The Buckle, Inc. (NYSE:BKE) Director Karen B. Rhoads Sells 9,500 Shares

The Buckle, Inc. (NYSE:BKE) Director Karen B. Rhoads sold 9,500 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 214,089 shares of the company’s stock, valued at approximately $11,053,415.07. This represents a 4.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Buckle Trading Down 1.0 %

Buckle stock opened at $51.27 on Thursday. The stock has a 50 day moving average of $44.46 and a two-hundred day moving average of $41.07. The Buckle, Inc. has a twelve month low of $34.87 and a twelve month high of $52.17. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 13.01 and a beta of 1.14.

Buckle (NYSE:BKE) last issued its quarterly earnings results 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). Buckle had a return on equity of 44.11% and a net margin of 16.21%. The company had revenue of $293.60 million for the quarter, compared to analyst estimates of $293.60 million. During the same period in the prior year, the business earned $1.04 earnings per share. Buckle’s revenue for the quarter was down 3.3% compared to the same quarter last year.

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 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 2.73%. Buckle’s dividend payout ratio (DPR) is 35.53%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Buckle

Hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position in Buckle by 52.0% during the 3rd quarter. Blue Trust Inc. now owns 789 shares of the company’s stock worth $35,000 after purchasing an additional 270 shares during the period. Quarry LP boosted its stake in shares of Buckle by 60.9% in the third quarter. Quarry LP now owns 938 shares of the company’s stock valued at $41,000 after buying an additional 355 shares in the last quarter. Quest Partners LLC acquired a new position in Buckle during the third quarter worth $86,000. CWM LLC raised its position in Buckle by 119.9% in the second quarter. CWM LLC now owns 2,010 shares of the company’s stock worth $74,000 after acquiring an additional 1,096 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in Buckle by 38.7% in the third quarter. Signaturefd LLC now owns 2,236 shares of the company’s stock valued at $98,000 after acquiring an additional 624 shares during the period. Institutional investors and hedge funds own 53.93% of the company’s stock.

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.