The Buckle, Inc. (NYSE:BKE) CEO Dennis H. Nelson Sells 15,340 Shares

The Buckle, Inc. (NYSE:BKE - Get Free Report) CEO Dennis H. Nelson sold 15,340 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $39.51, for a total transaction of $606,083.40. Following the completion of the sale, the chief executive officer now directly owns 1,663,035 shares of the company's stock, valued at approximately $65,706,512.85. This represents a 0.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Buckle Stock Performance

Shares of Buckle stock traded up $0.48 during trading on Friday, hitting $38.33. The company's stock had a trading volume of 573,432 shares, compared to its average volume of 482,323. The company has a fifty day simple moving average of $45.68 and a two-hundred day simple moving average of $45.82. The company has a market capitalization of $1.95 billion, a PE ratio of 9.73 and a beta of 1.17. The Buckle, Inc. has a 52 week low of $34.87 and a 52 week 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 paid a $2.50 dividend. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a dividend yield of 2.6%. Buckle's payout ratio is 35.53%.

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Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on BKE shares. StockNews.com cut shares of Buckle from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. UBS Group upgraded shares of Buckle from a "sell" rating to a "neutral" rating and increased their price target for the stock from $31.00 to $46.00 in a research note on Tuesday, November 12th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BKE. SBI Securities Co. Ltd. bought a new position in shares of Buckle in the 4th quarter worth about $31,000. Caption Management LLC bought a new stake in Buckle during the 4th quarter valued at about $36,000. Quarry LP increased its stake in Buckle by 60.9% during the 3rd quarter. Quarry LP now owns 938 shares of the company's stock valued at $41,000 after purchasing an additional 355 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Buckle by 268.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 825 shares of the company's stock valued at $42,000 after purchasing an additional 601 shares in the last quarter. Finally, Bellwether Advisors LLC bought a new stake in Buckle during the 4th quarter valued at about $43,000. 53.93% of the stock is currently owned by institutional investors.

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.