Michelle Hoffman Sells 29,281 Shares of Buckle (NYSE:BKE) Stock

Buckle, Inc. (The) (NYSE:BKE) SVP Michelle Hoffman sold 29,281 shares of the stock in a transaction dated 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 sale, the senior vice president owned 45,882 shares of the company’s stock, valued at approximately $2,253,723.84. The trade was a 38.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Michelle Hoffman also recently made the following trade(s):

• On Thursday, March 19th, Michelle Hoffman sold 719 shares of Buckle stock. The stock was sold at an average price of $50.00, for a total transaction of $35,950.00.

Buckle Trading Up 1.7%

NYSE:BKE traded up $0.83 during trading hours on Monday, hitting $50.02. The company had a trading volume of 601,249 shares, compared to its average volume of 510,945. Buckle, Inc. has a 1 year low of $33.12 and a 1 year high of $61.69. The company has a market cap of $2.56 billion, a P/E ratio of 12.08 and a beta of 1.17. The company has a 50-day moving average of $51.77 and a 200 day moving average of $54.85.

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

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. UBS Group dropped their price target on shares of Buckle from $55.00 to $53.00 and set a “neutral” rating for the company in a research note on Monday, March 16th. Wall Street Zen raised shares of Buckle from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Finally, Weiss Ratings upgraded Buckle from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $53.00.

Hedge Funds Weigh In On Buckle

Several large investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd acquired a new stake in Buckle in the 4th quarter valued at approximately $88,000. DGS Capital Management LLC boosted its position in shares of Buckle by 30.1% during the fourth quarter. DGS Capital Management LLC now owns 7,810 shares of the company’s stock worth $417,000 after buying an additional 1,805 shares during the period. Invesco Ltd. boosted its position in shares of Buckle by 2.5% during the fourth quarter. Invesco Ltd. now owns 340,416 shares of the company’s stock worth $18,185,000 after buying an additional 8,249 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in shares of Buckle by 3.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 20,519 shares of the company’s stock valued at $1,096,000 after buying an additional 635 shares in the last quarter. Finally, Summit Global Investments grew its stake in shares of Buckle by 36.1% in the fourth quarter. Summit Global Investments now owns 23,874 shares of the company’s stock valued at $1,275,000 after buying an additional 6,335 shares in the last quarter. 53.93% of the stock is currently owned by institutional investors and hedge funds.

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.