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

The Buckle, Inc. (NYSE:BKE) CEO Dennis H. Nelson sold 20,453 shares of Buckle stock in a transaction on Monday, November 4th. The stock was sold at an average price of $42.90, for a total value of $877,433.70. Following the sale, the chief executive officer now owns 1,822,546 shares in the company, valued at $78,187,223.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Buckle Stock Performance

Shares of NYSE BKE opened at $44.18 on Wednesday. The stock has a market cap of $2.24 billion, a PE ratio of 10.78 and a beta of 1.14. The Buckle, Inc. has a fifty-two week low of $32.16 and a fifty-two week high of $48.15. The stock has a fifty day moving average of $42.78 and a 200-day moving average of $39.97.

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

Buckle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.17%. The ex-dividend date was Friday, October 11th. Buckle’s dividend payout ratio (DPR) is currently 34.15%.

Institutional Investors Weigh In On Buckle

Hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in Buckle by 52.0% during the third quarter. Blue Trust Inc. now owns 789 shares of the company’s stock worth $35,000 after purchasing an additional 270 shares during the last quarter. EntryPoint Capital LLC bought a new stake in Buckle during the first quarter worth about $70,000. CWM LLC lifted its stake in Buckle by 119.9% during the second quarter. CWM LLC now owns 2,010 shares of the company’s stock worth $74,000 after purchasing an additional 1,096 shares during the last quarter. Signaturefd LLC lifted its stake in Buckle by 38.7% during the third quarter. Signaturefd LLC now owns 2,236 shares of the company’s stock worth $98,000 after purchasing an additional 624 shares during the last quarter. Finally, Gladius Capital Management LP lifted its stake in shares of Buckle by 217.4% in the 2nd quarter. Gladius Capital Management LP now owns 2,955 shares of the company’s stock valued at $109,000 after acquiring an additional 2,024 shares during the last quarter. Institutional investors own 53.93% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. UBS Group dropped their price target 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 report on Friday, August 2nd.

About Buckle

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.