Buckle, Inc. (The) (BKE) Director Sells $17,087.50 in Stock
Buckle, Inc. (The) (NYSE:BKE) Director Michael E. Huss sold 1,250 shares of Buckle, Inc. (The) stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $13.67, for a total value of $17,087.50. Following the transaction, the director now owns 16,500 shares in the company, valued at approximately $225,555. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Buckle, Inc. (NYSE BKE) traded up 0.171% on Friday, hitting $14.625. The company’s stock had a trading volume of 432,158 shares. Buckle, Inc. has a 12 month low of $13.50 and a 12 month high of $27.48. The stock has a market cap of $705.17 million, a PE ratio of 8.130 and a beta of 0.89. The firm has a 50 day moving average of $16.08 and a 200-day moving average of $17.79.
Buckle, Inc. (The) (NYSE:BKE) last announced its earnings results on Thursday, August 17th. The company reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.01. Buckle, Inc. (The) had a return on equity of 19.96% and a net margin of 9.40%. The company had revenue of $195.65 million for the quarter, compared to analysts’ expectations of $195.97 million. During the same period last year, the firm earned $0.32 EPS. Buckle, Inc. (The)’s revenue for the quarter was down 7.8% compared to the same quarter last year. On average, analysts expect that Buckle, Inc. will post $1.63 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 26th. Shareholders of record on Friday, July 14th were paid a $0.25 dividend. The ex-dividend date was Wednesday, July 12th. This represents a $1.00 dividend on an annualized basis and a yield of 6.85%. Buckle, Inc. (The)’s payout ratio is presently 55.56%.
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A number of large investors have recently modified their holdings of the company. State Street Corp raised its stake in shares of Buckle, Inc. (The) by 28.5% in the first quarter. State Street Corp now owns 1,046,933 shares of the company’s stock worth $19,468,000 after buying an additional 232,335 shares during the last quarter. Adams Asset Advisors LLC raised its stake in shares of Buckle, Inc. (The) by 32.3% in the first quarter. Adams Asset Advisors LLC now owns 42,953 shares of the company’s stock worth $798,000 after buying an additional 10,498 shares during the last quarter. Oxford Asset Management acquired a new stake in shares of Buckle, Inc. (The) during the first quarter worth about $187,000. Sprucegrove Investment Management Ltd. raised its stake in shares of Buckle, Inc. (The) by 56.7% in the first quarter. Sprucegrove Investment Management Ltd. now owns 422,300 shares of the company’s stock worth $7,855,000 after buying an additional 152,800 shares during the last quarter. Finally, Creative Planning raised its stake in shares of Buckle, Inc. (The) by 3.6% in the first quarter. Creative Planning now owns 18,479 shares of the company’s stock worth $344,000 after buying an additional 647 shares during the last quarter. Institutional investors and hedge funds own 64.59% of the company’s stock.
Several research firms have commented on BKE. Zacks Investment Research upgraded Buckle, Inc. (The) from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Friday, May 19th. ValuEngine upgraded Buckle, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Saturday, May 20th. Deutsche Bank AG restated a “sell” rating and issued a $15.00 target price (down previously from $16.00) on shares of Buckle, Inc. (The) in a research note on Thursday, June 22nd. Finally, BidaskClub cut Buckle, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The company presently has an average rating of “Sell” and a consensus target price of $18.00.
About Buckle, Inc. (The)
The Buckle, Inc is a retailer of casual apparel, footwear and accessories for young men and women. As of January 28, 2017, the Company operated 467 retail stores in 44 states throughout the United States under the names Buckle and The Buckle. The Company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear.
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