Dennis H. Nelson Sells 2,320 Shares of The Buckle, Inc. (NYSE:BKE) Stock

The Buckle, Inc. (NYSE:BKE) CEO Dennis H. Nelson sold 2,320 shares of Buckle stock in a transaction dated Tuesday, April 8th. The shares were sold at an average price of $36.31, for a total value of $84,239.20. Following the sale, the chief executive officer now directly owns 1,743,375 shares in the company, valued at $63,301,946.25. The trade was a 0.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Buckle Stock Performance

Shares of BKE opened at $34.87 on Friday. The business’s 50 day moving average price is $39.18 and its two-hundred day moving average price is $44.75. The firm has a market cap of $1.78 billion, a PE ratio of 8.85 and a beta of 0.91. The Buckle, Inc. has a 52-week low of $33.12 and a 52-week high of $54.25.

Buckle (NYSE:BKE) last issued its earnings results on Friday, March 14th. The company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.09. Buckle had a return on equity of 44.11% and a net margin of 16.21%. The business had revenue of $379.20 million during the quarter, compared to analyst estimates of $378.97 million. During the same period in the previous year, the company posted $1.59 EPS. The firm’s revenue was down .8% compared to the same quarter last year.

Buckle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 15th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 4.02%. The ex-dividend date is Tuesday, April 15th. Buckle’s payout ratio is currently 36.08%.

Institutional Trading of Buckle

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Viking Fund Management LLC acquired a new position in shares of Buckle during the first quarter valued at about $115,000. GAMMA Investing LLC lifted its position in Buckle by 13,565.4% in the 1st quarter. GAMMA Investing LLC now owns 18,585 shares of the company’s stock valued at $712,000 after acquiring an additional 18,449 shares in the last quarter. Novem Group acquired a new position in Buckle during the 4th quarter valued at about $227,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Buckle by 24.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 65,021 shares of the company’s stock worth $3,304,000 after purchasing an additional 12,722 shares in the last quarter. Finally, Squarepoint Ops LLC raised its stake in shares of Buckle by 138.8% in the fourth quarter. Squarepoint Ops LLC now owns 124,986 shares of the company’s stock worth $6,351,000 after purchasing an additional 72,652 shares during the last quarter. Institutional investors own 53.93% of the company’s stock.

Analyst Upgrades and Downgrades

BKE has been the subject of several recent research reports. UBS Group decreased their price target on shares of Buckle from $43.00 to $41.00 and set a “neutral” rating for the company in a research report on Tuesday, March 18th. StockNews.com lowered shares of Buckle from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th.

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.