The Buckle, Inc. (BKE) To Go Ex-Dividend on October 11th

The Buckle, Inc. (NYSE:BKE) announced a quarterly dividend on Tuesday, September 10th, Zacks reports. Investors of record on Friday, October 11th will be given a dividend of 0.35 per share on Friday, October 25th. This represents a $1.40 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend is Friday, October 11th.

Buckle has raised its dividend by an average of 15.9% per year over the last three years. Buckle has a dividend payout ratio of 37.3% meaning its dividend is sufficiently covered by earnings.

Buckle Trading Down 0.7 %

BKE opened at $42.09 on Wednesday. The company has a market cap of $2.14 billion, a P/E ratio of 9.93 and a beta of 1.13. The company’s 50 day moving average is $42.20 and its 200-day moving average is $39.35. Buckle has a 1-year low of $31.68 and a 1-year high of $48.15.

Buckle (NYSE:BKE) last issued its quarterly earnings data on Friday, August 23rd. The company reported $0.78 EPS for the quarter. The business had revenue of $282.39 million during the quarter. Buckle had a net margin of 16.69% and a return on equity of 46.17%.

Insiders Place Their Bets

In other news, CEO Dennis H. Nelson sold 20,453 shares of the firm’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $41.73, for a total transaction of $853,503.69. Following the completion of the transaction, the chief executive officer now owns 1,863,452 shares of the company’s stock, valued at approximately $77,761,851.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Buckle news, SVP Brett P. Milkie sold 16,000 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $41.35, for a total transaction of $661,600.00. Following the completion of the sale, the senior vice president now owns 80,170 shares of the company’s stock, valued at approximately $3,315,029.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Dennis H. Nelson sold 20,453 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $41.73, for a total transaction of $853,503.69. Following the transaction, the chief executive officer now owns 1,863,452 shares of the company’s stock, valued at approximately $77,761,851.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 141,252 shares of company stock valued at $5,887,072 in the last ninety days. 39.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

BKE has been the topic of several recent research reports. UBS Group cut their price objective on Buckle from $32.00 to $31.00 and set a “sell” rating on the stock in a report on Monday, August 26th. StockNews.com lowered Buckle from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd.

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.