Buckle (NYSE:BKE) Director James E. Shada Sells 20,000 Shares

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 dated 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 owned 55,352 shares of the company's stock, valued at approximately $3,292,890.48. The trade was a 26.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Buckle Trading Down 3.3%

Shares of BKE traded down $2.06 during midday trading on Friday, hitting $59.52. The stock had a trading volume of 423,190 shares, compared to its average volume of 531,997. Buckle, Inc. has a fifty-two week low of $33.12 and a fifty-two week high of $61.62. The business has a 50-day simple moving average of $53.13 and a two-hundred day simple moving average of $44.18. The firm has a market cap of $3.04 billion, a P/E ratio of 14.88 and a beta of 1.02.

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

Buckle Dividend Announcement

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

Hedge Funds Weigh In On Buckle

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. raised its position in Buckle by 12.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,377 shares of the company's stock valued at $926,000 after acquiring an additional 2,727 shares in the last quarter. Principal Financial Group Inc. raised its position in Buckle by 2.3% during the first quarter. Principal Financial Group Inc. now owns 165,324 shares of the company's stock valued at $6,335,000 after acquiring an additional 3,688 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in Buckle by 36.3% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 13,208 shares of the company's stock valued at $506,000 after acquiring an additional 3,521 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Buckle by 21.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,253 shares of the company's stock valued at $623,000 after acquiring an additional 2,127 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Buckle by 3.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,566 shares of the company's stock valued at $893,000 after purchasing an additional 571 shares during the period. Institutional investors own 53.93% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Wall Street Zen upgraded shares of Buckle from a "hold" rating to a "buy" rating in a report on Saturday, September 6th. UBS Group raised their price target on shares of Buckle from $51.00 to $54.00 and gave the stock a "neutral" rating in a report on Monday, August 25th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $54.00.

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.