Dennis H. Nelson Sells 20,453 Shares of The Buckle, Inc. (NYSE:BKE) Stock

The Buckle, Inc. (NYSE:BKE) CEO Dennis H. Nelson sold 20,453 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $40.86, for a total transaction of $835,709.58. Following the transaction, the chief executive officer now directly owns 1,678,375 shares in the company, valued at approximately $68,578,402.50. The trade was a 1.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Buckle Stock Performance

Shares of BKE opened at $40.04 on Friday. The firm has a market cap of $2.03 billion, a PE ratio of 10.16 and a beta of 1.14. The firm’s 50 day moving average price is $47.00 and its 200 day moving average price is $45.91. The Buckle, Inc. has a twelve month low of $34.87 and a twelve month high of $54.25.

Buckle Cuts Dividend

The company also recently declared a special dividend, which was paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th were given a $2.50 dividend. This represents a dividend yield of 2.6%. The ex-dividend date was Wednesday, January 15th. Buckle’s dividend payout ratio is 35.53%.

Hedge Funds Weigh In On Buckle

A number of institutional investors have recently modified their holdings of BKE. Balyasny Asset Management L.P. raised its position in shares of Buckle by 515.3% in the fourth quarter. Balyasny Asset Management L.P. now owns 294,953 shares of the company’s stock valued at $14,987,000 after purchasing an additional 247,019 shares during the period. Nuveen Asset Management LLC raised its position in shares of Buckle by 180.6% in the fourth quarter. Nuveen Asset Management LLC now owns 284,713 shares of the company’s stock valued at $14,466,000 after purchasing an additional 183,257 shares during the period. Teacher Retirement System of Texas raised its position in shares of Buckle by 442.8% in the fourth quarter. Teacher Retirement System of Texas now owns 190,450 shares of the company’s stock valued at $9,677,000 after purchasing an additional 155,366 shares during the period. First Trust Advisors LP raised its position in shares of Buckle by 9.0% in the fourth quarter. First Trust Advisors LP now owns 1,663,407 shares of the company’s stock valued at $84,518,000 after purchasing an additional 137,972 shares during the period. Finally, Impala Asset Management LLC raised its position in shares of Buckle by 43.3% in the third quarter. Impala Asset Management LLC now owns 365,000 shares of the company’s stock valued at $16,049,000 after purchasing an additional 110,273 shares during the period. Institutional investors own 53.93% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. UBS Group raised shares of Buckle from a “sell” rating to a “neutral” rating and raised their price objective for the company from $31.00 to $46.00 in a research report on Tuesday, November 12th. StockNews.com lowered shares of Buckle from a “buy” rating to a “hold” rating in a research report on Tuesday.

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.