The Buckle, Inc. (NYSE:BKE) Director Sells $490,485.00 in Stock

The Buckle, Inc. (NYSE:BKE) Director Karen B. Rhoads sold 9,500 shares of Buckle stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $51.63, for a total value of $490,485.00. Following the sale, the director now directly owns 214,089 shares of the company’s stock, valued at approximately $11,053,415.07. This trade represents a 4.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Buckle Stock Down 1.1 %

Shares of NYSE:BKE opened at $51.24 on Friday. The stock has a market cap of $2.60 billion, a PE ratio of 13.01 and a beta of 1.14. The company’s fifty day moving average is $44.61 and its 200 day moving average is $41.14. The Buckle, Inc. has a 52 week low of $34.87 and a 52 week high of $52.17.

Buckle (NYSE:BKE) last released its quarterly earnings data on Friday, November 22nd. The company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.01). The company had revenue of $293.60 million during the quarter, compared to analysts’ expectations of $293.60 million. Buckle had a return on equity of 44.11% and a net margin of 16.21%. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.04 EPS.

Buckle Announces Dividend

The business also recently disclosed 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. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date was Friday, October 11th. Buckle’s dividend payout ratio (DPR) is presently 35.53%.

Analysts Set New Price Targets

BKE has been the topic of a number of research reports. UBS Group raised Buckle from a “sell” rating to a “neutral” rating and raised their price objective for the company from $31.00 to $46.00 in a report on Tuesday, November 12th. StockNews.com upgraded shares of Buckle from a “hold” rating to a “buy” rating in a research report on Monday, November 18th.

Institutional Inflows and Outflows

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

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.