during the second quarter. Texas Permanent School Fund Corp now owns 27,807 shares of the company’s stock valued at $1,027,000 after purchasing an additional 2,240 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Buckle by 14.0% during the second 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 in the last quarter. Finally, BOKF NA grew its stake in Buckle by 107.4% in the second quarter. BOKF NA now owns 14,099 shares of the company’s stock worth $521,000 after purchasing an additional 7,300 shares during the period. 53.93% of the stock is currently owned by institutional investors.

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.