Buckle, Inc. (The) (BKE) To Go Ex-Dividend on April 15th

Buckle, Inc. (The) (NYSE:BKE) declared a quarterly dividend on Monday, March 23rd. Investors of record on Wednesday, April 15th will be paid a dividend of 0.35 per share on Wednesday, April 29th. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Wednesday, April 15th.

Buckle has increased its dividend by an average of 0.1%per year over the last three years. Buckle has a payout ratio of 37.3% meaning its dividend is sufficiently covered by earnings.

Buckle Stock Performance

Shares of Buckle stock opened at $50.10 on Wednesday. The stock has a 50 day moving average of $51.56 and a 200 day moving average of $54.72. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 12.10 and a beta of 1.17. Buckle has a fifty-two week low of $33.12 and a fifty-two week high of $61.69.

Buckle (NYSE:BKE) last posted its earnings results on Friday, March 13th. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.08. Buckle had a return on equity of 45.18% and a net margin of 16.16%.The company had revenue of $399.14 million for the quarter, compared to the consensus estimate of $396.45 million. During the same quarter in the previous year, the business earned $1.53 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis.

Insider Activity at Buckle

In other news, EVP Kari G. Smith sold 48,860 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $50.39, for a total value of $2,462,055.40. Following the completion of the transaction, the executive vice president owned 76,754 shares in the company, valued at approximately $3,867,634.06. This represents a 38.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Michelle Hoffman sold 29,281 shares of the stock in a transaction on Friday, March 20th. The shares were sold at an average price of $49.12, for a total transaction of $1,438,282.72. Following the completion of the transaction, the senior vice president directly owned 45,882 shares in the company, valued at $2,253,723.84. This trade represents a 38.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 80,000 shares of company stock valued at $3,993,072 in the last 90 days. Insiders own 39.80% of the company’s stock.

Hedge Funds Weigh In On Buckle

Several large investors have recently bought and sold shares of the stock. AQR Capital Management LLC boosted its position in shares of Buckle by 9.5% in the 1st quarter. AQR Capital Management LLC now owns 94,408 shares of the company’s stock valued at $3,618,000 after purchasing an additional 8,202 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake 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 valued at $704,000 after buying an additional 797 shares during the last quarter. Millennium Management LLC lifted its stake in Buckle by 15.3% in the first quarter. Millennium Management LLC now owns 99,547 shares of the company’s stock valued at $3,815,000 after buying an additional 13,189 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Buckle by 1,928.1% in the first quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock valued at $25,000 after acquiring an additional 617 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Buckle by 5.6% in the second quarter. Geode Capital Management LLC now owns 900,932 shares of the company’s stock valued at $40,861,000 after acquiring an additional 47,751 shares during the period. Institutional investors and hedge funds own 53.93% of the company’s stock.

About Buckle

Buckle, Inc is a retailer specializing in casual apparel, footwear and accessories for young men and women. The company is known for its denim-focused collections, offering both private-label lines and curated brand-name merchandise. Its product assortment includes jeans, tops, outerwear, shoes and a variety of accessories such as belts, jewelry and handbags, all aimed at blending contemporary style with everyday comfort.

Founded in 1948 in Kearney, Nebraska, Buckle began as a single clothing store and has since expanded into a nationwide chain.