Buckle, Inc. (The) (NYSE:BKE) Director Sells $498,400.00 in Stock

Buckle, Inc. (The) (NYSE:BKE - Get Free Report) Director James E. Shada sold 10,000 shares of Buckle stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $49.84, for a total transaction of $498,400.00. Following the sale, the director directly owned 85,352 shares in the company, valued at approximately $4,253,943.68. The trade was a 10.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Buckle Price Performance

Shares of BKE stock traded down $1.00 during trading hours on Thursday, hitting $49.14. The company had a trading volume of 156,467 shares, compared to its average volume of 537,128. Buckle, Inc. has a fifty-two week low of $33.12 and a fifty-two week high of $54.25. The company's fifty day moving average is $44.56 and its 200 day moving average is $41.95. The stock has a market capitalization of $2.51 billion, a PE ratio of 12.63 and a beta of 1.03.

Buckle (NYSE:BKE - Get Free Report) last posted its earnings results on Friday, May 23rd. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.05. Buckle had a net margin of 15.95% and a return on equity of 43.13%. The firm had revenue of $272.12 million during the quarter, compared to the consensus estimate of $264.28 million. During the same quarter last year, the firm earned $0.70 EPS. The firm's revenue for the quarter was up 3.7% on a year-over-year basis.

Buckle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 29th. Investors of record on Tuesday, July 15th will be issued a $0.35 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $1.40 annualized dividend and a yield of 2.85%. Buckle's dividend payout ratio (DPR) is presently 35.99%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wall Street Zen raised Buckle from a "hold" rating to a "buy" rating in a research note on Friday, May 23rd. UBS Group reaffirmed a "neutral" rating on shares of Buckle in a research report on Wednesday, May 14th.

Institutional Trading of Buckle

Institutional investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP grew its stake in shares of Buckle by 9.0% in the fourth quarter. First Trust Advisors LP now owns 1,663,407 shares of the company's stock worth $84,518,000 after acquiring an additional 137,972 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Buckle by 5.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,360,826 shares of the company's stock worth $52,147,000 after acquiring an additional 74,614 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Buckle by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,357,095 shares of the company's stock worth $68,957,000 after purchasing an additional 10,178 shares in the last quarter. American Century Companies Inc. increased its holdings in Buckle by 13.5% during the 1st quarter. American Century Companies Inc. now owns 1,063,856 shares of the company's stock worth $40,767,000 after purchasing an additional 126,331 shares during the period. Finally, Geode Capital Management LLC raised its position in Buckle by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 815,688 shares of the company's stock valued at $41,454,000 after purchasing an additional 16,610 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.

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