Key Points
- Buckle SVP Scott Werth sold 2,500 shares at an average price of $46.75, generating $116,875. Following the transaction, he retained 46,960 shares, a 5.05% reduction in his direct ownership.
- Buckle recently reported quarterly revenue of $319.82 million, up 4.6% year over year, and earnings per share of $0.87, exceeding analyst expectations of $0.81.
- The company declared a quarterly dividend of $0.35 per share, equivalent to $1.40 annually and a 2.9% yield. Analysts maintain a consensus “Hold” rating with a $46.00 target price.
Buckle, Inc. (The) (NYSE:BKE - Get Free Report) SVP Scott Werth sold 2,500 shares of the stock in a transaction on Thursday, October 22nd. The stock was sold at an average price of $46.75, for a total value of $116,875.00. Following the sale, the senior vice president directly owned 46,960 shares in the company, valued at approximately $2,195,380. This trade represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Buckle Stock Performance
Shares of NYSE BKE opened at $47.50 on Friday. The stock has a market capitalization of $2.45 billion, a P/E ratio of 10.94 and a beta of 1.14. The stock's fifty day moving average is $43.11 and its 200 day moving average is $45.80. Buckle, Inc. has a 52 week low of $39.44 and a 52 week high of $58.52.
Buckle (NYSE:BKE - Get Free Report) last posted its quarterly earnings data on Friday, August 21st. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.06. Buckle had a net margin of 16.62% and a return on equity of 46.91%. The business had revenue of $319.82 million during the quarter, compared to analysts' expectations of $319.80 million. During the same quarter in the prior year, the business posted $0.89 earnings per share. Buckle's revenue was up 4.6% compared to the same quarter last year.
Buckle Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Thursday, October 15th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, October 15th. Buckle's dividend payout ratio (DPR) is currently 32.26%.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. Weiss Ratings raised shares of Buckle from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, October 15th. UBS Group reiterated a "neutral" rating on shares of Buckle in a research report on Monday, August 24th. Two investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $46.00.
Get Our Latest Research Report on Buckle
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Sterling Capital Management LLC lifted its holdings in shares of Buckle by 850.0% in the third quarter. Sterling Capital Management LLC now owns 1,083 shares of the company's stock worth $47,000 after acquiring an additional 969 shares during the last quarter. Inspire Investing LLC boosted its stake in shares of Buckle by 8.3% in the 3rd quarter. Inspire Investing LLC now owns 62,693 shares of the company's stock valued at $2,693,000 after purchasing an additional 4,797 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in shares of Buckle by 46.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,209 shares of the company's stock valued at $52,000 after purchasing an additional 381 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Buckle by 14.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 23,501 shares of the company's stock valued at $1,009,000 after purchasing an additional 2,934 shares during the last quarter. Finally, SummerHaven Investment Management LLC bought a new stake in shares of Buckle during the 3rd quarter valued at approximately $925,000. Institutional investors own 53.93% of the company's stock.
About Buckle
(
Get Free Report)
Buckle, Inc is a specialty retailer of casual apparel, footwear and accessories for fashion-conscious young men and women. The company offers a broad selection of denim, tops, bottoms, outerwear, dresses, activewear, shoes, jewelry and other accessories from national brands and its own private-label collections, including BKE and Buckle Black.
The company sells merchandise through its network of retail stores across the United States and through its e-commerce platform. Buckle stores generally emphasize personalized customer service, denim fittings and outfit coordination, while its online channel provides access to apparel and accessories for customers outside its store markets.
Buckle traces its origins to 1948, when it began as a clothing store in Kearney, Nebraska.
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