Buckle (NYSE:BKE) EVP Sells $1,187,200.00 in 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 the business's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $59.36, for a total transaction of $1,187,200.00. Following the transaction, the executive vice president directly owned 150,354 shares in the company, valued at $8,925,013.44. This trade represents a 11.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Buckle Stock Down 3.3%

Buckle stock traded down $2.06 on Friday, hitting $59.52. The company's stock had a trading volume of 423,190 shares, compared to its average volume of 531,997. The firm has a market cap of $3.04 billion, a P/E ratio of 14.88 and a beta of 1.02. The company has a fifty day moving average price of $53.13 and a 200-day moving average price of $44.18. Buckle, Inc. has a one year low of $33.12 and a one year high of $61.62.

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

Buckle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Stockholders of record on Wednesday, October 15th will be paid 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 payout ratio is currently 35.00%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BKE. Geneos Wealth Management Inc. lifted its position in Buckle by 1,928.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 649 shares of the company's stock worth $25,000 after buying an additional 617 shares in the last quarter. Allworth Financial LP lifted its position in Buckle by 1,652.3% during the 2nd quarter. Allworth Financial LP now owns 771 shares of the company's stock worth $35,000 after buying an additional 727 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Buckle by 162.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 957 shares of the company's stock worth $43,000 after buying an additional 592 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in Buckle by 64.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 999 shares of the company's stock worth $45,000 after buying an additional 393 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in Buckle by 12.5% during the 2nd quarter. IFP Advisors Inc now owns 2,431 shares of the company's stock worth $110,000 after buying an additional 270 shares in the last quarter. Institutional investors and hedge funds 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.