Insider Selling: The Buckle, Inc. (NYSE:BKE) CEO Sells $888,069.26 in Stock

The Buckle, Inc. (NYSE:BKE) CEO Dennis H. Nelson sold 20,453 shares of the stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $43.42, for a total transaction of $888,069.26. Following the completion of the transaction, the chief executive officer now directly owns 1,698,828 shares in the company, valued at $73,763,111.76. This trade represents a 1.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Buckle Stock Performance

Shares of Buckle stock opened at $43.33 on Friday. The Buckle, Inc. has a 1 year low of $34.87 and a 1 year high of $54.25. The company has a market capitalization of $2.20 billion, a P/E ratio of 11.00 and a beta of 1.14. The company’s fifty day moving average is $49.05 and its two-hundred day moving average is $45.88.

Buckle (NYSE:BKE) last issued its quarterly earnings data on Friday, November 22nd. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.01). Buckle had a return on equity of 44.11% and a net margin of 16.21%. The business had revenue of $293.60 million for the quarter, compared to analysts’ expectations of $293.60 million. During the same period in the previous year, the business posted $1.04 earnings per share. The company’s revenue for the quarter was down 3.3% on a year-over-year basis.

Buckle Cuts Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Impala Asset Management LLC lifted its stake in shares of Buckle by 43.3% in the 3rd quarter. Impala Asset Management LLC now owns 365,000 shares of the company’s stock worth $16,049,000 after acquiring an additional 110,273 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Buckle in the 3rd quarter worth $691,000. Geode Capital Management LLC lifted its stake in shares of Buckle by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 799,078 shares of the company’s stock worth $35,142,000 after acquiring an additional 36,472 shares during the period. Maverick Capital Ltd. acquired a new stake in shares of Buckle in the 3rd quarter worth $1,629,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Buckle by 3.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 155,833 shares of the company’s stock worth $6,852,000 after acquiring an additional 5,185 shares during the period. 53.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on BKE shares. StockNews.com raised shares of Buckle from a “hold” rating to a “buy” rating in a research report on Friday, January 3rd. UBS Group raised shares of Buckle from a “sell” rating to a “neutral” rating and increased their target price for the company from $31.00 to $46.00 in a research report on Tuesday, November 12th.

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.