Insider Selling: The Buckle, Inc. (NYSE:BKE) CEO Sells 15,340 Shares of Stock

The Buckle, Inc. (NYSE:BKE) CEO Dennis H. Nelson sold 15,340 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $39.51, for a total value of $606,083.40. Following the completion of the sale, the chief executive officer now directly owns 1,663,035 shares in the company, valued at $65,706,512.85. This trade represents a 0.91 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Buckle Trading Down 0.6 %

NYSE BKE traded down $0.21 on Wednesday, reaching $37.56. The company’s stock had a trading volume of 178,501 shares, compared to its average volume of 476,074. The Buckle, Inc. has a 52 week low of $34.87 and a 52 week high of $54.25. The firm has a market cap of $1.91 billion, a PE ratio of 9.53 and a beta of 1.17. The business has a 50-day moving average price of $46.49 and a 200 day moving average price of $45.91.

Buckle Cuts Dividend

The business also recently disclosed a special dividend, which was paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th were paid a $2.50 dividend. The ex-dividend date was Wednesday, January 15th. This represents a dividend yield of 2.6%. Buckle’s dividend payout ratio is currently 35.53%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. UBS Group raised Buckle from a “sell” rating to a “neutral” rating and upped their price target for the company from $31.00 to $46.00 in a report on Tuesday, November 12th. StockNews.com lowered Buckle from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th.

Hedge Funds Weigh In On Buckle

Hedge funds and other institutional investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. bought a new stake in Buckle in the fourth quarter valued at $31,000. Caption Management LLC bought a new stake in shares of Buckle in the 4th quarter worth about $36,000. Quarry LP increased its position in shares of Buckle by 60.9% during the 3rd quarter. Quarry LP now owns 938 shares of the company’s stock worth $41,000 after purchasing an additional 355 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Buckle by 268.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 825 shares of the company’s stock valued at $42,000 after purchasing an additional 601 shares during the last quarter. Finally, Bellwether Advisors LLC acquired a new position in Buckle in the fourth quarter valued at about $43,000. 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.