The Buckle, Inc. (NYSE:BKE) Short Interest Update

The Buckle, Inc. (NYSE:BKE) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totalling 2,820,000 shares, a decrease of 7.8% from the August 15th total of 3,060,000 shares. Based on an average trading volume of 382,700 shares, the days-to-cover ratio is presently 7.4 days. Approximately 9.2% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Buckle

In related news, CEO Dennis H. Nelson sold 20,453 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $41.78, for a total transaction of $854,526.34. Following the transaction, the chief executive officer now directly owns 1,904,358 shares of the company’s stock, valued at $79,564,077.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Dennis H. Nelson sold 20,453 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $41.78, for a total transaction of $854,526.34. Following the completion of the sale, the chief executive officer now directly owns 1,904,358 shares of the company’s stock, valued at $79,564,077.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Brett P. Milkie sold 16,000 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $41.35, for a total value of $661,600.00. Following the completion of the transaction, the senior vice president now directly owns 80,170 shares in the company, valued at approximately $3,315,029.50. The disclosure for this sale can be found here. Insiders sold a total of 100,346 shares of company stock worth $4,126,478 in the last quarter. 39.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Buckle

A number of institutional investors and hedge funds have recently made changes to their positions in BKE. TFO Wealth Partners LLC raised its holdings in shares of Buckle by 60,000.0% in the 4th quarter. TFO Wealth Partners LLC now owns 601 shares of the company’s stock valued at $29,000 after acquiring an additional 600 shares in the last quarter. Quadrant Capital Group LLC lifted its position in Buckle by 527.4% during the fourth quarter. Quadrant Capital Group LLC now owns 985 shares of the company’s stock valued at $47,000 after purchasing an additional 828 shares during the last quarter. EntryPoint Capital LLC purchased a new position in Buckle in the 1st quarter worth approximately $70,000. CWM LLC increased its holdings in shares of Buckle by 119.9% in the 2nd quarter. CWM LLC now owns 2,010 shares of the company’s stock worth $74,000 after buying an additional 1,096 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Buckle during the 4th quarter valued at $103,000. Hedge funds and other institutional investors own 53.93% of the company’s stock.

Buckle Stock Performance

Buckle stock traded down $0.44 during mid-day trading on Wednesday, reaching $44.08. The company’s stock had a trading volume of 365,999 shares, compared to its average volume of 404,504. The firm’s fifty day moving average price is $41.18 and its two-hundred day moving average price is $38.87. Buckle has a 12-month low of $30.31 and a 12-month high of $48.15. The company has a market capitalization of $2.24 billion, a P/E ratio of 10.44 and a beta of 1.13.

Buckle (NYSE:BKE) last announced its quarterly earnings results on Friday, August 23rd. The company reported $0.78 earnings per share for the quarter. Buckle had a return on equity of 46.17% and a net margin of 16.69%. The firm had revenue of $282.39 million for the quarter.

Buckle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.18%. Buckle’s dividend payout ratio (DPR) is currently 33.02%.

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.