Insider Selling: Buckle (NYSE:BKE) SVP Sells 719 Shares of Stock

Buckle, Inc. (The) (NYSE:BKE) SVP Michelle Hoffman sold 719 shares of Buckle stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $50.00, for a total transaction of $35,950.00. Following the completion of the transaction, the senior vice president owned 75,163 shares in the company, valued at approximately $3,758,150. This represents a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Michelle Hoffman also recently made the following trade(s):

• On Friday, March 20th, Michelle Hoffman sold 29,281 shares of Buckle stock. The shares were sold at an average price of $49.12, for a total transaction of $1,438,282.72.

Buckle Trading Up 1.7%

Shares of BKE traded up $0.83 during mid-day trading on Monday, hitting $50.02. 601,249 shares of the company’s stock were exchanged, compared to its average volume of 510,945. Buckle, Inc. has a fifty-two week low of $33.12 and a fifty-two week high of $61.69. The business’s 50 day moving average is $51.77 and its two-hundred day moving average is $54.85. The firm has a market capitalization of $2.56 billion, a P/E ratio of 12.08 and a beta of 1.17.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. AQR Capital Management LLC lifted its holdings in Buckle by 9.5% in the first quarter. AQR Capital Management LLC now owns 94,408 shares of the company’s stock valued at $3,618,000 after acquiring an additional 8,202 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Buckle by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,363 shares of the company’s stock worth $704,000 after purchasing an additional 797 shares during the period. Millennium Management LLC grew its stake in shares of Buckle by 15.3% during the 1st quarter. Millennium Management LLC now owns 99,547 shares of the company’s stock worth $3,815,000 after purchasing an additional 13,189 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of Buckle by 1,928.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock valued at $25,000 after purchasing an additional 617 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Buckle by 1,652.3% in the 2nd quarter. Allworth Financial LP now owns 771 shares of the company’s stock valued at $35,000 after purchasing an additional 727 shares in the last quarter. Hedge funds and other institutional investors own 53.93% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wall Street Zen raised Buckle from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Weiss Ratings raised shares of Buckle from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Finally, UBS Group reduced their target price on shares of Buckle from $55.00 to $53.00 and set a “neutral” rating for the company in a research note on Monday, March 16th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $53.00.

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.