The Buckle, Inc. (NYSE:BKE) VP Diane L. Applegate sold 15,088 shares of The Buckle stock in a transaction dated Wednesday, November 25th. The stock was sold at an average price of $28.54, for a total transaction of $430,611.52. Following the sale, the vice president now owns 42,500 shares of the company’s stock, valued at $1,212,950. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
BKE stock traded down $1.24 during midday trading on Monday, reaching $26.81. 20,451 shares of the company’s stock traded hands, compared to its average volume of 582,420. The Buckle, Inc. has a fifty-two week low of $11.76 and a fifty-two week high of $31.20. The business has a 50-day moving average price of $25.54 and a two-hundred day moving average price of $19.39. The company has a market capitalization of $1.41 billion, a P/E ratio of 12.30 and a beta of 1.22.
The Buckle (NYSE:BKE) last posted its earnings results on Thursday, November 19th. The company reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.30. The Buckle had a net margin of 13.07% and a return on equity of 27.47%. The business had revenue of $251.01 million for the quarter, compared to analyst estimates of $251.00 million. Equities analysts expect that The Buckle, Inc. will post 2.3 earnings per share for the current year.
BKE has been the subject of several recent analyst reports. ValuEngine raised shares of The Buckle from a “sell” rating to a “hold” rating in a research note on Tuesday, November 10th. TheStreet upgraded shares of The Buckle from a “c+” rating to a “b” rating in a report on Friday, September 11th. Finally, Zacks Investment Research upgraded The Buckle from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a report on Wednesday, November 11th.
Several hedge funds and other institutional investors have recently modified their holdings of BKE. FMR LLC grew its stake in shares of The Buckle by 4.1% in the second quarter. FMR LLC now owns 7,015,972 shares of the company’s stock valued at $110,010,000 after buying an additional 277,577 shares in the last quarter. BlackRock Inc. grew its position in The Buckle by 17.7% in the third quarter. BlackRock Inc. now owns 5,183,879 shares of the company’s stock valued at $105,699,000 after acquiring an additional 781,060 shares in the last quarter. Sprucegrove Investment Management Ltd. lifted its position in shares of The Buckle by 67.3% during the third quarter. Sprucegrove Investment Management Ltd. now owns 1,569,700 shares of the company’s stock worth $32,006,000 after purchasing an additional 631,400 shares in the last quarter. Palisade Capital Management LLC NJ lifted its position in shares of The Buckle by 4.5% during the third quarter. Palisade Capital Management LLC NJ now owns 767,283 shares of the company’s stock worth $15,645,000 after purchasing an additional 32,780 shares in the last quarter. Finally, Sprott Inc. grew its holdings in The Buckle by 14.3% during the 3rd quarter. Sprott Inc. now owns 320,000 shares of the company’s stock valued at $6,525,000 after purchasing an additional 40,000 shares in the last quarter. 58.96% of the stock is owned by institutional investors.
About The 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, BKE Boutique, Red by BKE, Daytrip denim, Gimmicks, Gilded Intent, FITZ + EDDI, Outpost Makers, Departwest, and Veece.
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