The Buckle, Inc. (NYSE:BKE) CEO Dennis H. Nelson Sells 15,340 Shares of Stock

The Buckle, Inc. (NYSE:BKE) CEO Dennis H. Nelson sold 15,340 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $39.51, for a total transaction of $606,083.40. Following the transaction, the chief executive officer now directly owns 1,663,035 shares in the company, valued at $65,706,512.85. The trade was a 0.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Buckle Price Performance

Shares of Buckle stock opened at $37.82 on Thursday. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 9.60 and a beta of 1.17. The stock has a 50-day simple moving average of $46.49 and a 200-day simple moving average of $45.91. The Buckle, Inc. has a 52-week low of $34.87 and a 52-week high of $54.25.

Buckle Cuts Dividend

The firm also recently announced a special dividend, which was paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th were paid a $2.50 dividend. This represents a yield of 2.6%. The ex-dividend date was Wednesday, January 15th. Buckle’s dividend payout ratio (DPR) is presently 35.53%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BKE. StockNews.com lowered shares of Buckle from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. UBS Group upgraded Buckle from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $31.00 to $46.00 in a report on Tuesday, November 12th.

Institutional Trading of Buckle

Several large investors have recently added to or reduced their stakes in the business. First Trust Advisors LP raised its holdings in shares of Buckle by 9.0% during the 4th quarter. First Trust Advisors LP now owns 1,663,407 shares of the company’s stock valued at $84,518,000 after purchasing an additional 137,972 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Buckle by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,357,095 shares of the company’s stock worth $68,957,000 after buying an additional 10,178 shares during the last quarter. State Street Corp raised its holdings in Buckle by 5.7% during the third quarter. State Street Corp now owns 1,338,395 shares of the company’s stock valued at $58,849,000 after buying an additional 72,532 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Buckle by 5.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,286,212 shares of the company’s stock worth $65,352,000 after buying an additional 69,258 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Buckle by 12.0% during the 4th quarter. American Century Companies Inc. now owns 937,525 shares of the company’s stock worth $47,636,000 after acquiring an additional 100,173 shares in the last quarter. 53.93% of the stock is owned by institutional investors.

About Buckle

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.