Key Points
- Michelle Hoffman sold 16,200 shares of Buckle on April 10 at an average price of $54.80 for $887,760, cutting her stake by 35.31% to 29,682 shares (≈$1.63M); she also sold 29,281 shares on March 20 and 719 shares on March 19.
- Buckle beat expectations and announced a dividend: Q earnings were $1.59 EPS vs. $1.51 consensus with revenue $399.14M (up 5.2% YoY), and the company declared a $0.35 quarterly dividend (annual $1.40, ~2.6% yield).
Buckle, Inc. (The) (NYSE:BKE - Get Free Report) SVP Michelle Hoffman sold 16,200 shares of the stock in a transaction on Friday, April 10th. The shares were sold at an average price of $54.80, for a total transaction of $887,760.00. Following the transaction, the senior vice president directly owned 29,682 shares in the company, valued at approximately $1,626,573.60. The trade was a 35.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $49.12, for a total transaction of $1,438,282.72.
- 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 Stock Down 2.2%
BKE opened at $53.31 on Wednesday. The company has a market cap of $2.75 billion, a PE ratio of 12.88 and a beta of 1.18. Buckle, Inc. has a twelve month low of $33.35 and a twelve month high of $61.69. The company has a 50-day moving average price of $51.76 and a 200 day moving average price of $53.82.
Buckle (NYSE:BKE - Get Free Report) last posted its quarterly earnings data on Friday, March 13th. The company reported $1.59 earnings per share (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 company had revenue of $399.14 million for the quarter, compared to analysts' expectations of $396.45 million. During the same period in the previous year, the firm posted $1.53 EPS. Buckle's revenue was up 5.2% compared to the same quarter last year.
Buckle Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 29th. Stockholders of record on Wednesday, April 15th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.6%. Buckle's payout ratio is currently 33.82%.
Hedge Funds Weigh In On Buckle
A number of institutional investors have recently added to or reduced their stakes in the stock. Amundi boosted its stake in Buckle by 676.9% during the fourth quarter. Amundi now owns 421,200 shares of the company's stock worth $22,501,000 after buying an additional 366,986 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Buckle by 44.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,043,548 shares of the company's stock worth $55,746,000 after acquiring an additional 323,361 shares during the period. Morgan Stanley boosted its position in shares of Buckle by 26.8% during the 4th quarter. Morgan Stanley now owns 1,244,389 shares of the company's stock valued at $66,475,000 after acquiring an additional 263,338 shares during the last quarter. Two Sigma Investments LP boosted its position in shares of Buckle by 3,695.1% during the 3rd quarter. Two Sigma Investments LP now owns 242,510 shares of the company's stock valued at $14,226,000 after acquiring an additional 236,120 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Buckle by 376.3% in the third quarter. JPMorgan Chase & Co. now owns 288,920 shares of the company's stock valued at $16,948,000 after purchasing an additional 228,260 shares during the period. Hedge funds and other institutional investors own 53.93% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on BKE. UBS Group decreased their price objective on Buckle from $55.00 to $53.00 and set a "neutral" rating on the stock in a report on Monday, March 16th. Wall Street Zen cut shares of Buckle from a "buy" rating to a "hold" rating in a research report on Saturday, April 4th. Finally, Weiss Ratings raised shares of Buckle from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, March 20th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $53.00.
View Our Latest Research Report on BKE
About Buckle
(
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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