The Buckle, Inc. (NYSE:BKE) CEO Sells $835,709.58 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, February 25th. The shares were sold at an average price of $40.86, for a total value of $835,709.58. Following the completion of the transaction, the chief executive officer now owns 1,678,375 shares in the company, valued at $68,578,402.50. This trade represents a 1.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Buckle Price Performance

NYSE BKE traded down $1.05 on Monday, hitting $39.00. 638,256 shares of the company's stock were exchanged, compared to its average volume of 479,271. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 9.90 and a beta of 1.14. The firm's 50-day moving average price is $47.00 and its two-hundred day moving average price is $45.97. The Buckle, Inc. has a fifty-two week low of $34.87 and a fifty-two week high of $54.25.

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 $2.50 dividend. This represents a yield of 2.6%. The ex-dividend date of this dividend was Wednesday, January 15th. Buckle's payout ratio is 35.53%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BKE. UBS Group raised 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 report on Tuesday, November 12th. StockNews.com cut shares of Buckle from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th.

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Institutional Investors Weigh In On Buckle

Hedge funds and other institutional investors have recently bought and sold shares of the business. Creative Planning increased its holdings in shares of Buckle by 64.1% in the 3rd quarter. Creative Planning now owns 27,528 shares of the company's stock valued at $1,210,000 after purchasing an additional 10,751 shares in the last quarter. Blue Trust Inc. increased 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 buying an additional 270 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Buckle by 13.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,034 shares of the company's stock valued at $794,000 after acquiring an additional 2,133 shares during the period. QRG Capital Management Inc. boosted its stake in shares of Buckle by 6.0% during the 3rd quarter. QRG Capital Management Inc. now owns 19,664 shares of the company's stock worth $865,000 after acquiring an additional 1,106 shares in the last quarter. Finally, Meritage Portfolio Management increased its stake in Buckle by 10.4% in the 3rd quarter. Meritage Portfolio Management now owns 23,944 shares of the company's stock valued at $1,053,000 after purchasing an additional 2,251 shares in the last quarter. Institutional investors and hedge funds 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.