Buckle (NYSE:BKE) EVP Kari Smith Sells 48,860 Shares

Buckle, Inc. (The) (NYSE:BKE) EVP Kari Smith sold 48,860 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $50.39, for a total transaction of $2,462,055.40. Following the transaction, the executive vice president owned 76,754 shares of the company’s stock, valued at approximately $3,867,634.06. This represents a 38.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Buckle Stock Performance

Shares of NYSE BKE opened at $50.43 on Wednesday. The company has a market cap of $2.58 billion, a P/E ratio of 12.18 and a beta of 1.17. Buckle, Inc. has a 52-week low of $33.12 and a 52-week high of $61.69. The firm’s fifty day moving average is $52.11 and its two-hundred day moving average is $55.02.

Buckle (NYSE:BKE) last announced its quarterly earnings results on Friday, March 13th. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.08. The company had revenue of $399.14 million during the quarter, compared to analyst estimates of $396.45 million. Buckle had a return on equity of 45.18% and a net margin of 16.16%.The firm’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.53 earnings per share.

Institutional Investors Weigh In On Buckle

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. boosted its stake in shares of 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 purchasing an additional 617 shares during the period. Hantz Financial Services Inc. boosted its position in shares of Buckle by 81.6% during the third quarter. Hantz Financial Services Inc. now owns 463 shares of the company’s stock valued at $27,000 after buying an additional 208 shares during the period. Allworth Financial LP grew its stake in shares of Buckle by 1,652.3% during the second quarter. Allworth Financial LP now owns 771 shares of the company’s stock valued at $35,000 after buying an additional 727 shares during the last quarter. Miller Capital Partners Inc. purchased a new stake in shares of Buckle in the fourth quarter worth approximately $37,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of 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 acquiring an additional 592 shares during the last quarter. Hedge funds and other institutional investors own 53.93% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on BKE. Weiss Ratings restated a “hold (c+)” rating on shares of Buckle in a research report on Wednesday, January 21st. UBS Group reduced their target price on shares of Buckle from $55.00 to $53.00 and set a “neutral” rating on the stock in a report on Monday. Finally, Wall Street Zen raised shares of Buckle from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Buckle currently has an average rating of “Hold” and an average price target of $53.00.

Buckle Company Profile

Buckle, Inc is a retailer specializing in casual apparel, footwear and accessories for young men and women. The company is known for its denim-focused collections, offering both private-label lines and curated brand-name merchandise. Its product assortment includes jeans, tops, outerwear, shoes and a variety of accessories such as belts, jewelry and handbags, all aimed at blending contemporary style with everyday comfort.

Founded in 1948 in Kearney, Nebraska, Buckle began as a single clothing store and has since expanded into a nationwide chain.