The Buckle, Inc. (NYSE:BKE) CEO Sells $1,050,670.61 in Stock

The Buckle, Inc. (NYSE:BKE - Get Free Report) CEO Dennis H. Nelson sold 20,453 shares of the business's stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $51.37, for a total value of $1,050,670.61. Following the sale, the chief executive officer now owns 1,760,187 shares of the company's stock, valued at $90,420,806.19. The trade was a 1.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Buckle Price Performance

NYSE BKE traded up $0.76 on Thursday, reaching $50.40. The company had a trading volume of 504,159 shares, compared to its average volume of 405,919. The Buckle, Inc. has a 1 year low of $34.87 and a 1 year high of $54.25. The firm has a 50-day moving average of $47.63 and a 200-day moving average of $42.78. The firm has a market capitalization of $2.56 billion, a PE ratio of 12.79 and a beta of 1.14.

Buckle (NYSE:BKE - Get Free Report) last announced its earnings results on Friday, November 22nd. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.01). Buckle had a net margin of 16.21% and a return on equity of 44.11%. The firm had revenue of $293.60 million during the quarter, compared to analysts' expectations of $293.60 million. During the same quarter last year, the company posted $1.04 earnings per share. Buckle's revenue for the quarter was down 3.3% compared to the same quarter last year.

Buckle Cuts Dividend

The firm also recently announced a special dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th will be paid a dividend of $2.50 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a dividend yield of 2.6%. Buckle's dividend payout ratio is presently 35.53%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on BKE shares. UBS Group upgraded shares of Buckle from a "sell" rating to a "neutral" rating and lifted their target price for the company from $31.00 to $46.00 in a report on Tuesday, November 12th. StockNews.com cut Buckle from a "buy" rating to a "hold" rating in a research note on Friday, December 13th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BKE. Blue Trust Inc. raised its holdings in Buckle by 52.0% in the third quarter. Blue Trust Inc. now owns 789 shares of the company's stock valued at $35,000 after acquiring an additional 270 shares in the last quarter. Unison Advisors LLC increased its position in shares of Buckle by 0.9% in the 3rd quarter. Unison Advisors LLC now owns 37,859 shares of the company's stock worth $1,665,000 after purchasing an additional 334 shares during the last quarter. Quarry LP raised its stake in shares of Buckle by 60.9% in 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. Exchange Traded Concepts LLC lifted its position in shares of Buckle by 0.7% during the third quarter. Exchange Traded Concepts LLC now owns 59,961 shares of the company's stock worth $2,636,000 after purchasing an additional 396 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its stake in Buckle by 2.8% in the second quarter. Louisiana State Employees Retirement System now owns 14,900 shares of the company's stock worth $550,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 53.93% of the company's stock.

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.