Dennis H. Nelson Sells 30,678 Shares of The Buckle, Inc. (NYSE:BKE) Stock

The Buckle, Inc. (NYSE:BKE) CEO Dennis H. Nelson sold 30,678 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $40.57, for a total value of $1,244,606.46. Following the transaction, the chief executive officer now owns 1,675,657 shares in the company, valued at approximately $67,981,404.49. This trade represents a 1.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Buckle Trading Up 1.2%

BKE opened at $41.33 on Friday. The Buckle, Inc. has a 1-year low of $33.12 and a 1-year high of $54.25. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 10.49 and a beta of 0.94. The business has a 50 day moving average of $36.61 and a 200-day moving average of $43.56.

Buckle (NYSE:BKE) last posted its quarterly earnings data on Friday, March 14th. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.09. Buckle had a return on equity of 44.11% and a net margin of 16.21%. The company had revenue of $379.20 million during the quarter, compared to analysts’ expectations of $378.97 million. During the same period in the prior year, the business earned $1.59 earnings per share. Buckle’s revenue for the quarter was down .8% compared to the same quarter last year.

Buckle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th were given a $0.35 dividend. The ex-dividend date was Tuesday, April 15th. This represents a $1.40 annualized dividend and a dividend yield of 3.39%. Buckle’s dividend payout ratio is 36.08%.

Analyst Ratings Changes

Several equities analysts have commented on BKE shares. UBS Group reiterated a “neutral” rating on shares of Buckle in a report on Wednesday. StockNews.com raised Buckle from a “hold” rating to a “buy” rating in a research report on Thursday.

Institutional Investors Weigh In On Buckle

Hedge funds have recently modified their holdings of the business. Caxton Associates LLP bought a new position in Buckle in the first quarter worth $446,000. Dynamic Technology Lab Private Ltd lifted its position in Buckle by 126.6% in the first quarter. Dynamic Technology Lab Private Ltd now owns 23,432 shares of the company’s stock worth $898,000 after purchasing an additional 13,092 shares during the period. New Vernon Capital Holdings II LLC lifted its position in Buckle by 3,732.0% in the first quarter. New Vernon Capital Holdings II LLC now owns 671,251 shares of the company’s stock worth $25,722,000 after purchasing an additional 653,734 shares during the period. Millennium Management LLC lifted its position in Buckle by 15.3% in the first quarter. Millennium Management LLC now owns 99,547 shares of the company’s stock worth $3,815,000 after purchasing an additional 13,189 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Buckle by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,363 shares of the company’s stock worth $704,000 after purchasing an additional 797 shares during the period. 53.93% of the stock is owned by institutional investors.

Buckle Company Profile

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.