The Buckle, Inc. (NYSE:BKE) Director John P. Peetz Sells 2,500 Shares

The Buckle, Inc. (NYSE:BKE - Get Free Report) Director John P. Peetz sold 2,500 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $51.70, for a total value of $129,250.00. Following the completion of the sale, the director now directly owns 22,123 shares of the company's stock, valued at $1,143,759.10. This trade represents a 10.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Buckle Trading Up 1.4 %

Shares of BKE stock traded up $0.72 during trading hours on Friday, hitting $52.18. 244,183 shares of the company's stock were exchanged, compared to its average volume of 404,585. The company has a market capitalization of $2.65 billion, a PE ratio of 13.24 and a beta of 1.14. The Buckle, Inc. has a 12-month low of $34.87 and a 12-month high of $54.25. The business's 50 day simple moving average is $46.89 and its 200-day simple moving average is $42.43.

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

Buckle Cuts Dividend

The company also recently disclosed 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. This represents a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, January 15th. Buckle's dividend payout ratio (DPR) is 35.53%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. DGS Capital Management LLC lifted its position in shares of Buckle by 6.8% in the 3rd quarter. DGS Capital Management LLC now owns 7,131 shares of the company's stock worth $314,000 after purchasing an additional 451 shares during the period. Franklin Resources Inc. lifted its holdings in Buckle by 6.7% in the third quarter. Franklin Resources Inc. now owns 12,160 shares of the company's stock worth $524,000 after buying an additional 761 shares during the period. Geode Capital Management LLC boosted its position in Buckle by 4.8% during the 3rd quarter. Geode Capital Management LLC now owns 799,078 shares of the company's stock valued at $35,142,000 after acquiring an additional 36,472 shares in the last quarter. Impala Asset Management LLC grew its holdings in shares of Buckle by 43.3% during 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. Finally, XTX Topco Ltd bought a new position in shares of Buckle in the 3rd quarter worth approximately $430,000. Institutional investors own 53.93% of the company's stock.

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.