Buckle (NYSE:BKE) Director Sells $394,230.00 in Stock

Buckle, Inc. (The) (NYSE:BKE) Director Bill Fairfield sold 8,500 shares of the business’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $46.38, for a total transaction of $394,230.00. Following the completion of the sale, the director owned 44,408 shares of the company’s stock, valued at approximately $2,059,643.04. This represents a 16.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Buckle Stock Performance

NYSE BKE opened at $46.00 on Thursday. The firm’s 50 day moving average price is $43.05 and its 200-day moving average price is $45.82. Buckle, Inc. has a 52-week low of $39.44 and a 52-week high of $58.52. The company has a market cap of $2.37 billion, a PE ratio of 10.60 and a beta of 1.14.

Buckle (NYSE:BKE) last issued its quarterly earnings data on Friday, August 21st. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.06. Buckle had a net margin of 16.62% and a return on equity of 46.91%. The company had revenue of $319.82 million for the quarter, compared to analyst estimates of $319.80 million. During the same period last year, the company posted $0.89 earnings per share. Buckle’s revenue was up 4.6% compared to the same quarter last year.

Buckle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Thursday, October 15th will be given a $0.35 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.0%. Buckle’s payout ratio is presently 32.26%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BKE. Weiss Ratings upgraded shares of Buckle from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 15th. UBS Group reiterated a “neutral” rating on shares of Buckle in a research note on Monday, August 24th. Two equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $46.00.

Institutional Trading of Buckle

Hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC boosted its position in Buckle by 14.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 23,501 shares of the company’s stock worth $1,009,000 after purchasing an additional 2,934 shares in the last quarter. SummerHaven Investment Management LLC purchased a new stake in Buckle during the third quarter worth $925,000. GAMMA Investing LLC boosted its holdings in Buckle by 77.2% during the third quarter. GAMMA Investing LLC now owns 5,461 shares of the company’s stock worth $235,000 after buying an additional 2,379 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Buckle by 261.8% during the third quarter. Farther Finance Advisors LLC now owns 597 shares of the company’s stock worth $26,000 after buying an additional 432 shares in the last quarter. Finally, Versant Capital Management Inc grew its position in Buckle by 45.1% during the third quarter. Versant Capital Management Inc now owns 1,239 shares of the company’s stock valued at $53,000 after buying an additional 385 shares during the period. Hedge funds and other institutional investors own 53.93% of the company’s stock.

About Buckle

Buckle, Inc is a specialty retailer of casual apparel, footwear and accessories for fashion-conscious young men and women. The company offers a broad selection of denim, tops, bottoms, outerwear, dresses, activewear, shoes, jewelry and other accessories from national brands and its own private-label collections, including BKE and Buckle Black.

The company sells merchandise through its network of retail stores across the United States and through its e-commerce platform. Buckle stores generally emphasize personalized customer service, denim fittings and outfit coordination, while its online channel provides access to apparel and accessories for customers outside its store markets.

Buckle traces its origins to 1948, when it began as a clothing store in Kearney, Nebraska.