The Buckle, Inc. (NYSE:BKE) Director John P. Peetz Sells 2,500 Shares

The Buckle, Inc. (NYSE:BKE) Director John P. Peetz sold 2,500 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $51.70, for a total transaction of $129,250.00. Following the completion of the transaction, the director now owns 22,123 shares in the company, valued at approximately $1,143,759.10. This trade represents a 10.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Buckle Trading Up 1.4 %

Shares of NYSE:BKE opened at $52.18 on Monday. The Buckle, Inc. has a 12-month low of $34.87 and a 12-month high of $54.25. The business has a 50 day moving average of $46.89 and a two-hundred day moving average of $42.47. The company has a market capitalization of $2.65 billion, a PE ratio of 13.24 and a beta of 1.14.

Buckle (NYSE:BKE) last posted its 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 firm 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%. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.04 earnings per share.

Buckle Cuts Dividend

The firm also recently announced a special dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th will be given a dividend of $2.50 per share. This represents a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, January 15th. Buckle’s dividend payout ratio (DPR) is presently 35.53%.

Analyst Upgrades and Downgrades

BKE has been the topic of several recent research reports. UBS Group raised shares of Buckle from a “sell” rating to a “neutral” rating and upped their price objective for the company from $31.00 to $46.00 in a report on Tuesday, November 12th. StockNews.com lowered shares of Buckle from a “buy” rating to a “hold” rating in a report on Friday.

Hedge Funds Weigh In On Buckle

Several institutional investors and hedge funds have recently modified their holdings of the business. Price T Rowe Associates Inc. MD raised its stake in shares of Buckle by 14.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,734 shares of the company’s stock worth $352,000 after buying an additional 1,096 shares during the period. CWM LLC raised its position in Buckle by 119.9% during the second quarter. CWM LLC now owns 2,010 shares of the company’s stock worth $74,000 after acquiring an additional 1,096 shares during the period. Gladius Capital Management LP raised its position in Buckle by 217.4% during the second quarter. Gladius Capital Management LP now owns 2,955 shares of the company’s stock worth $109,000 after acquiring an additional 2,024 shares during the period. Summit Global Investments purchased a new position in Buckle during the second quarter valued at $906,000. Finally, SummerHaven Investment Management LLC grew its position in shares of Buckle by 1.9% in the second quarter. SummerHaven Investment Management LLC now owns 21,719 shares of the company’s stock valued at $802,000 after purchasing an additional 410 shares during the period. Hedge funds and other institutional investors 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.