James Shada Sells 20,000 Shares of Buckle (NYSE:BKE) Stock

Buckle, Inc. (The) (NYSE:BKE) Director James Shada sold 20,000 shares of Buckle stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $59.49, for a total transaction of $1,189,800.00. Following the transaction, the director directly owned 55,352 shares of the company’s stock, valued at approximately $3,292,890.48. This represents a 26.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Buckle Price Performance

Buckle stock opened at $59.11 on Wednesday. Buckle, Inc. has a 1-year low of $33.12 and a 1-year high of $60.55. The firm has a market capitalization of $3.02 billion, a P/E ratio of 14.78 and a beta of 1.02. The company’s 50-day moving average is $52.37 and its 200 day moving average is $43.79.

Buckle (NYSE:BKE) last announced its earnings results on Friday, August 22nd. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.06. Buckle had a return on equity of 43.97% and a net margin of 16.12%.The business had revenue of $305.74 million during the quarter, compared to analyst estimates of $292.61 million. During the same quarter in the previous year, the business earned $0.78 earnings per share. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year.

Buckle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 29th. Shareholders of record on Wednesday, October 15th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, October 15th. Buckle’s dividend payout ratio is 35.00%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted its position in shares of Buckle by 21.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,253 shares of the company’s stock worth $623,000 after purchasing an additional 2,127 shares during the period. Northern Trust Corp increased its holdings in Buckle by 6.3% during the fourth quarter. Northern Trust Corp now owns 385,627 shares of the company’s stock valued at $19,594,000 after buying an additional 23,002 shares during the period. BNP Paribas Financial Markets raised its stake in Buckle by 2.2% in the fourth quarter. BNP Paribas Financial Markets now owns 90,181 shares of the company’s stock worth $4,582,000 after buying an additional 1,926 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in Buckle by 16.6% during the fourth quarter. Baird Financial Group Inc. now owns 44,157 shares of the company’s stock worth $2,244,000 after buying an additional 6,288 shares during the period. Finally, Deutsche Bank AG boosted its position in Buckle by 80.9% during the 4th quarter. Deutsche Bank AG now owns 32,888 shares of the company’s stock valued at $1,671,000 after acquiring an additional 14,712 shares in the last quarter. 53.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BKE. UBS Group lifted their target price on Buckle from $51.00 to $54.00 and gave the stock a “neutral” rating in a research report on Monday, August 25th. Wall Street Zen upgraded shares of Buckle from a “hold” rating to a “buy” rating in a report on Saturday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Buckle has an average rating of “Hold” and a consensus target price of $54.00.

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.