Kari G. Smith Sells 20,000 Shares of Buckle (NYSE:BKE) Stock

Key Points

• Kari Smith, EVP of Buckle, Inc., sold 20,000 shares of stock for a total of $1,187,200, representing an 11.74% decrease in her holdings.
• Buckle's recent earnings report showed an earnings per share of $0.89, surpassing expectations, with revenue increasing by 8.3% year-over-year.
• The company declared a quarterly dividend of $0.35, set to be paid on October 29th, reflecting a 2.4% dividend yield.

Buckle, Inc. (The) (NYSE:BKE - Get Free Report) EVP Kari G. Smith sold 20,000 shares of Buckle stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $59.36, for a total transaction of $1,187,200.00. Following the sale, the executive vice president owned 150,354 shares in the company, valued at approximately $8,925,013.44. This trade represents a 11.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Buckle Price Performance

Shares of Buckle stock traded down $2.06 during trading on Friday, hitting $59.52. 423,190 shares of the company's stock traded hands, compared to its average volume of 531,997. The firm's fifty day moving average price is $53.13 and its 200 day moving average price is $44.20. Buckle, Inc. has a twelve month low of $33.12 and a twelve month high of $61.62. The company has a market cap of $3.04 billion, a PE ratio of 14.88 and a beta of 1.02.

Buckle (NYSE:BKE - Get Free Report) last issued its earnings results on Friday, August 22nd. The company reported $0.89 earnings per share for the quarter, beating 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 business had revenue of $305.74 million for the quarter, compared to analyst estimates of $292.61 million. During the same period in the previous year, the business earned $0.78 EPS. The firm's revenue was up 8.3% on a year-over-year basis.

Buckle Dividend Announcement

The company also recently declared 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 payout ratio is 35.00%.

Analyst Upgrades and Downgrades

BKE has been the topic of a number of recent analyst reports. UBS Group boosted their price target on shares of Buckle from $51.00 to $54.00 and gave the company a "neutral" rating in a research report on Monday, August 25th. Wall Street Zen upgraded shares of Buckle from a "hold" rating to a "buy" rating in a research report on Saturday, September 6th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $54.00.

Hedge Funds Weigh In On Buckle

Institutional investors have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Buckle by 12.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,377 shares of the company's stock worth $926,000 after buying an additional 2,727 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Buckle by 2.3% during the first quarter. Principal Financial Group Inc. now owns 165,324 shares of the company's stock worth $6,335,000 after buying an additional 3,688 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of 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 worth $506,000 after buying an additional 3,521 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Buckle by 21.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,253 shares of the company's stock worth $623,000 after buying an additional 2,127 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Buckle by 3.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,566 shares of the company's stock worth $893,000 after buying an additional 571 shares during the last quarter. 53.93% of the stock is owned by 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.