Buckle (NYSE:BKE) SVP Sells $887,760.00 in Stock

Buckle, Inc. (The) (NYSE:BKE) SVP Michelle Hoffman sold 16,200 shares of the stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $54.80, for a total value of $887,760.00. Following the sale, the senior vice president owned 29,682 shares of the company’s stock, valued at $1,626,573.60. This represents a 35.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 value of $1,438,282.72.
• On Thursday, March 19th, Michelle Hoffman sold 719 shares of Buckle stock. The shares were sold at an average price of $50.00, for a total value of $35,950.00.

Buckle Stock Performance

BKE stock traded down $0.85 during trading on Tuesday, hitting $53.64. 41,359 shares of the company traded hands, compared to its average volume of 479,216. The firm has a market capitalization of $2.76 billion, a PE ratio of 12.96 and a beta of 1.18. Buckle, Inc. has a 1 year low of $33.35 and a 1 year high of $61.69. The company has a 50-day moving average of $51.67 and a 200-day moving average of $53.87.

Buckle (NYSE:BKE) last issued its earnings results on Friday, March 13th. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.08. The company had revenue of $399.14 million during 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%.Buckle’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.53 EPS.

Buckle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 15th will be issued a $0.35 dividend. The ex-dividend date is Wednesday, April 15th. This represents a $1.40 annualized dividend and a yield of 2.6%. Buckle’s dividend payout ratio (DPR) is 33.82%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BKE. UBS Group dropped their price objective on Buckle from $55.00 to $53.00 and set a “neutral” rating for the company in a report on Monday, March 16th. Weiss Ratings upgraded Buckle from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 20th. Finally, Wall Street Zen cut Buckle from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BKE. AQR Capital Management LLC lifted its stake in shares of Buckle by 9.5% in the 1st quarter. AQR Capital Management LLC now owns 94,408 shares of the company’s stock valued at $3,618,000 after purchasing an additional 8,202 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Buckle by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,363 shares of the company’s stock valued at $704,000 after purchasing an additional 797 shares during the period. Millennium Management LLC lifted its stake in shares of Buckle by 15.3% in the 1st quarter. Millennium Management LLC now owns 99,547 shares of the company’s stock valued at $3,815,000 after purchasing an additional 13,189 shares during the period. Geneos Wealth Management Inc. lifted its stake 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 during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of Buckle by 323.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 27,366 shares of the company’s stock valued at $1,241,000 after purchasing an additional 20,905 shares during the period. Hedge funds and other institutional investors own 53.93% of the company’s stock.

Buckle Company Profile

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.