The Buckle, Inc. (NYSE:BKE) Director Sells $129,250.00 in Stock

The Buckle, Inc. (NYSE:BKE) Director John P. Peetz sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $51.70, for a total value of $129,250.00. Following the completion of the sale, the director now owns 22,123 shares in the company, valued at approximately $1,143,759.10. This represents a 10.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Buckle Price Performance

Shares of NYSE BKE opened at $52.17 on Friday. The Buckle, Inc. has a 12 month low of $34.87 and a 12 month high of $54.25. The firm’s 50 day simple moving average is $46.89 and its 200-day simple moving average is $42.39. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of 13.24 and a beta of 1.14.

Buckle (NYSE:BKE) last issued its quarterly earnings data on Friday, November 22nd. The company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.01). The business had revenue of $293.60 million during the quarter, compared to analyst estimates of $293.60 million. Buckle had a net margin of 16.21% and a return on equity of 44.11%. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.04 earnings per share.

Buckle Cuts Dividend

The firm also recently disclosed a special dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th will be paid a dividend of $2.50 per share. The ex-dividend date is Wednesday, January 15th. This represents a yield of 2.6%. Buckle’s dividend payout ratio is presently 35.53%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Blue Trust Inc. grew its position in shares of Buckle by 52.0% in the third quarter. Blue Trust Inc. now owns 789 shares of the company’s stock valued at $35,000 after purchasing an additional 270 shares in the last quarter. Quarry LP grew its holdings in Buckle by 60.9% in the 3rd quarter. Quarry LP now owns 938 shares of the company’s stock valued at $41,000 after buying an additional 355 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Buckle in the 3rd quarter worth $86,000. CWM LLC raised its holdings in shares of Buckle by 119.9% during the 2nd quarter. CWM LLC now owns 2,010 shares of the company’s stock worth $74,000 after acquiring an additional 1,096 shares during the period. Finally, Signaturefd LLC boosted its position in shares of Buckle by 38.7% during the 3rd quarter. Signaturefd LLC now owns 2,236 shares of the company’s stock valued at $98,000 after acquiring an additional 624 shares during the last quarter. 53.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on BKE. UBS Group upgraded shares of Buckle from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $31.00 to $46.00 in a research note on Tuesday, November 12th. StockNews.com lowered shares of Buckle from a “buy” rating to a “hold” rating in a report on Friday.

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.