Bill Fairfield Sells 2,500 Shares of Buckle (NYSE:BKE) Stock

Buckle, Inc. (The) (NYSE:BKE) Director Bill Fairfield sold 2,500 shares of Buckle stock in a transaction on Monday, June 8th. The shares were sold at an average price of $44.44, for a total transaction of $111,100.00. Following the completion of the sale, the director directly owned 52,908 shares of the company’s stock, valued at approximately $2,351,231.52. The trade was a 4.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Buckle Trading Up 1.5%

BKE stock opened at $45.01 on Friday. Buckle, Inc. has a 1 year low of $42.39 and a 1 year high of $61.69. The company has a fifty day simple moving average of $50.67 and a 200 day simple moving average of $52.25. The firm has a market cap of $2.32 billion, a PE ratio of 10.32 and a beta of 1.08.

Buckle (NYSE:BKE) last released its quarterly earnings data on Friday, May 29th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.18. Buckle had a net margin of 16.85% and a return on equity of 47.35%. The business had revenue of $288.74 million during the quarter, compared to analyst estimates of $287.68 million. During the same quarter in the previous year, the business earned $0.70 EPS. Buckle’s quarterly revenue was up 6.1% compared to the same quarter last year.

Buckle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Wednesday, July 15th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, July 15th. Buckle’s payout ratio is presently 32.11%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. UBS Group reduced their price objective on shares of Buckle from $52.00 to $47.00 and set a “neutral” rating for the company in a research note on Monday, June 1st. Wall Street Zen lowered shares of Buckle from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, Weiss Ratings lowered shares of Buckle from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 29th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $47.00.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. raised its holdings in Buckle by 1,928.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock worth $25,000 after acquiring an additional 617 shares during the period. Hantz Financial Services Inc. raised its holdings in Buckle by 81.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 463 shares of the company’s stock worth $27,000 after acquiring an additional 208 shares during the period. Miller Capital Partners Inc. bought a new position in Buckle in the 4th quarter worth $37,000. EverSource Wealth Advisors LLC raised its holdings in Buckle by 162.2% in 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 period. Finally, Quarry LP bought a new position in Buckle in the 3rd quarter worth $65,000. Institutional investors own 53.93% of the company’s stock.

About Buckle

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.