Buckle, Inc. (The) (NYSE:BKE) VP Kyle Hanson sold 4,100 shares of the company’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $15.95, for a total value of $65,395.00. Following the transaction, the vice president now directly owns 24,900 shares in the company, valued at $397,155. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Buckle, Inc. (NYSE BKE) traded up 2.80% during trading on Friday, hitting $16.55. The stock had a trading volume of 196,717 shares. The stock’s 50 day moving average price is $15.78 and its 200-day moving average price is $16.79. Buckle, Inc. has a one year low of $13.50 and a one year high of $27.10. The stock has a market cap of $798.01 million, a P/E ratio of 9.20 and a beta of 0.92.
Buckle, Inc. (The) (NYSE:BKE) last announced its quarterly earnings data on Thursday, August 17th. The company reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.01. Buckle, Inc. (The) had a net margin of 9.40% and a return on equity of 19.96%. The business had revenue of $195.65 million for the quarter, compared to analyst estimates of $195.97 million. During the same period last year, the business earned $0.32 EPS. The company’s revenue was down 7.8% on a year-over-year basis. Analysts expect that Buckle, Inc. will post $1.62 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.00 annualized dividend and a yield of 6.21%. Buckle, Inc. (The)’s dividend payout ratio is currently 55.56%.
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A number of large investors have recently made changes to their positions in BKE. Municipal Employees Retirement System of Michigan raised its stake in Buckle, Inc. (The) by 4.6% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,650 shares of the company’s stock worth $118,000 after acquiring an additional 290 shares in the last quarter. Mason Street Advisors LLC raised its stake in Buckle, Inc. (The) by 8.2% during the 1st quarter. Mason Street Advisors LLC now owns 6,594 shares of the company’s stock worth $123,000 after acquiring an additional 497 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in Buckle, Inc. (The) by 17.8% during the 1st quarter. Public Employees Retirement System of Ohio now owns 6,988 shares of the company’s stock worth $130,000 after acquiring an additional 1,056 shares in the last quarter. Pacad Investment Ltd. raised its stake in Buckle, Inc. (The) by 750.0% during the 2nd quarter. Pacad Investment Ltd. now owns 8,500 shares of the company’s stock worth $151,000 after acquiring an additional 7,500 shares in the last quarter. Finally, Leucadia National Corp acquired a new stake in Buckle, Inc. (The) during the 2nd quarter worth $181,000. Hedge funds and other institutional investors own 59.46% of the company’s stock.
A number of equities analysts have recently issued reports on the company. ValuEngine downgraded Buckle, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. BidaskClub downgraded Buckle, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Deutsche Bank AG reaffirmed a “sell” rating and set a $15.00 price target on shares of Buckle, Inc. (The) in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research downgraded Buckle, Inc. (The) from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 5th.
Buckle, Inc. (The) Company Profile
The Buckle, Inc is a retailer of casual apparel, footwear and accessories for young men and women. As of January 28, 2017, the Company operated 467 retail stores in 44 states throughout the United States under the names Buckle and The Buckle. The Company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear.
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