The Buckle, Inc. (NYSE:BKE) Director Karen B. Rhoads Sells 9,500 Shares

The Buckle, Inc. (NYSE:BKE) Director Karen B. Rhoads sold 9,500 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $51.63, for a total value of $490,485.00. Following the transaction, the director now owns 214,089 shares of the company’s stock, valued at $11,053,415.07. This trade represents a 4.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Buckle Price Performance

Shares of NYSE:BKE opened at $51.80 on Wednesday. The Buckle, Inc. has a 1 year low of $34.87 and a 1 year high of $52.17. The business’s 50-day moving average is $44.32 and its 200-day moving average is $40.98. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of 13.15 and a beta of 1.14.

Buckle (NYSE:BKE) last issued its quarterly earnings results on Friday, November 22nd. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.01). The business had revenue of $293.60 million during the quarter, compared to analyst estimates of $293.60 million. Buckle had a net margin of 16.21% and a return on equity of 44.11%. Buckle’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period last year, the firm posted $1.04 earnings per share.

Buckle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend was Friday, October 11th. Buckle’s dividend payout ratio is presently 35.53%.

Institutional Investors Weigh In On Buckle

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. boosted its position in shares of Buckle by 52.0% during the 3rd 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. Quarry LP raised its stake in 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. Quest Partners LLC acquired a new stake in Buckle in the third quarter valued at approximately $86,000. CWM LLC increased its holdings in shares of Buckle by 119.9% during the second quarter. CWM LLC now owns 2,010 shares of the company’s stock valued at $74,000 after acquiring an additional 1,096 shares in the last quarter. Finally, Signaturefd LLC raised its position in shares of Buckle by 38.7% during the third quarter. Signaturefd LLC now owns 2,236 shares of the company’s stock worth $98,000 after purchasing an additional 624 shares during the period. 53.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BKE has been the subject of several analyst reports. UBS Group upgraded shares of Buckle from a “sell” rating to a “neutral” rating and raised their price target for the stock from $31.00 to $46.00 in a report on Tuesday, November 12th. StockNews.com raised shares of Buckle from a “hold” rating to a “buy” rating in a research note on Monday, November 18th.

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.