Dennis H. Nelson Sells 20,453 Shares of The Buckle, Inc. (NYSE:BKE) Stock

The Buckle, Inc. (NYSE:BKE - Get Free Report) CEO Dennis H. Nelson sold 20,453 shares of the firm's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $43.42, for a total transaction of $888,069.26. Following the transaction, the chief executive officer now directly owns 1,698,828 shares in the company, valued at $73,763,111.76. The trade was a 1.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Buckle Trading Up 1.8 %

Shares of Buckle stock traded up $0.75 on Monday, reaching $43.33. 469,466 shares of the stock were exchanged, compared to its average volume of 447,371. The firm has a market capitalization of $2.20 billion, a PE ratio of 11.00 and a beta of 1.14. The Buckle, Inc. has a 1-year low of $34.87 and a 1-year high of $54.25. The business has a fifty day moving average price of $48.87 and a two-hundred day moving average price of $45.92.

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

Buckle Cuts Dividend

The firm also recently announced a special dividend, which was paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th were issued a $2.50 dividend. This represents a yield of 2.6%. The ex-dividend date of this dividend was Wednesday, January 15th. Buckle's dividend payout ratio (DPR) is currently 35.53%.

Analyst Upgrades and Downgrades

BKE has been the subject of a number of recent research reports. UBS Group raised Buckle from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $31.00 to $46.00 in a research report on Tuesday, November 12th. StockNews.com raised Buckle from a "hold" rating to a "buy" rating in a report on Friday, January 3rd.

Institutional Investors Weigh In On Buckle

Several institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new stake in shares of Buckle in the fourth quarter valued at about $31,000. Caption Management LLC purchased a new position in Buckle in the fourth quarter valued at about $36,000. 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. Smartleaf Asset Management LLC lifted its position in shares of 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 acquiring an additional 601 shares during the period. Finally, Bellwether Advisors LLC purchased a new stake in shares of Buckle during the 4th quarter worth approximately $43,000. 53.93% of the stock is currently owned by hedge funds and other 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.