Buckle, Inc. (The) (NYSE:BKE – Get Free Report) SVP Scott Werth sold 2,500 shares of the stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of $46.75, for a total transaction of $116,875.00. Following the completion of the transaction, the senior vice president directly owned 46,960 shares in the company, valued at approximately $2,195,380. This represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Buckle Stock Up 3.2%
Shares of BKE stock opened at $47.50 on Friday. Buckle, Inc. has a 12-month low of $39.44 and a 12-month high of $58.52. The company has a market capitalization of $2.45 billion, a PE ratio of 10.94 and a beta of 1.14. The firm has a 50 day moving average price of $43.11 and a two-hundred day moving average price of $45.80.
Buckle (NYSE:BKE – Get Free Report) last posted its earnings results on Friday, August 21st. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.81 by $0.06. The company had revenue of $319.82 million for the quarter, compared to the consensus estimate of $319.80 million. Buckle had a return on equity of 46.91% and a net margin of 16.62%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.89 earnings per share.
Buckle Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Thursday, October 15th will be paid a $0.35 dividend. The ex-dividend date is Thursday, October 15th. This represents a $1.40 annualized dividend and a yield of 2.9%. Buckle’s payout ratio is 32.26%.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of Buckle in the second quarter valued at approximately $208,888,000. Bank of New York Mellon Corp bought a new stake in shares of Buckle in the second quarter valued at approximately $27,466,000. Impala Asset Management LLC acquired a new stake in Buckle during the second quarter worth approximately $17,386,000. Lazard Asset Management LLC grew its position in Buckle by 1,066.8% during the first quarter. Lazard Asset Management LLC now owns 297,594 shares of the company’s stock worth $14,987,000 after buying an additional 272,088 shares in the last quarter. Finally, Summit Street Capital Management LLC acquired a new stake in Buckle during the second quarter worth approximately $11,474,000. 53.93% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms have weighed in on BKE. Weiss Ratings upgraded Buckle from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 15th. UBS Group reissued a “neutral” rating on shares of Buckle in a research report on Monday, August 24th. Two equities research analysts have rated the stock with a Hold rating. According to MarketBeat.com, Buckle presently has an average rating of “Hold” and an average target price of $46.00.
Buckle Company Profile
Buckle, Inc is a specialty retailer of casual apparel, footwear and accessories for fashion-conscious young men and women. The company offers a broad selection of denim, tops, bottoms, outerwear, dresses, activewear, shoes, jewelry and other accessories from national brands and its own private-label collections, including BKE and Buckle Black.
The company sells merchandise through its network of retail stores across the United States and through its e-commerce platform. Buckle stores generally emphasize personalized customer service, denim fittings and outfit coordination, while its online channel provides access to apparel and accessories for customers outside its store markets.
Buckle traces its origins to 1948, when it began as a clothing store in Kearney, Nebraska.
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