Insider Selling: The Buckle, Inc. (NYSE:BKE) CEO Sells $846,727.71 in Stock

The Buckle, Inc. (NYSE:BKE) CEO Dennis H. Nelson sold 20,487 shares of Buckle stock in a transaction on Monday, July 29th. The shares were sold at an average price of $41.33, for a total value of $846,727.71. Following the completion of the sale, the chief executive officer now directly owns 1,965,717 shares of the company’s stock, valued at $81,243,083.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Buckle Trading Down 4.1 %

Shares of NYSE BKE opened at $39.32 on Friday. The Buckle, Inc. has a twelve month low of $30.31 and a twelve month high of $48.15. The stock has a fifty day simple moving average of $37.88 and a 200-day simple moving average of $38.11. The stock has a market capitalization of $2.00 billion, a PE ratio of 9.27 and a beta of 1.14.

Buckle (NYSE:BKE) last released its earnings results on Friday, May 24th. The company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.05). Buckle had a return on equity of 48.21% and a net margin of 17.07%. The company had revenue of $262.50 million for the quarter, compared to analyst estimates of $262.50 million. During the same period in the previous year, the firm earned $0.86 earnings per share. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year.

Buckle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 26th. Investors of record on Friday, July 12th were paid a dividend of $0.35 per share. The ex-dividend date was Friday, July 12th. This represents a $1.40 annualized dividend and a yield of 3.56%. Buckle’s payout ratio is 33.02%.

Wall Street Analysts Forecast Growth

BKE has been the subject of a number of research reports. UBS Group dropped their price objective on Buckle from $34.00 to $32.00 and set a “sell” rating for the company in a research note on Wednesday, May 15th. StockNews.com cut Buckle from a “buy” rating to a “hold” rating in a research note on Friday.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Buckle by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 4,311,848 shares of the company’s stock worth $173,638,000 after purchasing an additional 24,051 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Buckle by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,266,360 shares of the company’s stock worth $60,179,000 after purchasing an additional 14,079 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Buckle by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 941,784 shares of the company’s stock worth $44,754,000 after purchasing an additional 22,050 shares in the last quarter. First Trust Advisors LP grew its stake in Buckle by 30.3% during the 4th quarter. First Trust Advisors LP now owns 768,177 shares of the company’s stock worth $36,504,000 after purchasing an additional 178,794 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of Buckle by 0.6% during the 1st quarter. Advisors Asset Management Inc. now owns 308,092 shares of the company’s stock worth $12,407,000 after acquiring an additional 1,838 shares in the last quarter. 53.93% of the stock is owned by institutional investors and hedge funds.

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.