Buckle (NYSE:BKE) SVP Brett P. Milkie Sells 6,000 Shares

Key Points

• Buckle's SVP Brett Milkie sold 6,000 shares at an average price of $60.17, resulting in a total transaction value of $361,020 and decreasing his ownership stake by 6.28%.
• The company reported a quarterly earnings per share of $0.89, exceeding analysts' expectations of $0.83, with a revenue increase of 8.3% year-over-year.
• Buckle declared a quarterly dividend of $0.35 per share, representing an annualized yield of 2.4%, with a payout ratio of 35%.

Buckle, Inc. (The) (NYSE:BKE - Get Free Report) SVP Brett P. Milkie sold 6,000 shares of Buckle stock in a transaction on Friday, September 5th. The stock was sold at an average price of $60.17, for a total transaction of $361,020.00. Following the transaction, the senior vice president directly owned 89,570 shares in the company, valued at $5,389,426.90. This represents a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Buckle Stock Performance

BKE traded down $2.06 during mid-day trading on Friday, reaching $59.52. 423,190 shares of the stock were exchanged, compared to its average volume of 531,997. The stock has a market capitalization of $3.04 billion, a PE ratio of 14.88 and a beta of 1.02. The company has a 50 day moving average price of $53.13 and a two-hundred day moving average price of $44.20. Buckle, Inc. has a 1 year low of $33.12 and a 1 year high of $61.62.

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

Buckle Dividend Announcement

The firm 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 dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Wednesday, October 15th. Buckle's payout ratio is presently 35.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ameritas Investment Partners Inc. grew its position in Buckle by 1.1% during the second quarter. Ameritas Investment Partners Inc. now owns 18,204 shares of the company's stock valued at $826,000 after acquiring an additional 190 shares during the last quarter. Franklin Resources Inc. lifted its stake in Buckle by 0.9% in the second quarter. Franklin Resources Inc. now owns 26,453 shares of the company's stock worth $1,200,000 after acquiring an additional 230 shares during the period. IFP Advisors Inc lifted its stake in Buckle by 12.5% in the second 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. Bank of Montreal Can lifted its stake in Buckle by 3.8% in the second quarter. Bank of Montreal Can now owns 7,699 shares of the company's stock worth $349,000 after acquiring an additional 282 shares during the period. Finally, SummerHaven Investment Management LLC lifted its stake in Buckle by 1.4% in the first quarter. SummerHaven Investment Management LLC now owns 21,348 shares of the company's stock worth $818,000 after acquiring an additional 302 shares during the period. 53.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BKE shares. UBS Group upped their price target on 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 raised Buckle from a "hold" rating to a "buy" rating in a report on Saturday, September 6th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target 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.