The Buckle, Inc. (NYSE:BKE – Get Free Report) CEO Dennis H. Nelson sold 20,453 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $43.42, for a total value of $888,069.26. Following the completion of the transaction, the chief executive officer now directly owns 1,698,828 shares of the company’s stock, valued at approximately $73,763,111.76. The trade was a 1.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Buckle Stock Down 0.1 %
NYSE BKE traded down $0.03 on Thursday, reaching $42.45. 292,773 shares of the stock traded hands, compared to its average volume of 466,201. The Buckle, Inc. has a 12 month low of $34.87 and a 12 month high of $54.25. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 10.78 and a beta of 1.14. The firm’s fifty day simple moving average is $49.45 and its 200 day simple moving average is $45.87.
Buckle (NYSE:BKE – Get Free Report) last announced its earnings results on Friday, November 22nd. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.01). Buckle had a net margin of 16.21% and a return on equity of 44.11%. The firm had revenue of $293.60 million for the quarter, compared to the consensus estimate of $293.60 million. During the same period in the prior year, the business earned $1.04 EPS. The company’s quarterly revenue was down 3.3% compared to the same quarter last year.
Buckle Cuts Dividend
Institutional Trading of Buckle
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp boosted 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 worth $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% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,286,212 shares of the company’s stock valued at $65,352,000 after acquiring an additional 69,258 shares during the last quarter. 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. Geode Capital Management LLC grew its holdings in shares of Buckle by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 815,688 shares of the company’s stock worth $41,454,000 after acquiring an additional 16,610 shares during the last quarter. Finally, Impala Asset Management LLC raised its position in shares of Buckle by 43.3% during the third quarter. Impala Asset Management LLC now owns 365,000 shares of the company’s stock worth $16,049,000 after purchasing an additional 110,273 shares during the period. 53.93% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the stock. StockNews.com raised shares of Buckle from a “hold” rating to a “buy” rating in a report on Friday, January 3rd. UBS Group raised shares of Buckle from a “sell” rating to a “neutral” rating and upped their price target for the stock from $31.00 to $46.00 in a research note on Tuesday, November 12th.
Check Out Our Latest Report on Buckle
Buckle Company Profile
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.
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