Kari Smith Sells 1,140 Shares of Buckle (NYSE:BKE) Stock

Buckle, Inc. (The) (NYSE:BKE) EVP Kari Smith sold 1,140 shares of Buckle stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $49.81, for a total transaction of $56,783.40. Following the sale, the executive vice president owned 125,614 shares of the company’s stock, valued at approximately $6,256,833.34. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Buckle Trading Up 2.2%

Shares of NYSE BKE traded up $1.11 during trading on Tuesday, reaching $50.43. The company had a trading volume of 649,996 shares, compared to its average volume of 490,492. The stock has a market capitalization of $2.58 billion, a PE ratio of 12.18 and a beta of 1.17. The stock has a 50-day moving average price of $52.22 and a two-hundred day moving average price of $55.07. Buckle, Inc. has a twelve month low of $33.12 and a twelve month high of $61.69.

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Buckle in a research note on Wednesday, January 21st. Wall Street Zen raised Buckle from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Finally, UBS Group lowered their price target on Buckle from $55.00 to $53.00 and set a “neutral” rating on the stock in a report on Monday. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $53.00.

Institutional Trading of Buckle

Institutional investors and hedge funds have recently modified their holdings of the company. Hantz Financial Services Inc. lifted its position in shares of Buckle by 81.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 463 shares of the company’s stock worth $27,000 after buying an additional 208 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Buckle by 1,928.1% during the first quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock worth $25,000 after purchasing an additional 617 shares during the period. Miller Capital Partners Inc. acquired a new position in shares of Buckle in the fourth quarter valued at approximately $37,000. Allworth Financial LP boosted its position in shares of Buckle by 1,652.3% during the second quarter. Allworth Financial LP now owns 771 shares of the company’s stock worth $35,000 after buying an additional 727 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Buckle by 162.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 957 shares of the company’s stock worth $43,000 after acquiring an additional 592 shares in the last quarter. 53.93% of the stock is currently owned by institutional investors.

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.