The Buckle, Inc. (NYSE:BKE) CEO Sells $84,239.20 in Stock

The Buckle, Inc. (NYSE:BKE) CEO Dennis H. Nelson sold 2,320 shares of the company’s stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of $36.31, for a total value of $84,239.20. Following the completion of the sale, the chief executive officer now owns 1,743,375 shares of the company’s stock, valued at $63,301,946.25. This trade represents a 0.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Buckle Stock Performance

NYSE BKE opened at $34.87 on Friday. The Buckle, Inc. has a 1 year low of $33.12 and a 1 year high of $54.25. The business’s fifty day moving average is $39.18 and its two-hundred day moving average is $44.75. The stock has a market capitalization of $1.78 billion, a P/E ratio of 8.85 and a beta of 0.91.

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

Buckle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend is Tuesday, April 15th. Buckle’s dividend payout ratio is presently 36.08%.

Wall Street Analyst Weigh In

BKE has been the subject of several research analyst reports. StockNews.com lowered Buckle from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. UBS Group reduced their price objective on shares of Buckle from $43.00 to $41.00 and set a “neutral” rating for the company in a research report on Tuesday, March 18th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. First Trust Advisors LP lifted its position in shares of Buckle by 9.0% in the 4th quarter. First Trust Advisors LP now owns 1,663,407 shares of the company’s stock valued at $84,518,000 after acquiring an additional 137,972 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Buckle by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,357,095 shares of the company’s stock valued at $68,957,000 after purchasing an additional 10,178 shares during the period. State Street Corp lifted its holdings in shares of Buckle by 5.7% in the third quarter. State Street Corp now owns 1,338,395 shares of the company’s stock valued at $58,849,000 after purchasing an additional 72,532 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Buckle by 5.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,286,212 shares of the company’s stock worth $65,352,000 after buying an additional 69,258 shares during the period. Finally, American Century Companies Inc. grew its holdings in shares of Buckle by 12.0% during the fourth quarter. American Century Companies Inc. now owns 937,525 shares of the company’s stock valued at $47,636,000 after buying an additional 100,173 shares in the last quarter. 53.93% of the stock is owned by hedge funds and other 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.