The Buckle, Inc.’s Same-Store Sales Numbers Beat Expectations (NYSE:BKE)

Buckle’s (NYSE:BKE) same store sales increased by 1.8% in the month of September. Buckle’s shares climbed by 0% in the first day of trading following the report.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, CEO Dennis H. Nelson sold 900 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $40.33, for a total value of $36,297.00. Following the sale, the chief executive officer now directly owns 1,949,477 shares in the company, valued at $78,622,407.41. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Dennis H. Nelson sold 900 shares of Buckle stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $40.33, for a total value of $36,297.00. Following the sale, the chief executive officer now directly owns 1,949,477 shares in the company, valued at $78,622,407.41. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dennis H. Nelson sold 20,453 shares of the stock in a transaction 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 $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 a total of 141,252 shares of company stock worth $5,887,072 over the last ninety days. Company insiders own 39.80% of the company’s stock.

Buckle Stock Performance

NYSE:BKE opened at $41.36 on Friday. Buckle has a 52-week low of $32.16 and a 52-week high of $48.15. The company has a market cap of $2.10 billion, a P/E ratio of 9.75 and a beta of 1.13. The stock’s 50-day simple moving average is $42.17 and its 200 day simple moving average is $39.38.

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

Buckle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders 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 3.38%. The ex-dividend date is Friday, October 11th. Buckle’s dividend payout ratio (DPR) is presently 33.02%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BKE. Norges Bank bought a new position in Buckle during the fourth quarter worth about $9,828,000. First Trust Advisors LP boosted its stake in shares of Buckle by 30.3% during the 4th quarter. First Trust Advisors LP now owns 768,177 shares of the company’s stock worth $36,504,000 after acquiring an additional 178,794 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Buckle by 4.5% during the 2nd quarter. Pacer Advisors Inc. now owns 2,100,398 shares of the company’s stock worth $77,589,000 after acquiring an additional 90,190 shares during the last quarter. American Century Companies Inc. raised its stake in Buckle by 14.0% in the 2nd quarter. American Century Companies Inc. now owns 716,090 shares of the company’s stock valued at $26,452,000 after acquiring an additional 87,690 shares during the period. Finally, Edgestream Partners L.P. acquired a new stake in Buckle during the 1st quarter valued at $3,073,000. 53.93% of the stock is currently 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.