Buckle (NYSE:BKE) SVP Sells 2,500 Shares of Company Stock

Buckle, Inc. (The) (NYSE:BKE) SVP Scott Werth sold 2,500 shares of the business’s stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $46.75, for a total value of $116,875.00. Following the transaction, the senior vice president directly owned 46,960 shares of the company’s stock, valued at approximately $2,195,380. The trade was a 5.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Buckle Stock Up 3.2%

Shares of BKE stock traded up $1.48 on Thursday, reaching $47.50. The company had a trading volume of 311,448 shares, compared to its average volume of 474,400. The stock has a market capitalization of $2.45 billion, a PE ratio of 10.94 and a beta of 1.14. Buckle, Inc. has a one year low of $39.44 and a one year high of $58.52. The business’s 50-day moving average is $43.05 and its 200 day moving average is $45.82.

Buckle (NYSE:BKE) last announced its quarterly earnings results on Friday, August 21st. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.06. The company had revenue of $319.82 million for the quarter, compared to analyst estimates of $319.80 million. Buckle had a net margin of 16.62% and a return on equity of 46.91%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.89 EPS.

Buckle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Thursday, October 15th will be given a $0.35 dividend. The ex-dividend date is Thursday, October 15th. This represents a $1.40 dividend on an annualized basis and a yield of 2.9%. Buckle’s dividend payout ratio (DPR) is currently 32.26%.

Hedge Funds Weigh In On Buckle

Several institutional investors and hedge funds have recently added to or reduced their stakes in BKE. BlackRock Inc. bought a new position in shares of Buckle during the second quarter valued at $208,888,000. Dimensional Fund Advisors LP lifted its holdings in Buckle by 2.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,342,045 shares of the company’s stock worth $67,582,000 after buying an additional 30,128 shares during the period. Renaissance Technologies LLC increased its stake in shares of Buckle by 6.6% in the first quarter. Renaissance Technologies LLC now owns 1,167,752 shares of the company’s stock valued at $58,808,000 after buying an additional 72,550 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Buckle during the second quarter worth about $27,466,000. Finally, Impala Asset Management LLC raised its position in shares of Buckle by 4.9% during the first quarter. Impala Asset Management LLC now owns 419,578 shares of the company’s stock worth $21,130,000 after acquiring an additional 19,459 shares during the last quarter. 53.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. UBS Group reiterated a “neutral” rating on shares of Buckle in a report on Monday, August 24th. Weiss Ratings upgraded Buckle from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 15th. Two equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $46.00.

About Buckle

Buckle, Inc is a specialty retailer of casual apparel, footwear and accessories for fashion-conscious young men and women. The company offers a broad selection of denim, tops, bottoms, outerwear, dresses, activewear, shoes, jewelry and other accessories from national brands and its own private-label collections, including BKE and Buckle Black.

The company sells merchandise through its network of retail stores across the United States and through its e-commerce platform. Buckle stores generally emphasize personalized customer service, denim fittings and outfit coordination, while its online channel provides access to apparel and accessories for customers outside its store markets.

Buckle traces its origins to 1948, when it began as a clothing store in Kearney, Nebraska.