Dennis H. Nelson Sells 20,453 Shares of The Buckle, Inc. (NYSE:BKE) Stock

The Buckle, Inc. (NYSE:BKE - Get Free Report) CEO Dennis H. Nelson sold 20,453 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $43.52, for a total value of $890,114.56. Following the completion of the sale, the chief executive officer now owns 1,655,204 shares of the company's stock, valued at approximately $72,034,478.08. This represents a 1.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Buckle Stock Performance

NYSE:BKE traded down $1.00 during trading hours on Friday, hitting $42.65. The company's stock had a trading volume of 420,385 shares, compared to its average volume of 473,444. The business's 50-day moving average is $38.60 and its two-hundred day moving average is $42.89. The company has a market capitalization of $2.18 billion, a PE ratio of 10.82 and a beta of 1.03. The Buckle, Inc. has a 52-week low of $33.12 and a 52-week high of $54.25.

Buckle (NYSE:BKE - Get Free Report) last released its quarterly earnings data on Friday, May 23rd. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.05. The firm had revenue of $272.12 million during the quarter, compared to analysts' expectations of $264.28 million. Buckle had a return on equity of 44.11% and a net margin of 16.21%. Buckle's revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.70 earnings per share.

Buckle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 29th. Shareholders of record on Tuesday, July 15th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.28%. The ex-dividend date is Tuesday, July 15th. Buckle's payout ratio is 35.99%.

Analysts Set New Price Targets

Several research firms have recently commented on BKE. UBS Group restated a "neutral" rating on shares of Buckle in a research note on Wednesday, May 14th. Wall Street Zen upgraded Buckle from a "hold" rating to a "buy" rating in a research note on Friday, May 23rd.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its holdings in Buckle by 5.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,286,212 shares of the company's stock valued at $65,352,000 after purchasing an additional 69,258 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Buckle in the fourth quarter valued at $31,000. Price T Rowe Associates Inc. MD grew its holdings in Buckle by 21.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,253 shares of the company's stock valued at $623,000 after purchasing an additional 2,127 shares during the last quarter. Entropy Technologies LP acquired a new stake in Buckle in the fourth quarter valued at $380,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in 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 last quarter. Hedge funds and other institutional investors 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.