Buckle (NYSE:BKE) Stock: Insider Scott Werth Sells 2,500 Shares

Buckle, Inc. (The) (NYSE:BKE) SVP Scott Werth sold 2,500 shares of the business’s stock in a transaction on Thursday, October 22nd. The stock was sold at an average price of $46.75, for a total transaction of $116,875.00. Following the transaction, the senior vice president directly owned 46,960 shares of the company’s stock, valued at approximately $2,195,380. This represents a 5.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Buckle Stock Performance

Buckle stock opened at $46.58 on Friday. Buckle, Inc. has a 52 week low of $39.44 and a 52 week high of $58.52. The firm has a market capitalization of $2.40 billion, a PE ratio of 10.73 and a beta of 1.14. The business’s 50-day simple moving average is $43.16 and its 200-day simple moving average is $45.80.

Buckle (NYSE:BKE) last posted its quarterly earnings results on Friday, August 21st. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.06. The company had revenue of $319.82 million for the quarter, compared to analyst estimates of $319.80 million. Buckle had a net margin of 16.62% and a return on equity of 46.91%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the business posted $0.89 EPS.

Buckle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Thursday, October 15th will be given a $0.35 dividend. The ex-dividend date is Thursday, October 15th. This represents a $1.40 annualized dividend and a yield of 3.0%. Buckle’s payout ratio is presently 32.26%.

Hedge Funds Weigh In On Buckle

A number of large investors have recently modified their holdings of the stock. Signaturefd LLC boosted its holdings in Buckle by 92.1% during the third quarter. Signaturefd LLC now owns 5,508 shares of the company’s stock worth $237,000 after buying an additional 2,640 shares during the last quarter. Evergreen Capital Management LLC grew its stake in shares of Buckle by 74.0% during the 3rd quarter. Evergreen Capital Management LLC now owns 15,188 shares of the company’s stock worth $652,000 after acquiring an additional 6,460 shares in the last quarter. Sterling Capital Management LLC raised its holdings in Buckle by 850.0% during 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 in the last quarter. Inspire Investing LLC increased its position in Buckle by 8.3% during the third quarter. Inspire Investing LLC now owns 62,693 shares of the company’s stock worth $2,693,000 after buying an additional 4,797 shares during the last quarter. Finally, SBI Securities Co. Ltd. boosted its position in Buckle by 46.0% during the third quarter. SBI Securities Co. Ltd. now owns 1,209 shares of the company’s stock worth $52,000 after purchasing an additional 381 shares during the period. 53.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on BKE. UBS Group reissued a “neutral” rating on shares of Buckle in a research note on Monday, August 24th. Weiss Ratings upgraded Buckle from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 15th. Two equities research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $46.00.

About Buckle

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.