The Buckle, Inc. (NYSE:BKE) CEO Dennis H. Nelson Sells 20,453 Shares

The Buckle, Inc. (NYSE:BKE) CEO Dennis H. Nelson sold 20,453 shares of Buckle stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $44.35, for a total value of $907,090.55. Following the completion of the transaction, the chief executive officer now directly owns 1,883,905 shares in the company, valued at $83,551,186.75. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Buckle Stock Up 1.2 %

NYSE BKE opened at $44.62 on Friday. The Buckle, Inc. has a fifty-two week low of $30.31 and a fifty-two week high of $48.15. The business has a 50 day moving average price of $41.33 and a two-hundred day moving average price of $38.91. The stock has a market cap of $2.27 billion, a PE ratio of 10.52 and a beta of 1.13.

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

Buckle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend is Friday, October 11th. Buckle’s payout ratio is 33.02%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Buckle

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Buckle by 0.6% in the first quarter. Vanguard Group Inc. now owns 4,311,848 shares of the company’s stock worth $173,638,000 after purchasing an additional 24,051 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Buckle by 4.5% in the 2nd quarter. Pacer Advisors Inc. now owns 2,100,398 shares of the company’s stock valued at $77,589,000 after acquiring an additional 90,190 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Buckle by 2.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,341,866 shares of the company’s stock worth $49,566,000 after purchasing an additional 29,349 shares during the last quarter. First Trust Advisors LP boosted its holdings in Buckle by 30.3% in the fourth quarter. First Trust Advisors LP now owns 768,177 shares of the company’s stock worth $36,504,000 after purchasing an additional 178,794 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Buckle by 2.2% during the second quarter. Victory Capital Management Inc. now owns 736,132 shares of the company’s stock valued at $27,193,000 after purchasing an additional 16,077 shares during the last quarter. Institutional investors and hedge funds own 53.93% of the company’s stock.

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.