Robert M. Carlberg Sells 1,500 Shares of The Buckle, Inc. (NYSE:BKE) Stock


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The Buckle, Inc. (NYSE:BKE) SVP Robert M. Carlberg sold 1,500 shares of the business’s stock in a transaction dated Monday, January 11th. The shares were sold at an average price of $33.45, for a total value of $50,175.00. Following the transaction, the senior vice president now owns 102,570 shares in the company, valued at $3,430,966.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of BKE opened at $33.09 on Thursday. The company has a market capitalization of $1.63 billion, a P/E ratio of 14.51 and a beta of 1.23. The Buckle, Inc. has a one year low of $11.76 and a one year high of $34.54. The business’s 50 day simple moving average is $30.26 and its 200-day simple moving average is $22.91.

The Buckle (NYSE:BKE) last announced its earnings results on Thursday, November 19th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.55 by $0.30. The business had revenue of $251.01 million for the quarter, compared to the consensus estimate of $251.00 million. The Buckle had a return on equity of 27.47% and a net margin of 13.07%. Sell-side analysts anticipate that The Buckle, Inc. will post 2.3 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 29th. Stockholders of record on Monday, December 21st were issued a $2.30 dividend. This is an increase from The Buckle’s previous quarterly dividend of $0.30. This represents a $9.20 annualized dividend and a dividend yield of 27.80%. The ex-dividend date of this dividend was Friday, December 18th. The Buckle’s payout ratio is presently 56.07%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. O Shaughnessy Asset Management LLC boosted its holdings in shares of The Buckle by 2.6% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 17,576 shares of the company’s stock worth $359,000 after acquiring an additional 453 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in The Buckle by 1.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 26,816 shares of the company’s stock worth $546,000 after buying an additional 490 shares in the last quarter. Cambria Investment Management L.P. lifted its holdings in The Buckle by 1.6% during the 3rd quarter. Cambria Investment Management L.P. now owns 37,964 shares of the company’s stock worth $774,000 after buying an additional 594 shares in the last quarter. Bank of Montreal Can lifted its holdings in The Buckle by 14.5% during the 2nd quarter. Bank of Montreal Can now owns 4,768 shares of the company’s stock worth $77,000 after buying an additional 602 shares in the last quarter. Finally, American International Group Inc. lifted its holdings in The Buckle by 3.2% during the 2nd quarter. American International Group Inc. now owns 20,468 shares of the company’s stock worth $321,000 after buying an additional 628 shares in the last quarter. 61.34% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have weighed in on the company. ValuEngine raised The Buckle from a “sell” rating to a “hold” rating in a report on Tuesday, November 10th. Zacks Investment Research raised The Buckle from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a report on Wednesday, November 11th.

About The 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, BKE Boutique, Red by BKE, Daytrip denim, Gimmicks, Gilded Intent, FITZ + EDDI, Outpost Makers, Departwest, and Veece.

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