Buckle (NYSE:BKE) SVP Sells $35,950.00 in Stock

Buckle, Inc. (The) (NYSE:BKE) SVP Michelle Hoffman sold 719 shares of Buckle stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $50.00, for a total value of $35,950.00. Following the sale, the senior vice president directly owned 75,163 shares of the company’s stock, valued at approximately $3,758,150. This trade represents a 0.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, March 20th, Michelle Hoffman sold 29,281 shares of Buckle stock. The stock was sold at an average price of $49.12, for a total value of $1,438,282.72.

Buckle Trading Up 1.3%

Shares of Buckle stock opened at $50.74 on Thursday. The stock’s fifty day moving average price is $51.46 and its 200-day moving average price is $54.69. The firm has a market cap of $2.60 billion, a P/E ratio of 12.26 and a beta of 1.17. Buckle, Inc. has a 12 month low of $33.12 and a 12 month high of $61.69.

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

Buckle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 29th. Stockholders of record on Wednesday, April 15th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Wednesday, April 15th. Buckle’s dividend payout ratio is presently 33.82%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Wall Street Zen raised shares of Buckle from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. UBS Group lowered their target price on Buckle from $55.00 to $53.00 and set a “neutral” rating for the company in a report on Monday, March 16th. Finally, Weiss Ratings upgraded Buckle from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 20th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Buckle has an average rating of “Moderate Buy” and an average price target of $53.00.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Amundi grew its stake in shares of Buckle by 676.9% during the fourth quarter. Amundi now owns 421,200 shares of the company’s stock worth $22,501,000 after acquiring an additional 366,986 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Buckle by 44.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,043,548 shares of the company’s stock valued at $55,746,000 after purchasing an additional 323,361 shares during the last quarter. Morgan Stanley raised its position in shares of Buckle by 26.8% in the 4th quarter. Morgan Stanley now owns 1,244,389 shares of the company’s stock valued at $66,475,000 after purchasing an additional 263,338 shares during the last quarter. Two Sigma Investments LP boosted its stake in Buckle by 3,695.1% in the 3rd quarter. Two Sigma Investments LP now owns 242,510 shares of the company’s stock worth $14,226,000 after purchasing an additional 236,120 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Buckle by 376.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 288,920 shares of the company’s stock worth $16,948,000 after purchasing an additional 228,260 shares in the last quarter. 53.93% of the stock is owned by institutional investors and hedge funds.

Buckle Company Profile

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.