Buckle (NYSE:BKE) Director Bill Fairfield Sells 2,500 Shares

Buckle, Inc. (The) (NYSE:BKE) Director Bill Fairfield sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $44.44, for a total transaction of $111,100.00. Following the transaction, the director owned 52,908 shares of the company’s stock, valued at approximately $2,351,231.52. This represents a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Buckle Price Performance

BKE stock opened at $44.31 on Thursday. The company has a 50 day simple moving average of $50.77 and a 200 day simple moving average of $52.32. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 10.16 and a beta of 1.08. Buckle, Inc. has a 1 year low of $42.39 and a 1 year high of $61.69.

Buckle (NYSE:BKE) last announced its quarterly earnings results on Friday, May 29th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.18. Buckle had a net margin of 16.85% and a return on equity of 47.35%. The firm had revenue of $288.74 million during the quarter, compared to analysts’ expectations of $287.68 million. During the same period in the prior year, the company posted $0.70 EPS. The company’s revenue was up 6.1% on a year-over-year basis.

Buckle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 29th. Shareholders of record on Wednesday, July 15th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.2%. The ex-dividend date is Wednesday, July 15th. Buckle’s dividend payout ratio is 32.11%.

Institutional Investors Weigh In On Buckle

Institutional investors have recently modified their holdings of the company. Hantz Financial Services Inc. boosted its stake in shares of Buckle by 81.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 463 shares of the company’s stock valued at $27,000 after purchasing an additional 208 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Buckle by 1,928.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock valued at $25,000 after purchasing an additional 617 shares during the last quarter. Miller Capital Partners Inc. bought a new stake in shares of Buckle in the 4th quarter valued at $37,000. EverSource Wealth Advisors LLC boosted its stake in shares of Buckle by 162.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 957 shares of the company’s stock valued at $43,000 after purchasing an additional 592 shares during the last quarter. Finally, Quarry LP bought a new stake in shares of Buckle in the 3rd quarter valued at $65,000. 53.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Wall Street Zen cut shares of Buckle from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Weiss Ratings cut shares of Buckle from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 29th. Finally, UBS Group decreased their price target on shares of Buckle from $52.00 to $47.00 and set a “neutral” rating for the company in a research report on Monday, June 1st. Two analysts have rated the stock with a Hold rating, According to MarketBeat, Buckle has a consensus rating of “Hold” and a consensus target price of $47.00.

Buckle Company Profile

Buckle, Inc is a retailer specializing in casual apparel, footwear and accessories for young men and women. The company is known for its denim-focused collections, offering both private-label lines and curated brand-name merchandise. Its product assortment includes jeans, tops, outerwear, shoes and a variety of accessories such as belts, jewelry and handbags, all aimed at blending contemporary style with everyday comfort.

Founded in 1948 in Kearney, Nebraska, Buckle began as a single clothing store and has since expanded into a nationwide chain.