Buckle, Inc. (The) (NYSE:BKE - Get Free Report) 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 transaction, the senior vice president owned 75,163 shares in the company, valued at $3,758,150. This trade represents a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Michelle Hoffman also recently made the following trade(s):
- On Friday, March 20th, Michelle Hoffman sold 29,281 shares of Buckle stock. The shares were sold at an average price of $49.12, for a total value of $1,438,282.72.
Buckle Stock Up 1.7%
Shares of BKE opened at $50.02 on Tuesday. The business has a 50-day simple moving average of $51.66 and a two-hundred day simple moving average of $54.78. Buckle, Inc. has a 52 week low of $33.12 and a 52 week high of $61.69. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 12.08 and a beta of 1.17.
Buckle (NYSE:BKE - Get Free Report) last posted its quarterly earnings data on Friday, March 13th. The company reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.51 by $0.08. The firm had revenue of $399.14 million for the quarter, compared to analysts' expectations of $396.45 million. Buckle had a return on equity of 45.18% and a net margin of 16.16%.The business's quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.53 EPS.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in BKE. Vanguard Group Inc. boosted its stake in Buckle by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 3,970,767 shares of the company's stock worth $212,118,000 after purchasing an additional 89,441 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Buckle by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,370,398 shares of the company's stock valued at $73,207,000 after buying an additional 5,784 shares during the last quarter. State Street Corp lifted its holdings in shares of Buckle by 4.3% in the fourth quarter. State Street Corp now owns 1,321,675 shares of the company's stock worth $70,604,000 after buying an additional 54,826 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Buckle by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,311,917 shares of the company's stock worth $70,084,000 after buying an additional 8,311 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of Buckle by 26.8% during the fourth quarter. Morgan Stanley now owns 1,244,389 shares of the company's stock worth $66,475,000 after acquiring an additional 263,338 shares during the last quarter. 53.93% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on BKE. Wall Street Zen upgraded shares of Buckle from a "hold" rating to a "buy" rating in a research report on Saturday, February 7th. Weiss Ratings upgraded shares of Buckle from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday. Finally, UBS Group dropped their target price on shares of Buckle from $55.00 to $53.00 and set a "neutral" rating for the company in a report on Monday, March 16th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $53.00.
Get Our Latest Analysis on Buckle
Buckle Company Profile
(
Get Free Report)
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.
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