The Buckle, Inc. (NYSE:BKE) CEO Sells $557,148.80 in Stock

The Buckle, Inc. (NYSE:BKE) CEO Dennis H. Nelson sold 15,340 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $36.32, for a total transaction of $557,148.80. Following the completion of the sale, the chief executive officer now directly owns 1,647,695 shares in the company, valued at approximately $59,844,282.40. The trade was a 0.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Buckle Stock Performance

Shares of NYSE:BKE opened at $38.41 on Thursday. The business has a fifty day moving average of $43.45 and a 200-day moving average of $45.50. The firm has a market cap of $1.95 billion, a PE ratio of 9.75 and a beta of 1.17. The Buckle, Inc. has a twelve month low of $34.67 and a twelve month high of $54.25.

Buckle (NYSE:BKE) last announced its earnings results on Friday, March 14th. The company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.09. Buckle had a net margin of 16.21% and a return on equity of 44.11%. The company had revenue of $379.20 million during the quarter, compared to the consensus estimate of $378.97 million. During the same period in the previous year, the firm posted $1.59 earnings per share. The company’s revenue was down .8% on a year-over-year basis.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. StockNews.com lowered shares of Buckle from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. UBS Group reduced their target price on Buckle from $43.00 to $41.00 and set a “neutral” rating on the stock in a report on Tuesday.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in shares of Buckle during the fourth quarter worth $31,000. Caption Management LLC bought a new stake in Buckle during the 4th quarter worth about $36,000. Smartleaf Asset Management LLC lifted its position in Buckle by 268.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 825 shares of the company’s stock valued at $42,000 after purchasing an additional 601 shares during the period. Bellwether Advisors LLC bought a new position in shares of Buckle in the 4th quarter valued at about $43,000. Finally, Quarry LP grew its position in shares of Buckle by 60.9% during the 3rd quarter. Quarry LP now owns 938 shares of the company’s stock worth $41,000 after buying an additional 355 shares during the period. Institutional investors and hedge funds own 53.93% of the company’s stock.

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.