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

The Buckle, Inc. (NYSE:BKE - Get Free Report) CEO Dennis H. Nelson sold 15,340 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $36.32, for a total value of $557,148.80. Following the completion of the sale, the chief executive officer now owns 1,647,695 shares in the company, valued at approximately $59,844,282.40. This trade represents a 0.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Buckle Trading Up 1.8 %

BKE stock traded up $0.70 during trading hours on Friday, hitting $39.04. 3,704,145 shares of the stock were exchanged, compared to its average volume of 404,518. The firm has a market capitalization of $1.98 billion, a P/E ratio of 9.91 and a beta of 1.17. The company has a 50-day simple moving average of $42.99 and a two-hundred day simple moving average of $45.46. The Buckle, Inc. has a 12 month low of $34.67 and a 12 month high of $54.25.

Buckle (NYSE:BKE - Get Free Report) last released its earnings results on Friday, March 14th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.09. The company had revenue of $379.20 million for the quarter, compared to analyst estimates of $378.97 million. Buckle had a return on equity of 44.11% and a net margin of 16.21%. Buckle's quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.59 EPS.

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Analysts Set New Price Targets

BKE has been the topic of several recent research reports. UBS Group lowered their price objective on Buckle from $43.00 to $41.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 18th. StockNews.com cut Buckle from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th.

Institutional Trading of Buckle

Large investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new stake in shares of Buckle during the 4th quarter worth $31,000. Caption Management LLC acquired a new stake in shares of Buckle during the 4th quarter worth $36,000. Smartleaf Asset Management LLC grew its holdings in shares of Buckle by 268.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 825 shares of the company's stock worth $42,000 after purchasing an additional 601 shares in the last quarter. Bellwether Advisors LLC acquired a new stake in shares of Buckle during the 4th quarter worth $43,000. Finally, Quarry LP boosted its stake in Buckle by 60.9% in the third quarter. Quarry LP now owns 938 shares of the company's stock valued at $41,000 after buying an additional 355 shares in the last quarter. 53.93% of the stock is owned by institutional investors and hedge funds.

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.