The Buckle, Inc. (NYSE:BKE) CEO Sells $557,148.80 in Stock

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

Buckle Stock Up 1.8 %

Shares of NYSE:BKE opened at $39.04 on Friday. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 9.91 and a beta of 1.17. The Buckle, Inc. has a 52 week low of $34.67 and a 52 week high of $54.25. The firm has a 50 day moving average of $42.99 and a 200 day moving average of $45.43.

Buckle (NYSE:BKE) last announced its quarterly earnings data on Friday, March 14th. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.09. The firm had revenue of $379.20 million for the quarter, compared to analyst estimates of $378.97 million. Buckle had a net margin of 16.21% and a return on equity of 44.11%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.59 earnings per share.

Analyst Ratings Changes

Several research firms have recently weighed in on BKE. StockNews.com downgraded shares of Buckle from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. UBS Group decreased their price target on shares of Buckle from $43.00 to $41.00 and set a “neutral” rating for the company in a research note on Tuesday.

Institutional Investors Weigh In On Buckle

Several hedge funds have recently added to or reduced their stakes in BKE. Balyasny Asset Management L.P. boosted its holdings in Buckle by 515.3% in the fourth quarter. Balyasny Asset Management L.P. now owns 294,953 shares of the company’s stock valued at $14,987,000 after purchasing an additional 247,019 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in Buckle by 180.6% in the fourth quarter. Nuveen Asset Management LLC now owns 284,713 shares of the company’s stock valued at $14,466,000 after purchasing an additional 183,257 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in Buckle by 442.8% in the fourth quarter. Teacher Retirement System of Texas now owns 190,450 shares of the company’s stock valued at $9,677,000 after purchasing an additional 155,366 shares during the last quarter. First Trust Advisors LP boosted its holdings in Buckle by 9.0% in the fourth quarter. First Trust Advisors LP now owns 1,663,407 shares of the company’s stock valued at $84,518,000 after purchasing an additional 137,972 shares during the last quarter. Finally, Impala Asset Management LLC boosted its holdings in Buckle by 43.3% in the third quarter. Impala Asset Management LLC now owns 365,000 shares of the company’s stock valued at $16,049,000 after purchasing an additional 110,273 shares during the last quarter. 53.93% of the stock is owned by hedge funds and other institutional investors.

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.