Buckle (NYSE:BKE) Director Sells $1,189,800.00 in Stock

Key Points

• Director James Shada of Buckle, Inc. sold 20,000 shares for approximately $1.19 million, reducing his stake by 26.54% to 55,352 shares.
• Buckle reported earnings per share of $0.89 for the last quarter, surpassing analysts' expectations, and achieved a revenue increase of 8.3% year-over-year.
• The company announced a quarterly dividend of $0.35 per share, set to be paid on October 29th, with a yield of 2.4% and a payout ratio of 35.00%.

Buckle, Inc. (The) (NYSE:BKE - Get Free Report) Director James E. Shada sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $59.49, for a total transaction of $1,189,800.00. Following the completion of the transaction, the director directly owned 55,352 shares of the company's stock, valued at $3,292,890.48. This represents a 26.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Buckle Price Performance

Buckle stock traded down $2.06 during midday trading on Friday, reaching $59.52. The stock had a trading volume of 423,190 shares, compared to its average volume of 531,997. The firm's fifty day simple moving average is $53.13 and its two-hundred day simple moving average is $44.20. Buckle, Inc. has a twelve month low of $33.12 and a twelve month high of $61.62. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 14.88 and a beta of 1.02.

Buckle (NYSE:BKE - Get Free Report) last posted its quarterly earnings data on Friday, August 22nd. The company reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.06. Buckle had a net margin of 16.12% and a return on equity of 43.97%. The firm had revenue of $305.74 million during the quarter, compared to analyst estimates of $292.61 million. During the same quarter last year, the business posted $0.78 EPS. The company's revenue was up 8.3% on a year-over-year basis.

Buckle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Shareholders of record on Wednesday, October 15th will be given a $0.35 dividend. The ex-dividend date is Wednesday, October 15th. This represents a $1.40 dividend on an annualized basis and a yield of 2.4%. Buckle's dividend payout ratio is presently 35.00%.

Analysts Set New Price Targets

BKE has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of Buckle from a "hold" rating to a "buy" rating in a research report on Saturday, September 6th. UBS Group increased their target price on shares of Buckle from $51.00 to $54.00 and gave the stock a "neutral" rating in a research report on Monday, August 25th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $54.00.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BKE. Geneos Wealth Management Inc. raised its holdings in Buckle by 1,928.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 649 shares of the company's stock worth $25,000 after acquiring an additional 617 shares during the period. Allworth Financial LP raised its holdings in Buckle by 1,652.3% in the 2nd quarter. Allworth Financial LP now owns 771 shares of the company's stock worth $35,000 after acquiring an additional 727 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Buckle by 162.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 957 shares of the company's stock worth $43,000 after acquiring an additional 592 shares during the period. SBI Securities Co. Ltd. raised its holdings in Buckle by 64.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 999 shares of the company's stock worth $45,000 after acquiring an additional 393 shares during the period. Finally, IFP Advisors Inc raised its holdings in Buckle by 12.5% in the 2nd quarter. IFP Advisors Inc now owns 2,431 shares of the company's stock worth $110,000 after acquiring an additional 270 shares during the period. Institutional investors own 53.93% of the company's stock.

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.