The Buckle, Inc. Stock Climbs 0% Following September Same-Store Sales Report (NYSE:BKE)

Buckle’s (NYSE:BKE) same-store sales climbed 1.8% during the month of September. Buckle’s stock rose by 0% in the first day of trading following the news.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. UBS Group decreased their price objective on shares of Buckle from $32.00 to $31.00 and set a “sell” rating for the company in a research report on Monday, August 26th. StockNews.com lowered Buckle from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd.

Insider Buying and Selling at Buckle

In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $44.35, for a total value of $907,090.55. Following the completion of the transaction, the chief executive officer now directly owns 1,883,905 shares of the company’s stock, valued at $83,551,186.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, SVP Brett P. Milkie sold 16,000 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $41.35, for a total value of $661,600.00. Following the transaction, the senior vice president now owns 80,170 shares of the company’s stock, valued at $3,315,029.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dennis H. Nelson sold 20,453 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $44.35, for a total value of $907,090.55. Following the sale, the chief executive officer now owns 1,883,905 shares in the company, valued at $83,551,186.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 138,752 shares of company stock valued at $5,786,422 in the last quarter. 39.80% of the stock is currently owned by corporate insiders.

Buckle Stock Up 0.9 %

Shares of NYSE:BKE opened at $44.55 on Monday. The stock has a market cap of $2.26 billion, a PE ratio of 10.51 and a beta of 1.13. The company’s fifty day moving average is $42.63 and its 200 day moving average is $39.56. Buckle has a 52 week low of $32.16 and a 52 week high of $48.15.

Buckle (NYSE:BKE) last announced its quarterly earnings data on Friday, August 23rd. The company reported $0.78 earnings per share for the quarter. Buckle had a return on equity of 46.17% and a net margin of 16.69%. The firm had revenue of $282.39 million during the quarter.

Buckle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date is Friday, October 11th. Buckle’s payout ratio is 33.02%.

Institutional Investors Weigh In On Buckle

Several institutional investors and hedge funds have recently bought and sold shares of BKE. TFO Wealth Partners LLC lifted its holdings in Buckle by 60,000.0% in the fourth quarter. TFO Wealth Partners LLC now owns 601 shares of the company’s stock worth $29,000 after buying an additional 600 shares during the period. Blue Trust Inc. raised its holdings in Buckle by 52.0% in the third quarter. Blue Trust Inc. now owns 789 shares of the company’s stock worth $35,000 after purchasing an additional 270 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in shares of Buckle in the 1st quarter worth approximately $70,000. CWM LLC increased its position in Buckle by 119.9% during the 2nd quarter. CWM LLC now owns 2,010 shares of the company’s stock valued at $74,000 after buying an additional 1,096 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new position in Buckle during the fourth quarter valued at $103,000. Hedge funds and other institutional investors own 53.93% of the company’s stock.

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.