Buckle (NYSE:BKE) Reaches New 52-Week High – Should You Buy?

The Buckle, Inc. (NYSE:BKE)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $49.40 and last traded at $49.38, with a volume of 26278 shares traded. The stock had previously closed at $47.61.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BKE shares. StockNews.com upgraded shares of Buckle from a “hold” rating to a “buy” rating in a report on Friday, November 8th. UBS Group raised shares of Buckle from a “sell” rating to a “neutral” rating and increased their price target for the stock from $31.00 to $46.00 in a research report on Tuesday.

Buckle Price Performance

The stock has a market capitalization of $2.51 billion, a P/E ratio of 11.61 and a beta of 1.14. The business’s 50 day simple moving average is $43.21 and its 200-day simple moving average is $40.33.

Buckle (NYSE:BKE) last issued its quarterly earnings data on Friday, August 23rd. The company reported $0.78 EPS for the quarter. The business had revenue of $282.39 million for the quarter. Buckle had a net margin of 16.69% and a return on equity of 46.17%.

Buckle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were issued a $0.35 dividend. The ex-dividend date was Friday, October 11th. This represents a $1.40 annualized dividend and a yield of 2.83%. Buckle’s dividend payout ratio is currently 34.15%.

Insider Buying and Selling at Buckle

In related news, CEO Dennis H. Nelson sold 20,453 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $42.90, for a total transaction of $877,433.70. Following the sale, the chief executive officer now owns 1,822,546 shares in the company, valued at approximately $78,187,223.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Dennis H. Nelson sold 20,453 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $42.90, for a total transaction of $877,433.70. Following the completion of the transaction, the chief executive officer now owns 1,822,546 shares of the company’s stock, valued at approximately $78,187,223.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dennis H. Nelson sold 24,666 shares of Buckle stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $42.44, for a total transaction of $1,046,825.04. Following the transaction, the chief executive officer now directly owns 1,924,811 shares of the company’s stock, valued at $81,688,978.84. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 142,931 shares of company stock valued at $6,080,458 in the last three months. 39.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Blue Trust Inc. raised its position in Buckle by 52.0% in the third quarter. Blue Trust Inc. now owns 789 shares of the company’s stock worth $35,000 after acquiring an additional 270 shares during the period. Unison Advisors LLC raised its position in Buckle by 0.9% in the third quarter. Unison Advisors LLC now owns 37,859 shares of the company’s stock worth $1,665,000 after acquiring an additional 334 shares during the period. Redhawk Wealth Advisors Inc. raised its position in Buckle by 2.7% in the second quarter. Redhawk Wealth Advisors Inc. now owns 13,927 shares of the company’s stock worth $514,000 after acquiring an additional 370 shares during the period. Exchange Traded Concepts LLC raised its position in Buckle by 0.7% in the third quarter. Exchange Traded Concepts LLC now owns 59,961 shares of the company’s stock worth $2,636,000 after acquiring an additional 396 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in Buckle by 2.8% in the second quarter. Louisiana State Employees Retirement System now owns 14,900 shares of the company’s stock worth $550,000 after acquiring an additional 400 shares during the period. 53.93% of the stock is currently 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.