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

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 the firm's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $60.17, for a total value of $361,020.00. Following the completion of the transaction, the senior vice president owned 89,570 shares in the company, valued at $5,389,426.90. The trade was a 6.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Buckle Trading Down 3.3%

Buckle stock traded down $2.06 during midday trading on Friday, reaching $59.52. The company's stock had a trading volume of 423,190 shares, compared to its average volume of 531,997. Buckle, Inc. has a 52 week low of $33.12 and a 52 week high of $61.62. The business has a 50-day moving average price of $53.13 and a 200-day moving average price of $44.18. The stock 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 released its earnings results on Friday, August 22nd. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.06. Buckle had a return on equity of 43.97% and a net margin of 16.12%.The firm had revenue of $305.74 million for the quarter, compared to analysts' expectations of $292.61 million. During the same quarter in the previous year, the business 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 firm 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. This represents a $1.40 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Wednesday, October 15th. Buckle's payout ratio is currently 35.00%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on BKE shares. UBS Group lifted their target price 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 upgraded Buckle from a "hold" rating to a "buy" rating in a report on Saturday, September 6th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Buckle currently has a consensus rating of "Hold" and an average price target of $54.00.

Hedge Funds Weigh In On Buckle

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. lifted its stake in shares of Buckle by 1.1% in the second quarter. Ameritas Investment Partners Inc. now owns 18,204 shares of the company's stock worth $826,000 after acquiring an additional 190 shares during the period. Franklin Resources Inc. lifted its stake in shares of 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 shares of 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 shares of 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 shares of 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 owned by institutional investors and hedge funds.

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.