Insider Selling: The Buckle, Inc. (NYSE:BKE) CEO Sells 15,340 Shares of Stock

The Buckle, Inc. (NYSE:BKE) CEO Dennis H. Nelson sold 15,340 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $39.51, for a total transaction of $606,083.40. Following the completion of the transaction, the chief executive officer now owns 1,663,035 shares in the company, valued at $65,706,512.85. The trade was a 0.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Buckle Stock Up 0.1 %

NYSE:BKE opened at $37.82 on Thursday. The firm has a market cap of $1.92 billion, a PE ratio of 9.60 and a beta of 1.17. The company’s 50-day moving average price is $46.49 and its two-hundred day moving average price is $45.91. The Buckle, Inc. has a 12 month low of $34.87 and a 12 month high of $54.25.

Buckle Cuts Dividend

The firm also recently declared a special dividend, which was paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th were given a dividend of $2.50 per share. The ex-dividend date was Wednesday, January 15th. This represents a yield of 2.6%. Buckle’s dividend payout ratio (DPR) is presently 35.53%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BKE shares. UBS Group raised Buckle from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $31.00 to $46.00 in a report on Tuesday, November 12th. StockNews.com lowered shares of Buckle from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th.

Institutional Investors Weigh In On Buckle

Hedge funds and other institutional investors have recently bought and sold shares of the business. First Trust Advisors LP boosted its stake in Buckle by 9.0% in the fourth quarter. First Trust Advisors LP now owns 1,663,407 shares of the company’s stock worth $84,518,000 after purchasing an additional 137,972 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Buckle by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,357,095 shares of the company’s stock valued at $68,957,000 after buying an additional 10,178 shares in the last quarter. State Street Corp raised its holdings in shares of Buckle by 5.7% in the third quarter. State Street Corp now owns 1,338,395 shares of the company’s stock valued at $58,849,000 after buying an additional 72,532 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Buckle by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,286,212 shares of the company’s stock worth $65,352,000 after buying an additional 69,258 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in Buckle by 12.0% during the 4th quarter. American Century Companies Inc. now owns 937,525 shares of the company’s stock worth $47,636,000 after acquiring an additional 100,173 shares during the last quarter. 53.93% of the stock is owned by institutional investors and hedge funds.

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.